Friday 18th of May 2012

Black Box Casino PDF Print E-mail

Tom LaMalfa Review Here & Here.

Johns Hopkins Lecture Here.

Douglas French Column Here.

MoneyTalk with Bob Brinker Here.

Real Estate Radio Show with Bruce Norris Here & Here.

Interview with Phil Hall Here. 

Chris Whalen Book Review Here.

Book Cover

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book Cover Quotes: 

 

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

 

Book Events:

 

COMING EVENTS

 

 

CLASSROOM LECTURE

John Hopkins University, Carey School of Business
Fall 2012
Washington, D.C. Center at 1625 Massachusetts Avenue
Class members only

 

 

PAST EVENTS

 

BOOK RELEASE:

September 30, 2011: Black Box Casino Published by ABC-CLIO of Santa Barbara, California, under the Praeger Imprint. 

 

BOOK PREMIERE:

Chicago

October 10, 2011,6 to 8 p.m.: Mortgage Bankers Association 98th Annual Convention & Expo, Hyatt Regency Chicago, West Tower, Gold Level, Hong Kong Room, 6 to 8 p.m.

See YouTube Video of Presentation at this link: http://www.youtube.com/watch?v=lv0jv-C0iWE 

 

BOOK LAUNCH

Chicago 

October 11, 2011, 6 to 7:30  p.m.: Barnes & Noble, DePaul Center, Loop, 1 E. Jackson Blvd., Chicago, IL 60604. 312-362-8792  

  
BOOK SIGNING

Milton, Delaware (Sussex County)

November 5, 2011, 3 p.m.: Presentation, Book Signing, and Refreshments, Federal Street Gallery, 108 Federal Street, Milton, Delaware 19968 Phone: 302 684-1055

 

BOOK PARTY AND SIGNING

Washington, D.C.

November 10, 2011, 6 pm to 8 pm: Talk, Book Signing and Cocktail Party, Private Residence, Foxhall neighborhood, Washington, D.C.

 

 

Q&A PERSON OF THE WEEK INTERVIEW

MortgageOrb.com

December 13, 2011: Q&A Interview to be published at http://mortgageorb.com/new_home.php as part of the website's Person of the Week interview series. 
 
 
RADIO TALK SHOW GUEST

The Norris Group's Real Estate Radio Show, KTIE 650 AM Riverside, California, and via Podcast

Saturday, December 24 and Saturday, December 31, 6:00 pm to 6:30 pm Pacific time. Bruce Norris, host of the The Real Estate Radio Show, will interview Mr. England December 19 for subsequent radio and podcast broadcasting.

Listen to Recording of December 24 Show at this Link

Listen to Recording of December 31 Show at this Link 

Home Page of The Norris Group Real Estate Radio Show at this Link

 

RADIO TALK SHOW GUEST

Bob Brinker's MoneyTalk ABC Syndicated Radio Network

January 1, 2012, 6:15 pm to 6:50 pm Eastern Standard Time. Broadcast from Littleton, Colorado, MoneyTalk is heard on over 300 stations. Participating ABC stations are located in Washington, D.C., Boston, Pittsburgh, Dallas, Portland, San Francisco, Denver, Chicago, Kansas City, Las Vegas, Phoenix, Tampa, Atlanta, Spokane, Richmond, Rehoboth Beach, Delaware, etc. See complete list of syndicated stations at this link: http://www.bobbrinker.com/radio.asp  

The show can also be heard by live streaming on the Internet for only $4.95 a month; sign up at this site: http://www.bobbrinker.com/MOD.asp 

It can also be heard worldwide free online at WMAL (Washington, D.C.) at 9:15 pm and continuing to 9:50 pm. Listen at this link: http://www.wmal.com/Article.asp?id=632848  

 

COLLATERAL RISK NETWORK MEETING

Hyatt Regency Hotel, Fort Lauderdale, Florida

January 25, 2012, Hyatt Regency Pier 66, 2301 SE 17th Street Causeway, Ft. Lauderdale, FL 33316, 1-954-728-6666.

http://www.collateralrisknetwork.com/PDFs/CRN-Agenda-FtLauderdale01252012.pdf

 

BOOK TALK AND SIGNING

Seaside Jewish Community Center, Rehoboth Beach, Delaware

February 16, 2012, 7:15 pm, 18970 Holland Glade Rd, Rehoboth Beach, DE  1997. Phone: (302) 226-8977

 

REAL ESTATE RESEARCH COUNCIL OF SOUTHERN CALIFONRIA

California Polytechnic University, Pomona, California

March 7, 2012, Luncheon Meeting

Agenda: 11:30 - 12:00 Registration & Social

    12:00 - 1:40 Lunch & Meeting

Place: Kellogg West, California State Polytechnic University, 3801 West Temple Avenue, Pomona, California

 

CLASSROOM LECTURE

John Hopkins University, Carey School of Business
April 19, 6 pm
Washington, D.C. Center at 1625 Massachusetts Avenue
Class members only

 

 

News, Reviews and Citations: 

 

Featured in Column

Casino Wall Street By Navin Doshi

Nalanda International May 2012 

Read column here

 

Book Review

Readers who want to understand the causal link between mortgages and the financial crisis will find it revealed in Black Box.

