Who really drove the economy into the ditch? /:
This is an opinionated book with an attitude. However, the author, a CPA and MBA, presents economic information in a conversational tone and meticulously backs up his views with references, charts, and quotes. Joseph N. Fried has published several books with Algora, explaining financial controversie...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York :
Algora Pub.,
[2012]
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This is an opinionated book with an attitude. However, the author, a CPA and MBA, presents economic information in a conversational tone and meticulously backs up his views with references, charts, and quotes. Joseph N. Fried has published several books with Algora, explaining financial controversies and challenges for the general reader. Here, he highlights eye-popping aspects of the recent financial circus including: 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. |
| Beschreibung: | 1 online resource (xiv, 326 pages) |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780875869445 0875869440 |
Internformat
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| 100 | 1 | |a Fried, Joseph, |e author. | |
| 245 | 1 | 0 | |a Who really drove the economy into the ditch? / |c Joseph Fried. |
| 264 | 1 | |a New York : |b Algora Pub., |c [2012] | |
| 264 | 4 | |c ©2012 | |
| 300 | |a 1 online resource (xiv, 326 pages) | ||
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| 520 | |a This is an opinionated book with an attitude. However, the author, a CPA and MBA, presents economic information in a conversational tone and meticulously backs up his views with references, charts, and quotes. Joseph N. Fried has published several books with Algora, explaining financial controversies and challenges for the general reader. Here, he highlights eye-popping aspects of the recent financial circus including: 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. | ||
| 505 | 0 | |a Preface: Who Really Drove the Economy Into the Ditch?; Part One: Two governmental policies caused the crisis; Chapter 1: The Rosetta stone of the subprime lending crisis; The origin of no-down payment loans; Lender, Thou Shalt be flexible; "The government was screaming" for subprime; The deadly role of Fannie and Freddie; Alarms were ringing years before the crisis; Chapter 2: Garbage in, garbage out; Say "goodbye" to sensible underwriting standards; F & F pushed the new automated systems with gusto; Automation and subprime don't mix; Push enough subprime and some will slip through | |
| 505 | 8 | |a Risky, risk-based pricingFannie and Freddie misconstrued the warning signs; Conclusion; Chapter 3: Appraise a house without leaving your seat; Lending on the basis of Zillow estimates; The many problems of the Automated Valuation Models; Needed for appraisals: A Full Monty; Epilogue; Chapter 4: A liberal pincer creates a thousand points of blight; The sound of silence; It gets worse: Down payments are "gifted"; What did F & F think of down payment corruption assistance?; The real reason we lack affordable homes; Summary; Chapter 5: Fannie and Freddie fudge their delinquency stats | |
| 505 | 8 | |a Once a crook, always a crookLike Sinatra, they did it their way; What were the real delinquency rates?; More creative accounting; Smoke and mirrors; Epilogue; Chapter 6: Fannie and Freddie's junk loan orgy; Paul's Principle, explained; What are subprime loans?; The junk loan orgy; F & F paid top dollar for subprime; Purchases of subprime were leveraged; The Fannie and Freddie apologists and their logic errors; Ed Pinto: A man completely vindicated; Chapter 7: More subprime promotion by Fannie and Freddie; Fannie and Freddie promoted brokers over banks; They got cozy with subprime aggregators | |
| 505 | 8 | |a They were cheerleaders for subprimeF & F designed the subprime loans of private lenders; Fannie and Freddie misled the market about subprime; F & F redefined "conforming" to include subprime; The GSEs fought predatory lending laws; A brief history of F & F, subprime, and politics; Chapter 8: The Community Reinvestment Act (or Dr. Jekyll and Mr. Hyde); What is the Community Reinvestment Act and how did it change?; The government refuses to produce reliable CRA data; What is the best estimate of CRA's impact on the crisis?; What torture teaches us about the CRA | |
| 505 | 8 | |a Chapter 9: Fed policy is a secondary cause of the crisisThe deflation argument; Exactly when did the housing bubble start?; Can the U.S. Federal reserve cause a world-wide bubble?; Fed policy doesn't affect long-term rates?; The two bubble factors: monetary policy and subprime; Epilogue: Transcripts show a clueless Federal Reserve; Part Two: Resistance to subprime broke down; Chapter 10: Securitization -- Who needs it?; A brief history of securitization; Was our 40-year securitization experiment a success?; Mechanics of mortgage loan securitization | |
| 650 | 0 | |a Financial crises |z United States |x History |y 21st century. | |
