This cautionary tale explains how the murky and complex world of mortgage finance caused a global market meltdown―and offers new insights on how to create a stronger world of banking and mortgage finance.
Mr. England writes about the financial crisis with harrowing precision.
-- Daniel Henninger, deputy editorial page director, columnist, Wall Street Journal
First Reckless Endangerment and now it is Black Box Casino's turn to shine a bright light on the root causes of the mortgage meltdown. England, relying on decades of experience as a financial reporter and consummate research skills, documents how government housing policy, political expediency, and crony capitalism combined to cause the mortgage meltdown that nearly sank the world’s economy.
-- Ed Pinto, former chief risk officer of Fannie Mae
Drawing upon sources not available to previous writers, England presents the most complete account yet of how the collapse of an obscure subprime mortgage lender in January 2007 could eventually take down some of the greatest names on Wall Street by September 2008, wreaking massive economic destruction that Americans are still struggling with today.
-- Kenneth Cline, managing editor, Banking Strategies Magazine
Top 10 Investment Banking Book.
Ozymandias Citation Here.
Johns Hopkins Lecture Here.
Douglas French Column Here.
MoneyTalk with Bob Brinker Here.
Interviewed by Phil Hall Here.
Chris Whalen Book Review Here.
Where to Order the Book:
Praeger (ABC-CLIO): http://www.abc-clio.com/product.aspx?id=2147508857
Barnes & Noble: http://www.barnesandnoble.com/s/black-box-casino