-- Tom LaMalfa, Mortgage Banking Magazine, April 2012

Read full review here

 

Wall Street Math

In a column at the Ludwig Von Mises Institute website, Doug French writes:

Robert Stowe England, in his book Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance, says Li's model "relied on the price history of credit default swaps against a given asset to determine the degree of correlation rather than rely on historical loan performance data."

"People got very excited about the Gaussian copula because of its mathematical elegance," says Nassim Nicholas Taleb, "but the thing never worked." Taleb, the author of The Black Swan, claims any attempt to measure correlation based on past history to be "charlatanism."

Subprime mortgages were bundled to become collateralized mortgage obligations (CMOs), which are a form of collateralized debt obligation(CDO). CDOs weren't new; the first rated CDO was assembled by Michael Milken in 1987. But instead of a mixture of investment-grade and junk corporate bonds, in the housing bubble, CDOs were rated AAA based upon Li's work.

Mr. England wryly points out, "A cynic might say that the CDO was invented to create a place to dump lower credit quality or junk bonds and hide them among better credits."

England quotes Michael Lewis, author of The Big Short: "The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America." For Wall Street it was a machine that "turned lead into gold."

Wall Street's CDO mania served to pump up investment-bank leverage. England explains that if level-3 securities were included (level-3 assets, which include CDOs, cannot be valued by using observable measures, such as market prices and models) then Bear Stearns sported leverage of 262 to 1 just before the crash. Lehman was close behind at 225, Morgan Stanley at 222, Citigroup at 212, and Goldman Sachs was levered at 200 to 1.

Leverage like that requires either perfection or eventual government bailout for survival.

The CDO market created the need for a way to bet against the CDOs and the credit-default-swap (CDS) market was born. Bundling the CDS together created synthetic CDOs. "With synthetic CDOs, Wall Street crossed over to The Matrix," writes England, "a world where reality is simulated by computers."

It's England's view that the CDO market "was the casino where the bets were placed. Wall Street became bigger and chancier than Las Vegas and Atlantic City combined — and more." According to Richard Zabel, the total notional value of the entire CDS market was $45 trillion by the end of 2007, at the same time the bond and structured vehicle markets totaled only $25 trillion.

So the speculative portion of the CDS market was at least $20 trillion with speculators betting on the possibility of a credit event for securities not owned by either party. England does not see this as a good thing. It's Mr. England's view that credit default swaps concentrated risk in certain financial institutions, instead of disbursing risk.

In "Credit Default Swaps from the Viewpoint of Libertarian Property Rights and Contract Credit Default Swaps Theory," published in Libertarian Papers, authors Thorsten Polleit and Jonathan Mariano contend, "The truth is that CDS provide investors with an efficient and effective instrument for exposing economically unsound and unsustainable fiat money regimes and the economic production structure it creates."

Polleit and Mariano explain that credit default swaps make a borrower's credit risk tradable. CDS is like an insurance policy written against the potential of a negative credit event. These derivatives, while being demonized by many observers, serve to increase "the disciplinary pressure on borrowers who are about to build up unsustainable debt levels to consolidate; or it makes borrowers who have become financially overstretched go into default."

Mr. England concludes his book saying, "We need a way forward to a safer, sounder financial system where the power of sunlight on financial institutions and markets helps enable free market discipline to work its invisible hand for the good of all." 

-- Ludwig von Mises Institute, April 6, 2012 

Click here.

-- Column published by Townhall.com Finance, April 9, 2012  

Click here

-- Column published by The Rational Argumentator blog, April 12, 2012

Click here.

 

 

Books Bought by Big Picture Readers

Number 5 in the most popular books at The Big Picture in December 2012 

-- Barry Ritholtz, January 3, 2012 

http://www.ritholtz.com/blog/2012/01/books-bought-by-big-picture-readers-december-2011/ 

 

Book Review by Bank Accounts Online

Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance is organized around three broad factors critical to understanding the causes of the financial crisis of 2007 and 2008. Those factors, treated in depth in this far-ranging and incisive study, are the role of new capital standards adopted in 2001; the role of Fannie Mae and Freddie Mac in the vast expansion of risky lending; and the rise of risk-taking by investment banking firms.

Through its examination, Black Box Casino sheds light on the shadow world of finance that grew to rival regulated commercial banks in size and scope. It looks at how losses could accumulate undetected and how regulators, captive to the firms they were regulating, were blinded to the risks growing exponentially throughout the financial system, and exposes the lobbyists who prevented scrutiny of the system. Finally, the book looks at the future of mortgage finance and free markets to determine how such a crisis can be prevented from happening again.

