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_bVLOAD
_c201005201101
_djamie
_y200909171506
_zsafura
040 _aUMP
090 _aHD255 .F33 2009
100 1 _aFaber, David.
245 1 0 _aAnd then the roof caved in :
_bhow Wall Street’s greed and stupidity brought capitalism to its knees /
_cDavid Faber
260 _aHoboken, N.J. :
_bJohn Wiley & Sons,
_cc2009
300 _axiii, 192 p. :
_bill. ;
_c24 cm.
500 _aIncludes index
505 0 _aExplains the events of the previous seven years that planted the seeds for the worst economic crisis since the Great Depression beginning in 2001, when the Federal Reserve embarked on an unprecedented effort to help the economy recover from the attacks of 9/11 by sending interest rates to all time lows
520 _aPrologue: "on the verge" -- Bubble to bubble. Greenspan’s shock and awe. Houses built on cow dung -- Home sweet home. Opening doors. An industry is born. Subprime returns -- The subprime machine. From delivering pizza to delivering mortgages. Living the dream. Diving into deep trouble -- Eyes wide shut. A warning unheeded. A dream no more -- The great enabler. Fannie Mae and Freddie Mac hit the scene. Fannie and Freddie get a timeout. Wall Street takes over. A tsunami of mortgages. From ownit to out of it. Back from the grave -- Complicity. Moody’s the money maker. Repeat customers -- The securitization from hell. The making of a CDO. Tough to kill. Turning "crap into triple-A". From CDS to CDO. Insanity sets in -- Narvik and me. CDOs : an American export. The truth revealed--but does it matter? -- Mortgaging Merrill’s future. Climbing out of poverty. A strong start. The secret weapon. Raking it in. Taking big risks -- A house of cards. Digging for gold. Building a case. The investment of a lifetime -- And then the roof caved in. The wheels coming off. The call. A crisis begins. The CDO blues. Light’s out -- Epilogue
650 0 _aReal estate investment
_zUnited States
650 0 _aFinancial crises
_zUnited States
650 0 _aForeclosure
_zUnited States
650 0 _aMortgage loans
_zUnited States
999 _aVIRTUA40
_c44826
_d44832
999 _aVTLSSORT0080*0200*0201*0400*0900*1000*2450*2600*3000*5000*5050*5200*6500*6501*6502*6503*9991