5 edition of The subprime virus found in the catalog.
The subprime virus
Kathleen C. Engel
Includes bibliographical references and index.
|Statement||by Kathleen C. Engel and Patricia A. McCoy.|
|Contributions||McCoy, Patricia A., 1954-|
|LC Classifications||HG2040.5.U5 E54 2010|
|The Physical Object|
|LC Control Number||2010003614|
Indeed, this book looks, at first, like a straight-up pastiche of “The Grapes of Wrath” (Greenfeld name-checks it in the epigraph), complete with that book’s tear-jerking sentimentality. The spreading of this economic virus was in fact referred to as a contagion. The Great Recession of , which originated in the United States as a .
Over time, it also created more than $ trillion to purchase Treasury and mortgage bonds from Wall Street firms, most of which it now houses on its own books. During the financial crisis of those years, the world’s major central banks, mostly in G-7 countries like Germany and Japan, created what was supposed to be an “emergency” policy Author: Nomi Prins. Kathleen Engel, Research Professor of Law at Suffolk University, is a national authority on mortgage finance and regulation, subprime and predatory lending, consumer credit, and housing and credit discrimination. Her publications include the book The Subprime Virus: Reckless Credit, Regulatory Failure and Next Steps. Professor Engel has.
The longer the pandemic lasts, the greater the risk that the sharp downturn morphs into a financial crisis with zombie companies starting a chain of defaults just like subprime mortgages did in . Two books delve into the life of Paul Le Roux, a gun-running, drug-smuggling cyber criminal: Evan Ratliff’s "The Mastermind" and "Hunting LeRoux" by Elaine Shannon. Business California.
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The Subprime Virus reveals how consumer abuses in a once obscure corner of the The subprime virus book mortgage market led to the near meltdown of the world's financial system. The authors also delve into the roles of federal banking and securities regulators, who knew of lenders' hazardous mortgages and of Wall Street's addiction to high stakes financing, but did nothing until the crisis by: I've read a number of background books on 'The Great Recession' - 'The Subprime Virus' is one of the best because it provides very readable, credible/documented background and specifics on how the front-line frauds, regulatory lapses, and reckless credit helped create the collapse.5/5(1).
In this book, Professors Engel and McCoy explain the wide-spread regulatory failures which allowed the 'subprime virus' to grow and fester. Their policy recommendations and prescriptions for regulatory reform are lucid and common-sense solutions designed to prevent a recurrence of the reckless lending which caused the subprime virus.
The first part of the book is a recitation of bad events in the history of subprime lending which the authors appear to have spent some time advocating against. It is a good source for incidents of that type if one is researching them/5(8). Along with Patricia McCoy, she is the author of The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps.
The book offers a detailed account of how the world of mortgage finance shook the American and global economies to their core. The Subprime Virus reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world's financial system.
The authors also delve into the roles of federal banking and securities regulators, who knew of lenders' hazardous mortgages and of Wall Street's addiction to high stakes financing, but did nothing until the crisis erupted. Forthcoming in ENVIRONMENT AND PLANNING A Book Review by David Reiss Brooklyn Law School THE SUBPRIME VIRUS: RECKLESS CREDIT, REGULATORY FAILURE, AND NEXT STEPS () By Kathleen Engel & Patricia McCoy John Godfrey Saxe’s 19 th century poem, “The Blind Men and the Elephant,” opens with six learned men Who went to see the Elephant.
The subprime virus. Katrin B. Anacker. Journal of Planning Literature 4, Download Citation. Book Review: Subprime Mortgages: America's Latest Boom and Bust by Edward M. Gramlich. Washingt Show details. Articles Citing this One: 0. Also from SAGE Publishing Author: Katrin B.
Anacker. The Subprime Virus. Abstract We examine the correlation between the increase in mortgage default risk on prime mortgages and the introduction of subprime mortgages in a local area. The Subprime Virus Agarwal, Ambrose, and Yildirim. Discussion by Shane M.
Sherlund. 12/5/ 2 The comments contained herein are mine alone and do not necessarily reflect the views of the Board of Governors of the Federal Reserve System, its members, or its staff.
The SUBPRIME VIRUS is a cut above the books that have come before it because of its authors’ breadth of knowledge of financial institutions and consumer : David J. Reiss. The SUBPRIME VIRUS is a cut above the books that have come before it because of its authors’ breadth of knowledge of financial institutions and consumer protection.
Discover the world's research. The Subprime Virus Abstract We examine the potential increase in mortgage default risk on prime mort-gages that results from the introduction of subprime mortgages in a local area.
Consistent with empirical ndings regarding the impact of foreclosures on nearby property values, we assume a default contagion e ect that spreads the impact of. Request PDF | Book Review: The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps | Book review | Find, read and cite all the research you need on ResearchGate.
The Subprime Virus reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world's financial system.
Wall Street peddled subprime loans to investors through complex but dodgy financial instruments that spread like a virus. Read Ebook Now ?book=Read The Subprime Virus: Reckless Credit Regulatory Failure and Next Steps Ebook Free.
Get this from a library. The subprime virus: reckless credit, regulatory failure, and next steps. [Kathleen C Engel; Patricia A McCoy] -- Blending expert analysis, vivid examples, and clear prose, Engel and McCoy offer an informed portrait of the political and financial failures that led to the crisis.
Equally important, they show how. The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps Kathleen C. Engel Associate Dean of Intellectual Life and Professor of Law, Suffolk University Law School.
Business Insider reported that of the $ trillion in auto loans outstanding, about $ billion were subprime.
Two Ways That Dealers Make Author: Michael Molnar. The Subprime Virus: Reckless Credit, Regulatory Failure and Next Steps. Kathleen Engel, Suffolk Law’s Associate Dean for Intellectual Life and a Professor of Law, discusses her new book, The Subprime Virus: Reckless Credit, Regulatory Failure and Next Steps.
Law scholars Teresa Sullivan, Elizabeth Warren, and Jay Lawrence Westbrook characterized subprime lending in their book, The Fragile Middle Class: Americans in Debt, as “granting credit specifically to people who are living on the edge.”.
Angelo Mozilo got rich selling the American Dream. a professor at Boston College who studied Countrywide as part of a book she co-wrote called "The Subprime Virus. “Subprime lending was a net drain on homeownership. A lot of needless pain was created in the process.” “All the Devils Are Here: The Hidden History of the Financial Crisis” is from.