-- Bank Accounts Online, December 27, 2011

http://www.bankdynamic.com/reference/black-box-casino-how-wall-streets-risky-shadow-banking/  

 

 

MortgageOrb Person of the Week: Robert Stowe England

Phil Hall of MortgageOrb.com writes December 13, 2011:

It has been more than three years since the September 2008 financial crisis, and many people are still trying to piece together what went so horribly wrong. Veteran financial journalist Robert Stowe England has offered his insight on what happened with his new book, "Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance" (published by Praeger). MortgageOrb spoke with England about the circumstances that triggered the economic catastrophe.

Q: Was it possible that the 2008 financial crash could have been avoided? Or was this the financial services equivalent of a runaway train?

England: Both statements are true to some degree. There were so many vulnerabilities building up in the global financial system, it had, indeed, become a runaway train, while most did not yet realize that. Combine that with an ever-rising level of hidden bad credits and hidden bets and exposures, and a bad outcome was assured. In that sense, by 2005 or 2006, it was inevitable that we were headed for a train wreck. It was only a question of just how bad it was going to be.

There is a case to be made that certain actions could have prevented the coming crash from becoming the epic crisis it became. Admittedly, however, suggesting what might have been done to mitigate the expected outcome carries with it all the caveats one must make from hindsight bias.

Read more at this link.

 

 

As I noted in National Review: “A claim made by . . . Pearce, Campbell, and the accounting lobby is that internal-control audits are essential for fraud detection. Yet financial analysts looking at the subprime scandals in Sarbox’s wake have come to the almost opposite conclusion. 

“By requiring resources to be spent on auditing “internal controls” that were trivial for shareholders yet lucrative for auditors — such as employee passwords and possession of office keys — Sarbox Section 404 actually diverted attention away from ensuring accurate reporting of a company’s financial condition.”

Commenting on corporate misstatements during the mortgage bubble, respected analyst Janet Tavakoli had this to say on Sarbox to housing journalist Robert Stowe England in his new book “Black Box Casino”: “Sarbanes-Oxley did nothing. It didn’t work. It was a total waste.”

But who knows? Maybe Sarbox is doing exactly what its champion Jon Corzine wanted it to do!

-- John Berlau, Newsmax.com, December 9, 2011

http://www.newsmax.com/JohnBerlau/Enron-Sarbanes-Oxley-Sarbox-Corzine/2011/12/09/id/420515  

 

 

Commenting on corporate misstatements during the mortgage bubble, respected analyst Janet Tavakoli had this to say on Sarbox to housing journalist Robert Stowe England in his new book Black Box Casino: “Sarbanes-Oxley did nothing. It didn’t work. It was a total waste.” 

-- John Berlau, National Review, November 29, 2011 

http://www.nationalreview.com/articles/284269/republicans-sarbanes-oxley-john-berlau?pg=3  

 

To the Editor, New York Review of Books

I refer to the review by Jeff Madrick and Frank Partnoy of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon by Gretchen Morgenson and Joshua Rosner, who are two friends and colleagues. I also refer to the earlier article by Partnoy and Madrick, "Why Fannie and Freddie Are Not to Blame for the Crisis," July 13, 2011 http://www.nybooks.com/articles/archives/2011/oct/27/did-fannie-cause-disaster/ , as well as other comments supporting these Depression era housing finance agencies.

Partnoy is also a friend and colleague for whom I have great respect. He knows my views on the housing GSEs and their role in enabling the present predicament in the US and around the world. But as I wrote in a review of a new book on this very subject, Black Box Casino: How Wall Street’s Risky Shadow Banking Crashed Global Finance http://www.ritholtz.com/blog/2011/11/72246/ , the housing GSEs and the Wall Street banks are one and the same. Arguing about which did more harm is a frivolous waste of time by some very smart people. 

-- Chris Whalen, Letter to the Editor of the New York Review of Books, November 16, 2011

http://www.rcwhalen.com/pdf/nyrb.pdf

  

 

"A new book by journalist Robert England,  “Black Box Casino,” provides readers with the whole story of the housing disaster, which in turn led to the worst postwar recession ever. England notes that former Freddie executive Leland Brendsel, despite being forced to resign, walked off with $24 million, while Fannie’s Franklin Raines made off with $92 million." 

