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Acknowledgments ix
Introduction xi
Why I Bailed Out of the Industry 1
The Gunslinging Business of Subprime Lending 15
The Underbelly: Mortgage Brokers 39
Making Chicken Salad Out of Chicken Shit: The Art of Creative Financing 73
Wall Street and the Rating Agencies: Greed at Its Worst 103
Secondary Contributors: The Fed, Consumers, Retail Lenders, Homebuilders, and Realtors 127
How to Fix a Broken Industry 151
Glossary 183
Resources 185
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Russell Ellis
reviewed Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance on October 31, 2008 Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance
I give this five stars for several reasons:
This is a clear & concise description of just how screwed up this industry was(is).
This is well written- the author was involved in the industry, and he tells it like a story that involves numbers.
This has a point- he pulls no punches on people's ignorant and/or dishonest behavior, and he points out the industry's efforts to resist regulation.
This book is extremely timely- the perfect book for these times.
Read it.
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Add Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, Former subprime lender Richard Bitner once worked in an industry that started out helping disadvantaged customers but collapsed due to greed, lack of financial control and willful ignorance. In Confessions of a Subprime Lender: An Insider's Tale of Gre, Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance to the inventory that you are selling on WonderClubX
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Add Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, Former subprime lender Richard Bitner once worked in an industry that started out helping disadvantaged customers but collapsed due to greed, lack of financial control and willful ignorance. In Confessions of a Subprime Lender: An Insider's Tale of Gre, Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance to your collection on WonderClub |
