Tag Archives: house of cards

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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The 40-Year Mortgage

It’s as American as mom, apple pie and Superman. But is it a good idea? As you expect, the answer is individual and depends on many factors. Andrew Housser reports: Once upon a time, people only owned land they bought … Continue reading

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