How We Got Here

How We Got Here

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In this Penguin eSpecial, 'The Complete Idiot's Guide to the Financial Crisis' is being written this very moment as the crisis continues to unfold. Part One in this ongoing series, 'How We Got Here', is available to you now exclusively in electronic format. Part One begins with a chapter titled 'What the Crisis Means for You Right Now' that offers practical ideas, strategies and advice that you can use to prepare for and respond to the changing economic environment. Part One also features chapters about the housing bubble, the credit crunch, and the ensuing financial bailouts. The author of 'The Complete Idiot's Guide to the Financial Crisis' will continue to cover America's evolving financial and economic turmoil in the coming months, so stay tuned for future installments to the series. This ground-breaking format combines timely reporting with deeper analysis and a broader perspective than can be found in the newspaper or on the radio, TV, and internet.the equity in their home with a new mortgage for a higher amount than they owe on their existing mortgage. ... But they and the lenders started doing deals with no money down, no income verification, and unrealistic teaser rates, and those mortgages were ... Fannie Mae and Freddie Mac buy primary mortgage loans ( meaning no equity lines of credit or second mortgages) to hold in their portfolios or toanbsp;...

Title:How We Got Here
Author:Tom Gorman
Publisher:Penguin - 2009-03-31


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