Other People's Houses

How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business

Business & Finance, Finance & Investing, Real Estate, Economics, Economic History, Nonfiction, History, Modern
Cover of the book Other People's Houses by Jennifer S. Taub, J.D., Yale University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jennifer S. Taub, J.D. ISBN: 9780300206944
Publisher: Yale University Press Publication: May 28, 2014
Imprint: Yale University Press Language: English
Author: Jennifer S. Taub, J.D.
ISBN: 9780300206944
Publisher: Yale University Press
Publication: May 28, 2014
Imprint: Yale University Press
Language: English
In the wake of the financial meltdown in 2008, many claimed that it had been inevitable, that no one saw it coming, and that subprime borrowers were to blame. This accessible, thoroughly researched book is Jennifer Taub’s response to such unfounded claims. Drawing on wide-ranging experience as a corporate lawyer, investment firm counsel, and scholar of business law and financial market regulation, Taub chronicles how government officials helped bankers inflate the toxic-mortgage-backed housing bubble, then after the bubble burst ignored the plight of millions of homeowners suddenly facing foreclosure.
 
Focusing new light on the similarities between the savings and loan debacle of the 1980s and the financial crisis in 2008, Taub reveals that in both cases the same reckless banks, operating under different names, received government bailouts, while the same lax regulators overlooked fraud and abuse. Furthermore, in 2013 the situation is essentially unchanged. The author asserts that the 2008 crisis was not just similar to the S&L scandal, it was a severe relapse of the same underlying disease. And despite modest regulatory reforms, the disease remains uncured: top banks remain too big to manage, too big to regulate, and too big to fail.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
In the wake of the financial meltdown in 2008, many claimed that it had been inevitable, that no one saw it coming, and that subprime borrowers were to blame. This accessible, thoroughly researched book is Jennifer Taub’s response to such unfounded claims. Drawing on wide-ranging experience as a corporate lawyer, investment firm counsel, and scholar of business law and financial market regulation, Taub chronicles how government officials helped bankers inflate the toxic-mortgage-backed housing bubble, then after the bubble burst ignored the plight of millions of homeowners suddenly facing foreclosure.
 
Focusing new light on the similarities between the savings and loan debacle of the 1980s and the financial crisis in 2008, Taub reveals that in both cases the same reckless banks, operating under different names, received government bailouts, while the same lax regulators overlooked fraud and abuse. Furthermore, in 2013 the situation is essentially unchanged. The author asserts that the 2008 crisis was not just similar to the S&L scandal, it was a severe relapse of the same underlying disease. And despite modest regulatory reforms, the disease remains uncured: top banks remain too big to manage, too big to regulate, and too big to fail.

More books from Yale University Press

Cover of the book A Question of Balance by Jennifer S. Taub, J.D.
Cover of the book Panaesthetics by Jennifer S. Taub, J.D.
Cover of the book The English Aristocracy, 1070-1272: A Social Transformation by Jennifer S. Taub, J.D.
Cover of the book Musical Composition by Jennifer S. Taub, J.D.
Cover of the book The Justice of Contradictions by Jennifer S. Taub, J.D.
Cover of the book Time No Longer by Jennifer S. Taub, J.D.
Cover of the book Voyaging in Strange Seas by Jennifer S. Taub, J.D.
Cover of the book Hanging Together: Unity and Diversity in American Culture by Jennifer S. Taub, J.D.
Cover of the book My Dear BB . . . by Jennifer S. Taub, J.D.
Cover of the book The Late Medieval English Church: Vitality and Vulnerability Beford the Break with Rome by Jennifer S. Taub, J.D.
Cover of the book Dreams of Peace and Freedom by Jennifer S. Taub, J.D.
Cover of the book John Keats by Jennifer S. Taub, J.D.
Cover of the book Twitter and Tear Gas by Jennifer S. Taub, J.D.
Cover of the book London Cage by Jennifer S. Taub, J.D.
Cover of the book Back to the Garden by Jennifer S. Taub, J.D.
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy