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Author
Pub. Date
2009
Formats
Description
Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Author
Publisher
Thomas Dunne Books, an imprint of St. Martin's Publishing Group
Pub. Date
2020.
Description
"Underwater is a fresh perspective on the financial crisis that shows how it is still reverberating more than a decade later, casting doubt on the notion that homeownership is crucial to the American dream and inspiring a massive bet by the country's richest real-estate investors that it's not. In a dispassionate, yet deeply personal story that zips between Wall Street and Main Street-or, to be more precise, Audubon Drive in Alabama-Ryan Dezember...
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