Who really drove the economy into the ditch? [[electronic resource] /] / Joseph Fried |
Autore | Fried Joseph |
Pubbl/distr/stampa | New York, : Algora Pub., c2012 |
Descrizione fisica | 1 online resource (342 p.) |
Disciplina |
330.973/0931
330.9730931 |
Soggetto topico |
Financial crises - United States - History - 21st century
Recessions - United States - History - 21st century Global Financial Crisis, 2008-2009 |
ISBN | 0-87586-944-0 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Preface: Who Really Drove the Economy Into the Ditch?; Part One: Two governmental policies caused the crisis; Chapter 1: The Rosetta stone of the subprime lending crisis; The origin of no-down payment loans; Lender, Thou Shalt be flexible; "The government was screaming" for subprime; The deadly role of Fannie and Freddie; Alarms were ringing years before the crisis; Chapter 2: Garbage in, garbage out; Say "goodbye" to sensible underwriting standards; F&F pushed the new automated systems with gusto; Automation and subprime don't mix; Push enough subprime and some will slip through
Risky, risk-based pricing Fannie and Freddie misconstrued the warning signs; Conclusion; Chapter 3: Appraise a house without leaving your seat; Lending on the basis of Zillow estimates; The many problems of the Automated Valuation Models; Needed for appraisals: A Full Monty; Epilogue; Chapter 4: A liberal pincer creates a thousand points of blight; The sound of silence; It gets worse: Down payments are "gifted"; What did F&F think of down payment corruption assistance?; The real reason we lack affordable homes; Summary; Chapter 5: Fannie and Freddie fudge their delinquency stats Once a crook, always a crook Like Sinatra, they did it their way; What were the real delinquency rates?; More creative accounting; Smoke and mirrors; Epilogue; Chapter 6: Fannie and Freddie's junk loan orgy; Paul's Principle, explained; What are subprime loans?; The junk loan orgy; F&F paid top dollar for subprime; Purchases of subprime were leveraged; The Fannie and Freddie apologists and their logic errors; Ed Pinto: A man completely vindicated; Chapter 7: More subprime promotion by Fannie and Freddie; Fannie and Freddie promoted brokers over banks; They got cozy with subprime aggregators They were cheerleaders for subprime F&F designed the subprime loans of private lenders; Fannie and Freddie misled the market about subprime; F&F redefined "conforming" to include subprime; The GSEs fought predatory lending laws; A brief history of F&F, subprime, and politics; Chapter 8: The Community Reinvestment Act (or Dr. Jekyll and Mr. Hyde); What is the Community Reinvestment Act and how did it change?; The government refuses to produce reliable CRA data; What is the best estimate of CRA's impact on the crisis?; What torture teaches us about the CRA Chapter 9: Fed policy is a secondary cause of the crisis The deflation argument; Exactly when did the housing bubble start?; Can the U.S. Federal reserve cause a world-wide bubble?; Fed policy doesn't affect long-term rates?; The two bubble factors: monetary policy and subprime; Epilogue: Transcripts show a clueless Federal Reserve; Part Two: Resistance to subprime broke down; Chapter 10: Securitization - Who needs it?; A brief history of securitization; Was our 40-year securitization experiment a success?; Mechanics of mortgage loan securitization Securitization is not needed, but it is here to stay |
Record Nr. | UNINA-9910786447703321 |
Fried Joseph | ||
New York, : Algora Pub., c2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Who really drove the economy into the ditch? / / Joseph Fried |
Autore | Fried Joseph |
Edizione | [1st ed.] |
Pubbl/distr/stampa | New York, : Algora Pub., c2012 |
Descrizione fisica | 1 online resource (342 p.) |
Disciplina |
330.973/0931
330.9730931 |
Soggetto topico |
Financial crises - United States - History - 21st century
Recessions - United States - History - 21st century Global Financial Crisis, 2008-2009 |
ISBN | 0-87586-944-0 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Preface: Who Really Drove the Economy Into the Ditch?; Part One: Two governmental policies caused the crisis; Chapter 1: The Rosetta stone of the subprime lending crisis; The origin of no-down payment loans; Lender, Thou Shalt be flexible; "The government was screaming" for subprime; The deadly role of Fannie and Freddie; Alarms were ringing years before the crisis; Chapter 2: Garbage in, garbage out; Say "goodbye" to sensible underwriting standards; F&F pushed the new automated systems with gusto; Automation and subprime don't mix; Push enough subprime and some will slip through
