An updated and revised look at the truth behind America's housing and mortgage bubbles In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just unregulated loan brokers and con artists, but also investment bankers and home loan institutions traditionally perceived as completely trustworthy. Chain of Blame chronicles this incredible disaster, with a specific focus on the players who participated in such a fundamentally flawed fiasco. In it, authors Paul Muolo and Mathew Padilla reveal the truth behind how this crisis occurred, including what individuals and institutions were doing during this critical time, and who is ultimately responsible for what happened. Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies ahead Discusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime mess Intriguing and informative, Chain of Blame is a compelling story of greed and avarice, one in which many are responsible, but few are willing to admit their mistakes.
The book is an analysis of the controversial Emergency Economic Stabilization Act and explains in easy to understand language what the bailout bill means for individuals. $700 Billion Bailout answers questions such as: What does the bill say, exactly? Who is making decisions about how the $700 billion will be spent, and what does it mean now that the government is investing directly in our banks? Who’s footing the bill? What is the impact on homeowners, businesses, retirement, and taxes? Where do I put my money in the meantime? Veteran reporter Paul Muolo shows both the challenges and opportunities of the credit crisis and proposed bailout, including its impact on: Mortgages: While rates may be lower, there will be more fees imposed on mortgages. Lenders will be far more cautious in lending, and people who cannot meet their mortgages are likely to lose these homes. This may create a “contrarian” plays in foreclosures and vacation homes.. Stocks and Other Investments: Is now the time to get into the stock market or is it safer to stick with CDs, bonds, and gold? Taxes: With the tax breaks, there will be less tax revenue leading to a huge shortfall to the government over the next few years. He will offer insight into these areas and many others, including how the structure of the bailout bill allows for unprecedented authority that has altered the financial landscape, perhaps permanently. Will the plan work, and how we can prevent this from happening again remains to be seen, but with $700 Billion Bailout Paul Muolo gives us a critical tool for deciphering perhaps the most sweeping piece of legislation since the Patriot Act.
New York Times Bestseller: A history of the S&L scandal that caused a financial disaster for American taxpayers: “Hard to put down” (Library Journal). For most of the 20th century, savings and loans were an invaluable thread of the American economy. But in the 1970s, Congress passed sweeping financial deregulation at the insistence of industry insiders that allowed these once quaint and useful institutions to spread their taxpayer-insured assets into new and risky investments. The looser regulations and reduced federal oversight also opened the industry to an army of shady characters, white-collar criminals, and organized crime groups. Less than 10 years later, half the nation’s savings and loans were insolvent, leaving the American taxpayer on the hook for a large hunk of the nearly half a trillion dollars that had gone missing. The authors of Inside Job saw signs of danger long before the scandal hit nationwide. Decades after the savings and loan collapse, Inside Job remains a thrilling read and a sobering reminder that our financial institutions are more fragile than they appear.
Class, Race, Gender and Crime Social Realities of Justice in America examines how class, race, and gender affect crime and justice in contemporary American society. To this end, the authors provide a detailed and nuanced portrait of the multi-layered social reality of crime, incorporating useful historical and contemporary examples as they analyze the twin problems of crime production and crime control.
For nearly 40 years, this classic text has taken the issue of economic inequality seriously and asked: Why are our prisons filled with the poor? Why aren’t the tools of the criminal justice system being used to protect Americans from predatory business practices and to punish well-off people who cause widespread harm? The Rich Get Richer shows readers that much that goes on in the criminal justice system violates citizens’ sense of basic fairness. It presents extensive evidence from mainstream data that the criminal justice system does not function in the way it says it does nor in the way that readers believe it should. The authors develop a theoretical perspective from which readers might understand these failures and evaluate them morally—and they to do it in a short and relatively inexpensive text written in plain language. New to this edition: Presents recent data comparing the harms due to criminal activity with the harms of dangerous—but not criminal—corporate actions Presents new data on recent crime rate declines, which are paired with data on how public safety is not prioritized by the U.S. government Updates statistics on crime, victimization, wealth and discrimination, plus coverage of the increasing role of criminal justice fines and fees in generating revenue for government Updates on the costs to society of white-collar crime Updates and deepened analysis of why fundamental reforms are not undertaken Streamlined and condensed prose for greater clarity
Illustrates the issue of economic inequality within the American justice system. The best-selling text, The Rich Get Richer and the Poor Get Prison contends that the criminal justice system is biased against the poor from start to finish. The authors argue that even before the process of arrest, trial, and sentencing, the system is biased against the poor in what it chooses to treat as crime. The authors show that numerous acts of the well-off--such as their refusal to make workplaces safe, refusal to curtail deadly pollution, promotion of unnecessary surgery, and prescriptions for unnecessary drugs--cause as much harm as the acts of the poor that are treated as crimes. However, the dangerous acts of the well-off are almost never treated as crimes, and when they are, they are almost never treated as severely as the crimes of the poor. Not only does the criminal justice system fail to protect against the harmful acts of well-off people, it also fails to remedy the causes of crime, such as poverty. This results in a large population of poor criminals in our prisons and in our media. The authors contend that the idea of crime as a work of the poor serves the interests of the rich and powerful while conveying a misleading notion that the real threat to Americans comes from the bottom of society rather than the top. Learning Goals Upon completing this book, readers will be able to: Examine the criminal justice system through the lens of the poor. Understand that much of what goes on in the criminal justice system violates one’s own sense of fairness. Morally evaluate the criminal justice system’s failures. Identify the type of legislature that is biased against the poor.
