Category Archives: Books

How Capitalism Will Save Us

On Dec. 14, 2009, Dennis Prager interviewed Steve Forbes about his new book, “How Capitalism Will Save Us.” Steve: “When you look at economic disasters, it wasn’t some sudden failure of free people and free markets that caused the disasters, … Continue reading

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Economist Thomas Sowell Examines The Housing Boom & Crash

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Read On For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. … Continue reading

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Racial Discrimination In Mortgage Lending

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading

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Stupid Solutions To The Housing Crisis

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Several senators such as Barbara Boxer want to allow judges to modify loans on principal residences. Why would lenders lend money to people in the … Continue reading

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Why The Housing Boom Went Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that “the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading

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‘Busted: Life Inside The Great Mortgage Meltdown’ By Edmund L. Andrews

Check out the book on Amazon.com. Edmund L. Andrews writes that nobody duped him. He duped himself. He had covered all sorts of financial meltdowns as an economics reporter for the New York Times, but when he bought a home … Continue reading

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What Caused The Housing Boom & Bust?

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. From 2000 to 2005, the average home price in the United States increased by one-third. Millions of Americans began using their homes as ATMs, getting … Continue reading

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Two New Books On The Mortgage Crisis Reviewed In Sunday’s New York Times

One guy who signed on for a mortgage he could not handle was a New York Times economics writer. His new book is called BUSTED. Alyssa Katz has published, Our Lot: How Real Estate Has Come To Own Us. Katz … Continue reading

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William D. Cohan’s New Book: House of Cards: A Tale of Hubris and Wretched Excess on Wall Street

Click here to see the book on Amazon.com. Bear Stearns and Lehman Brothers had huge investments in securities backed by home mortgages, a market with rising defaults and collapsing home values. Unlike banks, which loans out money it gets from … Continue reading

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‘Confessions of a Subprime Lender’

I’m reading Richard Bitner’s book, “Confessions of a Subprime Lender: An Insider’s Tale of Greed, Fraud, and Ignorance.” The author started his own subprime lending company, Kellner Mortgage Investments, in 2000 and at its peak, it did about $250 million … Continue reading

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