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The Borrower and the Billionaire: A Foreclosure Story
Hudson, Michael W.
In this excerpt adapted from The Monster, Michael W. Hudson writes about the nation’s largest subprime lending empire through the fortunes of its owner and one of its customers.
Bubbles Always Burst: the Education of an Economist
Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucra...
Devastating Crisis Unfolds: Against The Current vol. 132
Bob Brenner, for the ATC editors. The current crisis could well turn out to be the most devastating since the Great Depression. It manifests profound, unresolved problems in the real economy that have...
The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America -- and Spawned a Global Crisis
Hudson, Michael W.
Hudson explains the rise and fall of the subprime mortgage business by chronicling the rise and fall of two corporate empires: Ameriquest and Lehman Brothers, who did more than any other institutions ...
Pamplona's locksmiths join revolt as banks throw families from their homes
Muñoz, Monica; Tremlett, Giles
In the years of the housing boom, Spain's banks offered 100% mortgages. Now, while receiving millions in public aid, they are throwing people out of their homes. But there's a rebellion under way.
Bird and Fortune - Subprime Crisis
Bird, John; Fortune, John
The Subprime mortgage crisis explained. John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
The Sub-Prime Market Crisis: Against The Current vol. 131
It wasn't until I flew to the United Kingdom on Saturday, September 15th, that the globalized nature of the sub-prime contagion really hit home, as it were, for me. On my flight over, I grabbed a copy...