Risky, risk-based pricing Fannie and Freddie misconstrued the warning signs; Conclusion; Chapter 3: Appraise a house without leaving your seat; Lending on the basis of Zillow estimates; The many problems of the Automated Valuation Models; Needed for appraisals: A Full Monty; Epilogue; Chapter 4: A liberal pincer creates a thousand points of blight; The sound of silence; It gets worse: Down payments are "gifted"; What did F&F think of down payment corruption assistance?; The real reason we lack affordable homes; Summary; Chapter 5: Fannie and Freddie fudge their delinquency stats Once a crook, always a crook Like Sinatra, they did it their way; What were the real delinquency rates?; More creative accounting; Smoke and mirrors; Epilogue; Chapter 6: Fannie and Freddie's junk loan orgy; Paul's Principle, explained; What are subprime loans?; The junk loan orgy; F&F paid top dollar for subprime; Purchases of subprime were leveraged; The Fannie and Freddie apologists and their logic errors; Ed Pinto: A man completely vindicated; Chapter 7: More subprime promotion by Fannie and Freddie; Fannie and Freddie promoted brokers over banks; They got cozy with subprime aggregators They were cheerleaders for subprime F&F designed the subprime loans of private lenders; Fannie and Freddie misled the market about subprime; F&F redefined "conforming" to include subprime; The GSEs fought predatory lending laws; A brief history of F&F, subprime, and politics; Chapter 8: The Community Reinvestment Act (or Dr. Jekyll and Mr. Hyde); What is the Community Reinvestment Act and how did it change?; The government refuses to produce reliable CRA data; What is the best estimate of CRA's impact on the crisis?; What torture teaches us about the CRA Chapter 9: Fed policy is a secondary cause of the crisis The deflation argument; Exactly when did the housing bubble start?; Can the U.S. Federal reserve cause a world-wide bubble?; Fed policy doesn't affect long-term rates?; The two bubble factors: monetary policy and subprime; Epilogue: Transcripts show a clueless Federal Reserve; Part Two: Resistance to subprime broke down; Chapter 10: Securitization - Who needs it?; A brief history of securitization; Was our 40-year securitization experiment a success?; Mechanics of mortgage loan securitization Securitization is not needed, but it is here to stay |
Record Nr. | UNINA-9910822416203321 |
Fried Joseph | ||
New York, : Algora Pub., c2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The working class majority [[electronic resource] ] : America's best kept secret / / Michael Zweig |
Autore | Zweig Michael <1942-> |
Edizione | [2nd ed.] |
Pubbl/distr/stampa | Ithaca, : ILR Press, 2012 |
Descrizione fisica | 1 online resource (232 p.) |
Disciplina | 305.5/620973 |
Soggetto topico |
Working class - United States
Working class - Political activity - United States |
Soggetto genere / forma | Electronic books. |
ISBN |
0-8014-6478-1
0-8014-6431-5 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | The class structure of the United States -- What we think about when we think about class -- Why is class important? -- Looking at "the underclass" -- Looking at values, family and otherwise -- The working class and power -- Power and globalization -- Power and the government -- Into the millennium. |
Record Nr. | UNINA-9910457367803321 |
Zweig Michael <1942-> | ||
Ithaca, : ILR Press, 2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The working class majority [[electronic resource] ] : America's best kept secret / / Michael Zweig |
Autore | Zweig Michael <1942-> |
Edizione | [2nd ed.] |
Pubbl/distr/stampa | Ithaca, : ILR Press, 2012 |
Descrizione fisica | 1 online resource (232 p.) |
Disciplina | 305.5/620973 |
Soggetto topico |
Working class - United States
Working class - Political activity - United States |
ISBN |
1-5017-4678-2
0-8014-6478-1 0-8014-6431-5 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | The class structure of the United States -- What we think about when we think about class -- Why is class important? -- Looking at "the underclass" -- Looking at values, family and otherwise -- The working class and power -- Power and globalization -- Power and the government -- Into the millennium. |
Record Nr. | UNINA-9910781550103321 |
Zweig Michael <1942-> | ||
Ithaca, : ILR Press, 2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The working class majority : America's best kept secret / / Michael Zweig |
Autore | Zweig Michael <1942-> |
Edizione | [2nd ed.] |
Pubbl/distr/stampa | Ithaca, : ILR Press, 2012 |
Descrizione fisica | 1 online resource (232 p.) |
Disciplina | 305.5/620973 |
Soggetto topico |
Working class - United States
Working class - Political activity - United States |
ISBN |
1-5017-4678-2
0-8014-6478-1 0-8014-6431-5 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | The class structure of the United States -- What we think about when we think about class -- Why is class important? -- Looking at "the underclass" -- Looking at values, family and otherwise -- The working class and power -- Power and globalization -- Power and the government -- Into the millennium. |
Record Nr. | UNINA-9910809301403321 |
Zweig Michael <1942-> | ||
Ithaca, : ILR Press, 2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|