The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisis (repost)
Michael W. Hudson, "The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America–and Spawned a Global Crisis"
English | ISBN: 031261053X | 2011 | PDF | 384 pages | 7.9 MB
English | ISBN: 031261053X | 2011 | PDF | 384 pages | 7.9 MB
In this page-turning, true-crime exposé, award-winning reporter Michael W. Hudson reveals the story of the rise and fall of the biggest subprime lender and Wall Street's biggest patron of subprime: Ameriquest and Lehman Brothers. They did more than any other institutions to produce the biggest financial scandal in American history.
It's a tale populated by a remarkable cast of characters: a shadowy billionaire who created the subprime industry out of the ashes of the 1980s S&L scandal; insatiable Wall Street executives; ensnared home owners; investigators who tried to expose the fraud; politicians who turned a blind eye; and, most of all, the drug-snorting, high-living salesman who tell all about the money they made, the lies they told, the deals they closed.
Provocative and gripping, The Monster is a searing look at the bottom-feeding fraud and top-down greed that fueled the financial collapse.
"Magnificently and heartbreakingly told. . . . [Hudson] shows vividly that really filthy, face-to-face fraud and hard-sell bullying . . . brought the economy down around our ears."—The Boston Globe