Faber, David, 1964-
And then the roof caved in : how Wall Street's greed and stupidity brought capitalism to its knees / David Faber. - Hoboken, N.J. : John Wiley & Sons, c2009. - xiii, 192 p. : ill. ; 24 cm.
Includes index.
Prologue: "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.
9780470474235 0470474238
2009013313
Real estate investment--United States.
Financial crises--United States.
Foreclosure--United States.
Mortgage loans--United States.
HD255 / .F23 2009
332.63/240973
And then the roof caved in : how Wall Street's greed and stupidity brought capitalism to its knees / David Faber. - Hoboken, N.J. : John Wiley & Sons, c2009. - xiii, 192 p. : ill. ; 24 cm.
Includes index.
Prologue: "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.
9780470474235 0470474238
2009013313
Real estate investment--United States.
Financial crises--United States.
Foreclosure--United States.
Mortgage loans--United States.
HD255 / .F23 2009
332.63/240973
