Other People's Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business
ISBN-13:
9780300212709
ISBN-10:
0300212704
Author:
Jennifer Taub
Publication date:
2015
Publisher:
Yale University Press
Format:
Paperback
424 pages
FREE US shipping
Book details
ISBN-13:
9780300212709
ISBN-10:
0300212704
Author:
Jennifer Taub
Publication date:
2015
Publisher:
Yale University Press
Format:
Paperback
424 pages
Summary
Other People's Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business (ISBN-13: 9780300212709 and ISBN-10: 0300212704), written by authors
Jennifer Taub, was published by Yale University Press in 2015.
With an overall rating of 4.2 stars, it's a notable title among other
Economic History
(Economics, Economic Policy & Development, Banks & Banking, Education & Reference, Accounting, Government & Business, Processes & Infrastructure, Mortgages, Real Estate) books. You can easily purchase or rent Other People's Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business (Paperback, Used) from BooksRun,
along with many other new and used
Economic History
books
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And, if you're looking to sell your copy, our current buyback offer is $0.41.
Description
The clearest explanation yet of how the financial crisis of 2008 developed and why it could happen again
In the wake of the financial meltdown in 2008, many claimed that it had been inevitable, that no one saw it coming, and that subprime borrowers were to blame. This accessible, thoroughly researched book is Jennifer Taub’s response to such unfounded claims. Drawing on wide-ranging experience as a corporate lawyer, investment firm counsel, and scholar of business law and financial market regulation, Taub chronicles how government officials helped bankers inflate the toxic-mortgage-backed housing bubble, then after the bubble burst ignored the plight of millions of homeowners suddenly facing foreclosure.
Focusing new light on the similarities between the savings and loan debacle of the 1980s and the financial crisis in 2008, Taub reveals that in both cases the same reckless banks, operating under different names, received government bailouts, while the same lax regulators overlooked fraud and abuse. Furthermore, in 2013 the situation is essentially unchanged. The author asserts that the 2008 crisis was not just similar to the S&L scandal, it was a severe relapse of the same underlying disease. And despite modest regulatory reforms, the disease remains uncured: top banks remain too big to manage, too big to regulate, and too big to fail.
In the wake of the financial meltdown in 2008, many claimed that it had been inevitable, that no one saw it coming, and that subprime borrowers were to blame. This accessible, thoroughly researched book is Jennifer Taub’s response to such unfounded claims. Drawing on wide-ranging experience as a corporate lawyer, investment firm counsel, and scholar of business law and financial market regulation, Taub chronicles how government officials helped bankers inflate the toxic-mortgage-backed housing bubble, then after the bubble burst ignored the plight of millions of homeowners suddenly facing foreclosure.
Focusing new light on the similarities between the savings and loan debacle of the 1980s and the financial crisis in 2008, Taub reveals that in both cases the same reckless banks, operating under different names, received government bailouts, while the same lax regulators overlooked fraud and abuse. Furthermore, in 2013 the situation is essentially unchanged. The author asserts that the 2008 crisis was not just similar to the S&L scandal, it was a severe relapse of the same underlying disease. And despite modest regulatory reforms, the disease remains uncured: top banks remain too big to manage, too big to regulate, and too big to fail.
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