Download or read book The Subprimes written by Karl Taro Greenfeld and published by HarperCollins. This book was released on 2015-05-12 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wickedly funny dystopian parody set in a financially apocalyptic future America, from the critically acclaimed author of Triburbia. In a future America that feels increasingly familiar, you are your credit score. Extreme wealth inequality has created a class of have-nothings: Subprimes. Their bad credit ratings make them unemployable. Jobless and without assets, they’ve walked out on mortgages, been foreclosed upon, or can no longer afford a fixed address. Fugitives who must keep moving to avoid arrest, they wander the globally warmed American wasteland searching for day labor and a place to park their battered SUVs for the night. Karl Taro Greenfeld’s trenchant satire follows the fortunes of two families whose lives reflect this new dog-eat-dog, survival-of-the-financially-fittest America. Desperate for work and food, a Subprime family has been forced to migrate east, hoping for a better life. They are soon joined in their odyssey by a writer and his family—slightly better off, yet falling fast. Eventually, they discover a small settlement of Subprimes who have begun an agrarian utopia built on a foreclosed exurb. Soon, though, the little stability they have is threatened when their land is targeted by job creators for shale oil extraction. But all is not lost. A hero emerges, a woman on a motorcycle—suspiciously lacking a credit score—who just may save the world. In The Subprimes, Karl Taro Greenfeld turns his keen and unflinching eye to our country today—and where we may be headed. The result is a novel for the 99 percent: a darkly funny comedy about paradise lost and found, the value of credit, economic policy, and the meaning of family.
Download or read book The Subprime Solution written by Robert J. Shiller and published by Princeton University Press. This book was released on 2012-09-24 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: A best-selling economist reveals the origins of the subprime mortgage crisis and puts forward bold measures to resolve it by restructuring the institutional foundations of the financial system in a thoughtful study by the author of Irrational Exuberance. First serial, The Atlantic.
Download or read book Financial Shock written by Mark Zandi and published by FT Press. This book was released on 2008-07-09 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The obvious place to start is the financial crisis and the clearest guide to it that I’ve read is Financial Shock by Mark Zandi. ... it is an impressively lucid guide to the big issues.” – The New York Times “In Financial Shock, Mr. Zandi provides a concise and lucid account of the economic, political and regulatory forces behind this binge.” – The Wall Street Journal “Aggressive builders, greedy lenders, optimistic home buyers: Zandi succinctly dissects the mortgage mess from start to (one hopes) finish.” – U.S. News and World Report “A more detailed look at the crisis comes from economist Mark Zandi, co-founder of Moody's Economy.com. His “Financial Shock” delves deeply into the history of the mortgage market, the bad loans, the globalization of trashy subprime paper and how homebuilders ran amok. Zandi's analysis is eye-opening. ... he paints an impressive, more nuanced picture.” – Kiplinger's Personal Finance Magazine “If you wonder how it could be possible for a subprime mortgage loan to bring the global financial system and the U.S. economy to its knees, you should read this book. No one is better qualified to provide this insight and advice than Mark Zandi.” –Larry Kudlow, Host, CNBC’s Kudlow & Company “Every once in a while a book comes along that’s so important, it commands recognition. This is one of them. Zandi provides a rilliant blow-by-blow account of how greed, stupidity, and recklessness brought the first major economic crises of the 21st entury and the most serious since the Great Depression.” –Bernard Baumohl,Managing Director, The Economic Outlook Group and best-selling author, The Secrets of Economic Indicators “Throughout the financial crisis Mark Zandi has played two important roles. He has insightfully analyzed its causes and thoughtfully recommended steps to alleviate it. This book continues those tasks and adds a third–providing a comprehensive and comprehensible explanation of the issues that is accessible to the general public and extremely useful to those who specialize in the area.” –Barney Frank, Chairman, House Financial Services Committee The subprime crisis created a gigantic financial catastrophe. What happened? How did it happen? How can we prevent similar crises from happening again? Mark Zandi answers all these critical questions–systematically, carefully, and in plain English. Zandi begins with a fast-paced overview and then illuminates the deepest causes, from the psychology of homeownership to Alan Greenspan’s missteps. You’ll see the home “flippers” at work and the real estate agents who cheered them on. You’ll learn how Internet technology and access to global capital transformed the mortgage industry, helping irresponsible lenders drive out good ones. Zandi demystifies the complex financial engineering that enabled lenders to hide deepening risks, shows how global investors eagerly bought in, and explains how flummoxed regulators failed to prevent disaster, despite crucial warning signs. Most important, Zandi offers indispensable advice for investors who must recognize emerging bubbles, policymakers who must improve oversight, and citizens who must survive whatever comes next. Liar’s loans, flippers, predatory lenders, delusional homebuilders How the housing market came unhinged, and the whirlwind came together Alan Greenspan’s trillion-dollar bet Betting on the boom, ignoring the bubble The subprime market goes global Worldwide investors get a piece of the action–and reap the results Wall Street’s alchemists: conjuring up Frankenstein New financial instruments and their hidden contents Back to the future: risk management for the 21st century Respecting the “animal spirits” that drive even the most sophisticated markets
Download or read book Neighborhoods the Blameless Victims of the Subprime Mortgage Crisis written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and published by . This book was released on 2009 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Promoting Home Ownership by Ensuring Liquidity in the Subprime Mortgage Market written by United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit and published by . This book was released on 2004 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Tarnished Fed written by Jim Kudlinski and published by Page Publishing Inc. This book was released on 2014-11-04 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the inner workings of the Federal Reserve.