| 650 | 0 | |a Recessions |z United States |x History |y 21st century. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009. |0 http://id.loc.gov/authorities/subjects/sh2009003683 | |
| 651 | 0 | |a United States |x Economic conditions |y 2001-2009. |0 http://id.loc.gov/authorities/subjects/sh2001004604 | |
| 651 | 0 | |a United States |x Economic policy |y 2001-2009. |0 http://id.loc.gov/authorities/subjects/sh2001008758 | |
| 650 | 6 | |a Récessions |z États-Unis |x Histoire |y 21e siècle. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009. | |
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| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Financial crises |2 fast | |
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Datensatz im Suchindex
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| contents | Preface: Who Really Drove the Economy Into the Ditch?; Part One: Two governmental policies caused the crisis; Chapter 1: The Rosetta stone of the subprime lending crisis; The origin of no-down payment loans; Lender, Thou Shalt be flexible; "The government was screaming" for subprime; The deadly role of Fannie and Freddie; Alarms were ringing years before the crisis; Chapter 2: Garbage in, garbage out; Say "goodbye" to sensible underwriting standards; F & F pushed the new automated systems with gusto; Automation and subprime don't mix; Push enough subprime and some will slip through Risky, risk-based pricingFannie and Freddie misconstrued the warning signs; Conclusion; Chapter 3: Appraise a house without leaving your seat; Lending on the basis of Zillow estimates; The many problems of the Automated Valuation Models; Needed for appraisals: A Full Monty; Epilogue; Chapter 4: A liberal pincer creates a thousand points of blight; The sound of silence; It gets worse: Down payments are "gifted"; What did F & F think of down payment corruption assistance?; The real reason we lack affordable homes; Summary; Chapter 5: Fannie and Freddie fudge their delinquency stats Once a crook, always a crookLike Sinatra, they did it their way; What were the real delinquency rates?; More creative accounting; Smoke and mirrors; Epilogue; Chapter 6: Fannie and Freddie's junk loan orgy; Paul's Principle, explained; What are subprime loans?; The junk loan orgy; F & F paid top dollar for subprime; Purchases of subprime were leveraged; The Fannie and Freddie apologists and their logic errors; Ed Pinto: A man completely vindicated; Chapter 7: More subprime promotion by Fannie and Freddie; Fannie and Freddie promoted brokers over banks; They got cozy with subprime aggregators They were cheerleaders for subprimeF & F designed the subprime loans of private lenders; Fannie and Freddie misled the market about subprime; F & F redefined "conforming" to include subprime; The GSEs fought predatory lending laws; A brief history of F & F, subprime, and politics; Chapter 8: The Community Reinvestment Act (or Dr. Jekyll and Mr. Hyde); What is the Community Reinvestment Act and how did it change?; The government refuses to produce reliable CRA data; What is the best estimate of CRA's impact on the crisis?; What torture teaches us about the CRA Chapter 9: Fed policy is a secondary cause of the crisisThe deflation argument; Exactly when did the housing bubble start?; Can the U.S. Federal reserve cause a world-wide bubble?; Fed policy doesn't affect long-term rates?; The two bubble factors: monetary policy and subprime; Epilogue: Transcripts show a clueless Federal Reserve; Part Two: Resistance to subprime broke down; Chapter 10: Securitization -- Who needs it?; A brief history of securitization; Was our 40-year securitization experiment a success?; Mechanics of mortgage loan securitization |
| ctrlnum | (OCoLC)961604611 |
| dewey-full | 330.973/0931 |
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| dewey-ones | 330 - Economics |
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| dewey-search | 330.973/0931 |
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| discipline | Wirtschaftswissenschaften |
| era | 2000-2099 fast |
| era_facet | 2000-2099 |
| format | Electronic eBook |
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| geographic | United States Economic conditions 2001-2009. http://id.loc.gov/authorities/subjects/sh2001004604 United States Economic policy 2001-2009. http://id.loc.gov/authorities/subjects/sh2001008758 États-Unis Conditions économiques 2001-2009. États-Unis Politique économique 2001-2009. United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq |
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| id | ZDB-4-EBU-ocn961604611 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:25Z |
| institution | BVB |
| isbn | 9780875869445 0875869440 |
| language | English |
| oclc_num | 961604611 |
| open_access_boolean | |
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| physical | 1 online resource (xiv, 326 pages) |
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| publishDate | 2012 |
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| publisher | Algora Pub., |
