Who Really Drove the Economy Into the Ditch?

Business & Finance, Accounting, Governmental
Cover of the book Who Really Drove the Economy Into the Ditch? by Joseph N. Fried, Algora Publishing
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Author: Joseph N. Fried ISBN: 9780875869445
Publisher: Algora Publishing Publication: December 15, 2009
Imprint: Algora Publishing Language: English
Author: Joseph N. Fried
ISBN: 9780875869445
Publisher: Algora Publishing
Publication: December 15, 2009
Imprint: Algora Publishing
Language: English
Unlike other books pertaining to the financial crisis of 2007/8, the author presents a wide variety of factors — including some that originated in the governmental sector and others that originated in the private sector. The tone is conversational. The book includes several subjects that are almost completely ignored in the rest of the literature.

These subjects include the detrimental impact of automated underwriting systems that were heavily promoted by Fannie Mae and Freddie Mac. 

  • Drive-by house appraisals. 
  • The impact of hundreds of local housing programs funded by HUD, state governments, and housing advocacy groups.; 
  • False delinquency statistics put forth by Fannie Mae and Freddie Mac.& 
  • “Silent second;” and “piggyback;” loans.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Unlike other books pertaining to the financial crisis of 2007/8, the author presents a wide variety of factors — including some that originated in the governmental sector and others that originated in the private sector. The tone is conversational. The book includes several subjects that are almost completely ignored in the rest of the literature.

These subjects include the detrimental impact of automated underwriting systems that were heavily promoted by Fannie Mae and Freddie Mac. 

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