Download or read book The Oxford History of the Novel in English written by Cyrus R. K. Patell and published by Oxford University Press. This book was released on 2024-04-04 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of US fiction since 1940 that explores the history of literary forms, the history of narrative forms, the history of the book, the history of media, and the history of higher education in the United States.
Download or read book Understanding the Securitization of Subprime Mortgage Credit written by Adam B. Ashcraft and published by DIANE Publishing. This book was released on 2010-03 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.
Download or read book What Money Can Buy written by Sidney B. Silverman and published by iUniverse. This book was released on 2011-07-21 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a child, Henry Wojecoski develops an insatiable appetite for money while working with his plumber father in a working class town near the wealthy village of Southampton, New York. After glimpsing the good life, the street-smart Henry decides that one day good fortune will be his too. Fate and a lofty dream soon lead Henry to nurture a healthy addiction to money. Henry has always been taught to count his blessings, but he knows he will never follow in his fathers footsteps. At fourteen, he starts his own company with five employees, but three years later, Wojo Services is broke. Not deterred by failure, Henry shuns college, joins the marines, and fights in Vietnam. When he finally returns homealive but emotionally shatteredHenry becomes the office boy at an accounting firm. Little does he know that he has just taken the first step down a path into the arcane worlds of high finance and politics. As Henrys life epitomizes the excesses and financially crazed period at the turn of the twenty-first century, he soon discovers that the instruments he has developed to create his own personal wealth have also helped to create the greatest recession ever known to man.
Download or read book Financial Boom and Gloom written by D. Chorafas and published by Springer. This book was released on 2009-03-26 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The credit and banking crisis which hit the western world in 2007/2008 has and will continue to have far-reaching after-effects. At their core are Collateralized Debt Obligations (CDOs) and Credit Default Swaos (CDSs), the main themes of this book.
Download or read book Riot at the Calc Exam and Other Mathematically Bent Stories written by Colin Conrad Adams and published by American Mathematical Soc.. This book was released on 2009 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of humorous stories have a mathematical dimension, or sometimes several. The mathematically adept should get the humor on first readings, the author says, but for other readers, he includes explanatory end notes.
Download or read book European Capital Markets Law written by Rüdiger Veil and published by Bloomsbury Publishing. This book was released on 2022-03-24 with total page 787 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The richness, clarity and nuances of the structure and methodology followed by the contributors make the book a very valuable tool for students... seeking to obtain a general understanding of the market and how it is regulated.” – Ligia Catherine Arias Barrera, Banking & Finance Law Review The fully updated edition of this user-friendly textbook continues to systematise the European law governing capital markets and examines the underlying concepts from a broadly interdisciplinary perspective. The 3rd edition deals with 3 central developments: the project of the capital markets union; sustainable finance; and the further digitalisation of financial instruments and securities markets. The 1st chapter deals with the foundations of capital markets law in Europe, the 2nd explains the basics, and the 3rd examines the regime on market abuse. Chapter 4 explores the disclosure system and chapter 5 short-selling and high-frequency trading. The role of intermediaries, such as financial analysts, rating agencies, and proxy advisers, is described in chapter 6. Chapter 7 explains compliance and corporate governance in investment firms and chapter 8 illustrates the regulation of benchmarks. Finally, chapter 9 deals with public takeovers. Throughout the book emphasis is placed on legal practice, and frequent reference is made to the key decisions of supervisory authorities and courts. This is essential reading for students involved in the study of capital markets law and financial law.
Download or read book Global and Regional Problems written by Vilho Harle and published by Routledge. This book was released on 2016-04-22 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distinctive due to explicit and systematically developed links between international relations (IR) and related disciplines, this book addresses global and regional interactions and the complex policy problems that often characterise this agenda. Such enhanced communication is crucial for improving the capacity of IR to engage with concrete issues that today are of high policy relevance for international organisations, states, diplomats, mediators and humankind in general. Whilst the authors do not reject the present IR, they offer a wider research agenda with new directions intended not only for those IR scholars who are unsatisfied with the analytical power of the current discipline, but also for those working on 'international', 'foreign', 'global' or 'interregional' issues in other disciplines and fields of research. In this instance they pay particular attention to linking up with peace research, international political economy (IPE) and cultural political economy (CPE), sociology, political geography, development studies, linguistics, cultural studies, environmental studies and energy research, gender studies, and traditions of area studies.
Download or read book The Fictions of American Capitalism written by Jacques-Henri Coste and published by Springer Nature. This book was released on 2020-02-26 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fictions of American Capitalism: Working Fictions and the Economic Novel introduces a new way of thinking about fiction in connection with capitalism, especially American capitalism. These essays demonstrate how fiction fulfills a major function of the American capitalist engine, presenting various formulations of American capitalism from the perspective of economists, social scientists, and literary critics. Focusing on three narratives—fictitious capital, working fictions, and the economic novel—the volume questions whether these three types of fiction can be linked under the sign of capitalism. This collection seeks to illustrate the American economy’s dependence on fictitiousness, America’s ideological fictions, and the nation’s creative literary fiction. In relation to what the credit and banking crisis of 2007–2008 exposed about the “unreal” base of the economy, the volume concludes with a call to recognize the economic humanities, arguing that American fiction and American literary studies can provide a useful mirror for economists.
Download or read book Banks Bankers and Bankruptcies Under Crisis written by D. Chorafas and published by Springer. This book was released on 2014-07-17 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banks, Bankers, and Bankruptcies Under Crisis uses case studies of failed banks, banks that would have failed without taxpayer intervention, and in some cases banks obliged to merge under government pressure, to better understand global banking today.
Download or read book Things to Make and Do in the Fourth Dimension written by Matt Parker and published by Farrar, Straus and Giroux. This book was released on 2014-12-02 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: A book from the stand-up mathematician that makes math fun again! Math is boring, says the mathematician and comedian Matt Parker. Part of the problem may be the way the subject is taught, but it's also true that we all, to a greater or lesser extent, find math difficult and counterintuitive. This counterintuitiveness is actually part of the point, argues Parker: the extraordinary thing about math is that it allows us to access logic and ideas beyond what our brains can instinctively do—through its logical tools we are able to reach beyond our innate abilities and grasp more and more abstract concepts. In the absorbing and exhilarating Things to Make and Do in the Fourth Dimension, Parker sets out to convince his readers to revisit the very math that put them off the subject as fourteen-year-olds. Starting with the foundations of math familiar from school (numbers, geometry, and algebra), he reveals how it is possible to climb all the way up to the topology and to four-dimensional shapes, and from there to infinity—and slightly beyond. Both playful and sophisticated, Things to Make and Do in the Fourth Dimension is filled with captivating games and puzzles, a buffet of optional hands-on activities that entices us to take pleasure in math that is normally only available to those studying at a university level. Things to Make and Do in the Fourth Dimension invites us to re-learn much of what we missed in school and, this time, to be utterly enthralled by it.
Download or read book Globalization s Limits written by Dimitris N. Chorafas and published by CRC Press. This book was released on 2016-04-22 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: So far there has been only praise for globalization. However, the export wave of China’s manufacturing machine and, more recently, the Global financial crisis show that globalization has limits. Globalization, the internationalization of trade, and financial integration are having enormous implications for businesses as well as for the whole economies of countries or blocks of countries. In this book Dr Chorafas argues that research is now producing evidence that there are limits to such globalization and amalgamation and that these need to be better defined and understood if some of the problems now being identified are to be prevented from applying the brakes, or worse, putting the process into reverse gear. The author examines the impact on countries such as the United States and European Union of occurrences like China's emergence as a massive manufacturing platform and the distortions of trade that result, affecting countries' GDP and creating problems such as uncontrollable current account deficits. He also considers the effect of Sovereign Wealth Funds as new entrants on the scene. These, he argues, are seen by some as 'the Trojan horses of state capitalism', particularly in what he defines as the 'absence of a global sheriff'. Globalization’s Limits looks at the EU and the Euroland as a test of globalization. The conclusions Chorafas draws about the effect on member states of pan-European banking, and the Euro as common currency, have implications for Britain and for the rest of the world. Issues relating to missed opportunities and leadership beg questions such as 'Who, if anybody, is or should be in charge of global monetary policy?