New York Times Bestseller: A history of the S&L scandal that caused a financial disaster for American taxpayers: “Hard to put down” (Library Journal). For most of the 20th century, savings and loans were an invaluable thread of the American economy. But in the 1970s, Congress passed sweeping financial deregulation at the insistence of industry insiders that allowed these once quaint and useful institutions to spread their taxpayer-insured assets into new and risky investments. The looser regulations and reduced federal oversight also opened the industry to an army of shady characters, white-collar criminals, and organized crime groups. Less than 10 years later, half the nation’s savings and loans were insolvent, leaving the American taxpayer on the hook for a large hunk of the nearly half a trillion dollars that had gone missing. The authors of Inside Job saw signs of danger long before the scandal hit nationwide. Decades after the savings and loan collapse, Inside Job remains a thrilling read and a sobering reminder that our financial institutions are more fragile than they appear.
Instead of just describing social problems, this book helps students develop active critical thinking skills through evaluating and analyzing readings from social scientists and journalists on major social problems. The authors goal is to teach students to be lifelong critical consumers of journalistic and social scientific accounts of all kinds of social problems.
The book is an analysis of the controversial Emergency Economic Stabilization Act and explains in easy to understand language what the bailout bill means for individuals. $700 Billion Bailout answers questions such as: What does the bill say, exactly? Who is making decisions about how the $700 billion will be spent, and what does it mean now that the government is investing directly in our banks? Who’s footing the bill? What is the impact on homeowners, businesses, retirement, and taxes? Where do I put my money in the meantime? Veteran reporter Paul Muolo shows both the challenges and opportunities of the credit crisis and proposed bailout, including its impact on: Mortgages: While rates may be lower, there will be more fees imposed on mortgages. Lenders will be far more cautious in lending, and people who cannot meet their mortgages are likely to lose these homes. This may create a “contrarian” plays in foreclosures and vacation homes.. Stocks and Other Investments: Is now the time to get into the stock market or is it safer to stick with CDs, bonds, and gold? Taxes: With the tax breaks, there will be less tax revenue leading to a huge shortfall to the government over the next few years. He will offer insight into these areas and many others, including how the structure of the bailout bill allows for unprecedented authority that has altered the financial landscape, perhaps permanently. Will the plan work, and how we can prevent this from happening again remains to be seen, but with $700 Billion Bailout Paul Muolo gives us a critical tool for deciphering perhaps the most sweeping piece of legislation since the Patriot Act.
An updated and revised look at the truth behind America's housing and mortgage bubbles In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just unregulated loan brokers and con artists, but also investment bankers and home loan institutions traditionally perceived as completely trustworthy. Chain of Blame chronicles this incredible disaster, with a specific focus on the players who participated in such a fundamentally flawed fiasco. In it, authors Paul Muolo and Mathew Padilla reveal the truth behind how this crisis occurred, including what individuals and institutions were doing during this critical time, and who is ultimately responsible for what happened. Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies ahead Discusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime mess Intriguing and informative, Chain of Blame is a compelling story of greed and avarice, one in which many are responsible, but few are willing to admit their mistakes.
This detailed guide from the authors of Inside Job shows investors on any level how to find, assess and buy from the US Government the billions of dollars of assets seized from failed savings and loans. The bank crisis has left the Government holding more than 400 billion dollars in assets.
Good Day! , the critically-acclaimed biography about the legendary Paul Harvey, is now in paperback! In this heartwarming book, author Paul J. Batura tells the all-American story of one of the best-known radio voices in history. From his humble beginnings to his unparalleled career of more than 50 years with ABC radio, Paul Harvey narrated America's story day by day, through wars and peace, through the threat of communism and the crumbling of old colonial powers, through consumer booms and eventual busts.
Paul Robeson, despite being one of the greatest Renaissance figures in American history, still remains in relative anonymity. An exceptional scholar, lawyer, athlete, stage and screen actor, linguist, singer, civil rights and political activist, he performed brilliantly in every professional enterprise he undertook. Any serious treatment of civil rights history and radical politics as well as American sports, musical, theatrical, and film history must consider the enormous contributions of Paul Robeson. And yet, Paul Robeson remains virtually unknown by millions of educated Americans. People typically know him for only one, if any, of the major successes of his life: the concert singer best known for “Old Man River,” the star of Shakespeare’s Othello on Broadway in the early 1940s, the political activist blacklisted for his radical views and activism during the era of McCarthyism in the 1950s. Paul Robeson For Beginners demystifies and bestows light and long overdue credence to the life of this extraordinary American.