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| spelling | Fried, Joseph, author. Who really drove the economy into the ditch? / Joseph Fried. New York : Algora Pub., [2012] ©2012 1 online resource (xiv, 326 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references and index. This is an opinionated book with an attitude. However, the author, a CPA and MBA, presents economic information in a conversational tone and meticulously backs up his views with references, charts, and quotes. Joseph N. Fried has published several books with Algora, explaining financial controversies and challenges for the general reader. Here, he highlights eye-popping aspects of the recent financial circus including: 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. Preface: Who Really Drove the Economy Into the Ditch?; Part One: Two governmental policies caused the crisis; Chapter 1: The Rosetta stone of the subprime lending crisis; The origin of no-down payment loans; Lender, Thou Shalt be flexible; "The government was screaming" for subprime; The deadly role of Fannie and Freddie; Alarms were ringing years before the crisis; Chapter 2: Garbage in, garbage out; Say "goodbye" to sensible underwriting standards; F & F pushed the new automated systems with gusto; Automation and subprime don't mix; Push enough subprime and some will slip through Risky, risk-based pricingFannie and Freddie misconstrued the warning signs; Conclusion; Chapter 3: Appraise a house without leaving your seat; Lending on the basis of Zillow estimates; The many problems of the Automated Valuation Models; Needed for appraisals: A Full Monty; Epilogue; Chapter 4: A liberal pincer creates a thousand points of blight; The sound of silence; It gets worse: Down payments are "gifted"; What did F & F think of down payment corruption assistance?; The real reason we lack affordable homes; Summary; Chapter 5: Fannie and Freddie fudge their delinquency stats Once a crook, always a crookLike Sinatra, they did it their way; What were the real delinquency rates?; More creative accounting; Smoke and mirrors; Epilogue; Chapter 6: Fannie and Freddie's junk loan orgy; Paul's Principle, explained; What are subprime loans?; The junk loan orgy; F & F paid top dollar for subprime; Purchases of subprime were leveraged; The Fannie and Freddie apologists and their logic errors; Ed Pinto: A man completely vindicated; Chapter 7: More subprime promotion by Fannie and Freddie; Fannie and Freddie promoted brokers over banks; They got cozy with subprime aggregators They were cheerleaders for subprimeF & F designed the subprime loans of private lenders; Fannie and Freddie misled the market about subprime; F & F redefined "conforming" to include subprime; The GSEs fought predatory lending laws; A brief history of F & F, subprime, and politics; Chapter 8: The Community Reinvestment Act (or Dr. Jekyll and Mr. Hyde); What is the Community Reinvestment Act and how did it change?; The government refuses to produce reliable CRA data; What is the best estimate of CRA's impact on the crisis?; What torture teaches us about the CRA Chapter 9: Fed policy is a secondary cause of the crisisThe deflation argument; Exactly when did the housing bubble start?; Can the U.S. Federal reserve cause a world-wide bubble?; Fed policy doesn't affect long-term rates?; The two bubble factors: monetary policy and subprime; Epilogue: Transcripts show a clueless Federal Reserve; Part Two: Resistance to subprime broke down; Chapter 10: Securitization -- Who needs it?; A brief history of securitization; Was our 40-year securitization experiment a success?; Mechanics of mortgage loan securitization Financial crises United States History 21st century. Recessions United States History 21st century. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 United States Economic conditions 2001-2009. http://id.loc.gov/authorities/subjects/sh2001004604 United States Economic policy 2001-2009. http://id.loc.gov/authorities/subjects/sh2001008758 Récessions États-Unis Histoire 21e siècle. Crise financière mondiale, 2008-2009. États-Unis Conditions économiques 2001-2009. États-Unis Politique économique 2001-2009. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic history fast Economic policy fast Financial crises fast Recessions fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654 https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm 2000-2099 fast Reference works fast History fast Reference works. lcgft http://id.loc.gov/authorities/genreForms/gf2014026165 Ouvrages de référence. rvmgf has work: Who really drove the economy into the ditch? (Text) https://id.oclc.org/worldcat/entity/E39PCGXQmVfKwQ9g44bfBJWyMP https://id.oclc.org/worldcat/ontology/hasWork Print version: 9780875869421 0875869424 (DLC) 2012032065 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=521640 Volltext |
