Ebook Crash Me Once, Shame on You... Crash Me Twice, Shame on Me!, by Robert W Lindner
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Crash Me Once, Shame on You... Crash Me Twice, Shame on Me!, by Robert W Lindner
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You watched with glee as the economy thrived and your home value skyrocketed. You watched in horror as it all came crashing down. You looked to the news for answers, only to hear gobbledygook about toxic assets, derivatives and asset backed securities. You watched as banks collapsed, industries shut down and the government started borrowing your grandchildren’s money to bail them out. All the while you wondered, What the Hell just happened? The author gives a short (only 18 pages) simplified explanation for the ordinary American, identifying his view of the causes and how they came together, and, more importantly, how they may come together again if changes are not made.
- Sales Rank: #1482192 in eBooks
- Published on: 2013-02-19
- Released on: 2013-02-19
- Format: Kindle eBook
Most helpful customer reviews
1 of 1 people found the following review helpful.
Nicely done
By Yves
I just read your pamphlet upon your recommendation today after reading one of your post on another site.
Yes, I think you explained very well how the situation evolved in various phases and the contributing elements in each phase.
I like your succint description of each element and their interactions. It shows clearly that economists simply cannot predict the behavior of humans. Same for the politicians. Wanting to make housing more affordable is laudable, but the consequences were dire.
It is always the same. A law is introduced, rules and regulations implemented but nobody monitoring anything but the main intent of the law. Nobody monitoring peripheral effects, always termed "unintended consequences". You described such very well. And so, I agree with you. It will happen again.
I like your "....price of the Seller is the sales price for the Buyer is the monthly payment". Indeed! Quite a difference
Finally, I am not in favor of your final recommendation. I will not sell my house and call my investment brooker under any circumstances.
Your pamphlet should be distributed in Economics 101.
1 of 1 people found the following review helpful.
All people with a mortgage should have some basic knowledge on areas touched on in this book.
By LawAbidingCitizen
An easy read for those of us with poor knowledge on the basic causes of the crash. Will need to watch "Inside Job" again, could be further ammunition as to what assisted the crash. Would be interesting if there was a comparison between America and other countries in regards to the key points raised.
Here in Australia the government is for the second time looking at increasing the amount of money banks have to have in reserve.
0 of 0 people found the following review helpful.
Easy to understand.
By Sammy Garofalo
I read this and it helped me understand things I see on the news. I'm not a banker, so I have no idea if this guy is right, but what he says makes sense and I know what I am going to look for in the news and when it comes I am going to protect myself. Not like last time. Hey, whether he was right or wrong, it did not take days to read and best of all, it was only a buck!
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