In this candid and sometimes controversial autobiography, the late former SEnator Paul Simon sheares his insights into the activities of President Clinton and other politicians as well as his views on international affairs.
During his lifetime, Paul Solomon was considered to be one of the foremost teachers of human potential and was recognised internationally as a powerful, dynamic speaker and a leading authority on all aspects of spiritual development. This book is comprised of the readings the Paul gave during the period of October 13, 1991-May 28, 1992.
The long-awaited, untold, inside story of the rise of the legendary actor, singer, scholar, and activist. The first volume of this major biography breaks new ground. The greatest scholar-athlete-performing artist in U.S. history, Paul Robeson was one of the most compelling figures of the twentieth century. Now his son, Paul Robeson Jr., traces the dramatic arc of his rise to fame, painting a definitive picture of Paul Robeson's formative years. His father was an escaped slave; his mother, a descendent of freedmen; and his wife, the brilliant and ambitious Eslanda Cardozo Goode. With a law degree from Columbia University; a professional football career; title roles in Eugene O'Neill's plays and in Shakespeare's Othello; and a concert career in America and Europe, Robeson dominated his era. This unprecedented biography reveals the depth of Robeson's cultural scholarship, explores the contradictions he bridged in his personal and political life, and describes his emergence as a symbol of the anticolonial and antifascist struggles. Filled with previously unpublished photographs and source materials from the private diaries and letters of Paul and Eslanda Robeson, this is the epic story of a forerunner who now stands as one of America's greatest heroes.
This book opens from the viewpoint of a four year old child who sees his father leave to fight in World War II and how it affects him. After the war our family moves into a new subdivision made up of all manner of WW II vets. Our house neighbored a five acre dairy farm. When the farm owner dies, the widow makes a bad decision that causes an invasion of rats. After a battle with the rats, the widow begins boarding horses which we were allowed to ride in exchange for caring for them. Our family fell into hard times in the mid-50's, the house was sold, and a move took place to a rural town (Arnold, Mo). The move occurred at a time which placed the author in a unique historical event, the graduation of Fox High School's very first senior class. After Graduation the author served three years in the U.S. Army, twenty six months of it in Germany. He was in Germany when the Berlin Wall was built It was also while the author was in Germany that the he received Jesus Christ as Savior. This book goes on to show what a Radical and beautiful change that Jesus makes in the Author's life to give it meaning and purpose.
For the past two years Pope Francis has enchanted and bewildered the world in equal measure with his compassion and his contradictions. Expanding greatly on his acclaimed earlier book Pope Francis: Untying the Knots, Paul Vallely reexamines the complex past of Jorge Mario Bertoglio and adds nine new chapters, revealing many untold, behind-the-scenes stories from his first years in office that explain this Pope of paradoxes. Vallely lays bare the intrigue and in-fighting surrounding Francis's attempt to cleanse the scandal-ridden Vatican Bank. He unveils the ambition and arrogance of top bureaucrats resisting the Pope's reform of the Roman Curia, as well as the hidden opposition at the highest levels that is preventing the Church from tackling the sex abuse crisis. He explains the ambivalence of Pope Francis towards the role of women in the Church, which has frustrated American Catholic women in particular. And Vallely charts the battle lines that are being drawn between Francis and conservatives and traditionalists talking of schism in this struggle for the soul of the Catholic Church. Consistently Francis has show a willingness to discuss issues previously considered taboo, such as the ban on those who divorce and remarry receiving Communion, his liberal instincts outraging traditionalists in the Vatican and especially in the Church hierarchy in the United States. At the same time, many of his statements have reassured conservative elements that he is not, in fact, as radical as he might appear.Behind the icon of simplicity that Pope Francis projects is a steely and sophisticated politician who has learned from the many mistakes of his past. The Pope with the winning smile was previously a bitterly divisive figure. In his decade as leader of Argentina's Jesuits left that religious order deeply split. His behavior during Argentina's Dirty War, when military death squads snatched innocent people from the streets, raised serious questions. Yet after a period of exile and what he has revealed as 'a time of great interior crisis' he underwent an extraordinary transformation - on which Vallely sheds new and fascinating light. The man who had been a strict conservative authoritarian was radically converted into a listening participative leader who became Bishop of the Slums, making enemies among Argentina's political classes in the process. Charting Francis's remarkable journey to the Vatican and his first years at work there, Paul Vallely has produced a deeply nuanced and insightful portrait of perhaps the most influential person in the world today. 'Pope Francis,' he writes, 'has not just demonstrated a different way of being a pope. He has shown the world a different way of being a Catholic.
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