| spellingShingle | Fried, Joseph Who really drove the economy into the ditch? / Preface: Who Really Drove the Economy Into the Ditch?; Part One: Two governmental policies caused the crisis; Chapter 1: The Rosetta stone of the subprime lending crisis; The origin of no-down payment loans; Lender, Thou Shalt be flexible; "The government was screaming" for subprime; The deadly role of Fannie and Freddie; Alarms were ringing years before the crisis; Chapter 2: Garbage in, garbage out; Say "goodbye" to sensible underwriting standards; F & F pushed the new automated systems with gusto; Automation and subprime don't mix; Push enough subprime and some will slip through Risky, risk-based pricingFannie and Freddie misconstrued the warning signs; Conclusion; Chapter 3: Appraise a house without leaving your seat; Lending on the basis of Zillow estimates; The many problems of the Automated Valuation Models; Needed for appraisals: A Full Monty; Epilogue; Chapter 4: A liberal pincer creates a thousand points of blight; The sound of silence; It gets worse: Down payments are "gifted"; What did F & F think of down payment corruption assistance?; The real reason we lack affordable homes; Summary; Chapter 5: Fannie and Freddie fudge their delinquency stats Once a crook, always a crookLike Sinatra, they did it their way; What were the real delinquency rates?; More creative accounting; Smoke and mirrors; Epilogue; Chapter 6: Fannie and Freddie's junk loan orgy; Paul's Principle, explained; What are subprime loans?; The junk loan orgy; F & F paid top dollar for subprime; Purchases of subprime were leveraged; The Fannie and Freddie apologists and their logic errors; Ed Pinto: A man completely vindicated; Chapter 7: More subprime promotion by Fannie and Freddie; Fannie and Freddie promoted brokers over banks; They got cozy with subprime aggregators They were cheerleaders for subprimeF & F designed the subprime loans of private lenders; Fannie and Freddie misled the market about subprime; F & F redefined "conforming" to include subprime; The GSEs fought predatory lending laws; A brief history of F & F, subprime, and politics; Chapter 8: The Community Reinvestment Act (or Dr. Jekyll and Mr. Hyde); What is the Community Reinvestment Act and how did it change?; The government refuses to produce reliable CRA data; What is the best estimate of CRA's impact on the crisis?; What torture teaches us about the CRA Chapter 9: Fed policy is a secondary cause of the crisisThe deflation argument; Exactly when did the housing bubble start?; Can the U.S. Federal reserve cause a world-wide bubble?; Fed policy doesn't affect long-term rates?; The two bubble factors: monetary policy and subprime; Epilogue: Transcripts show a clueless Federal Reserve; Part Two: Resistance to subprime broke down; Chapter 10: Securitization -- Who needs it?; A brief history of securitization; Was our 40-year securitization experiment a success?; Mechanics of mortgage loan securitization Financial crises United States History 21st century. Recessions United States History 21st century. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Récessions États-Unis Histoire 21e siècle. Crise financière mondiale, 2008-2009. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic history fast Economic policy fast Financial crises fast Recessions fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2009003683 http://id.loc.gov/authorities/subjects/sh2001004604 http://id.loc.gov/authorities/subjects/sh2001008758 (OCoLC)fst01755654 http://id.loc.gov/authorities/genreForms/gf2014026165 |
| title | Who really drove the economy into the ditch? / |
| title_auth | Who really drove the economy into the ditch? / |
| title_exact_search | Who really drove the economy into the ditch? / |
| title_full | Who really drove the economy into the ditch? / Joseph Fried. |
| title_fullStr | Who really drove the economy into the ditch? / Joseph Fried. |
| title_full_unstemmed | Who really drove the economy into the ditch? / Joseph Fried. |
| title_short | Who really drove the economy into the ditch? / |
| title_sort | who really drove the economy into the ditch |
| topic | Financial crises United States History 21st century. Recessions United States History 21st century. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Récessions États-Unis Histoire 21e siècle. Crise financière mondiale, 2008-2009. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic history fast Economic policy fast Financial crises fast Recessions fast |
| topic_facet | Financial crises United States History 21st century. Recessions United States History 21st century. Global Financial Crisis, 2008-2009. United States Economic conditions 2001-2009. United States Economic policy 2001-2009. Récessions États-Unis Histoire 21e siècle. Crise financière mondiale, 2008-2009. États-Unis Conditions économiques 2001-2009. États-Unis Politique économique 2001-2009. BUSINESS & ECONOMICS Economic Conditions. BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics Comparative. POLITICAL SCIENCE Economic Conditions. Economic history Economic policy Financial crises Recessions United States Reference works History Reference works. Ouvrages de référence. |
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