-- Carolyn Lochhead, "Below the Beltway" blog, San Francisco Chronicle and SF Gate, November 16, 2011 

http://blog.sfgate.com/nov05election/2011/11/16/president-gingrich/  

 

Chris Whalen's Review at The Big Picture:

In his new book Black Box Casino: How Wall Street’s Risky Shadow Banking Crashed Global Finance, Robert Stowe England provides some compelling data and analysis that adds to the collective understanding of the subprime crisis.  Leading analysts such as Barry Ritholtz, Josh Rosner, Gretchen Morgenson and Joe Nocera have been debating whether Washington or Wall Street owns the blame for “causation” in the subprime mess.  England approaches the crisis instead from a functional perspective that begins from the key central fact:  The housing GSEs and the Wall Street banks are one and the same. 

-- Christopher Whalen, November 11, 2011, Bookshelf at The Big Picture by Barry Ritholtz

http://www.ritholtz.com/blog/2011/11/72246/  

This review also ran on several other sites, including

-- San Francisco Chronicle (SFGate), November 11, 2001

http://finance.sfgate.com/hearst.sfgate/news/read/19947631/review

-- Forbes.com, November 16, 2011

http://specials.forbes.com/article/0aB3deQ37UcEV  


 

38 Best Investment Banking Books

No. 8. Black Box Casino: How Wall Street’s Risky Shadow Banking Crashed Global Finance, by Robert England

Do you know how the financial crisis came about?  Will you be able to discuss it with bankers in your interviews in great detail?  Well, if not, then get this book now, because you’ll emerge from the other side with the deepest of deep understandings of the financial crisis, and you’ll have reasoned answers and ideas that will blow bankers away come Superday time!  Plus England has managed to write about it all with great pace and skill, meaning this is not just a lesson you need to have, but one you will want to have.  Must reading for aspiring bankers.  PS Just don’t beat up on Wall Street as much as England does come interview time!

List of Books in Banker Porn Category:

1. Barbarians at the Gate: The Fall of RJR Nabisco, by Bryan Burrough and John Heylar

2. Monkey Business, by John Rolfe and Peter Troob

3. Liar’s Poker, by Michael Lewis

4. The Accidental Investment Banker: Inside the Decade That Transformed Wall Street, by Jonathan Knee

5. Damn It Feels Good To Be A Banker: And Other Balla Things You Only Get To Say If You Work On Wall Street, by Leveraged Sellout

6. Den of Thieves, by James Stewart

7. House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, by William Cohan

8. Black Box Casino: How Wall Street’s Risky Shadow Banking Crashed Global Finance, by Robert England

9. Too Big To Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System-And Themselves, by Andrews Sorkin

-- GetIntoInvestmentBanking.Com, November 8, 2011 

http://getintoinvestmentbanking.com/best-investment-banking-books/  

 

"Buy the book"

-- HousingWire Magazine, November 2011

 

Not only did Summers work tirelessly during his years in the Clinton Administration to undermine regulatory and prudential controls in our financial markets, but he joined Fed Chairman Alan Greenspan and his political sponsor, former Treasury Secretary Robert Rubin, and public paragon Arthur Levitt, in smearing CFTC Chairman Brooksley Born so as to make the world safe for OTC derivatives.

“The moratorium was a huge victory for Wall Street,” Robert Stowe England writes in his new book, Black Box Casino.  “And a big win for Rubin, Summers and Greenspan,” though he rightly notes that Levitt later expressed regrets over his actions.  But not Larry Summers, a man for whom ideology has never gotten in the way of the practical necessities at a given moment in time.  He rolls in his own mess, in political terms you understand, and then expects us to believe that it smells so very sweet.  The latest case in point is seen as Summer prescribes solutions to the housing crisis.

-- Christopher Whalen, "Is Larry Summers an Economic War Criminal?" Zero Hedge, October 25, 2011

http://www.zerohedge.com/contributed/larry-summers-economic-war-criminal  

 

Literary Events: Robert Stowe England; When: Tue., Oct. 11, 6 p.m. 2011; England signs Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance, posted online October 3, 2011; Barnes & Noble, DePaul Center LOOP 1 E. Jackson Blvd. phone 312-362-8792 depaul-loop.bncollege.com

-- Chicago Reader, October 11, 2011 

http://www.chicagoreader.com/chicago/robert-stowe-england/Event?oid=4797312 

 

England . . . recently wrote "Black Box Casino" to help try to make sense of what transpired [to bring about the financial crisis of 2008]. . . . "When you read this book, you'll have to watch your head because it'll be spinning," he said.

-- Melissa Steele, Cape Gazette, Lewes, Delaware, August 8, 2011

 

This isn’t Truman Capote’s true crime. It’s scarier because we’re all the victims.

-- Ragan Robinson, Gaston Gazette, Gastonia, North Carolina, July 14, 2001 

Story ran July 13 online: http://www.gastongazette.com/articles/box-59100-financial-burning.html%23ixzz1S6P5hVIH

 

 

Press Coverage of News Releases and YouTube Posts: 

 

Black Box Casino Author Casts Spotlight on Mad Max Follies Behind the 2008 Financial Crisis

MILTON, Del., Nov. 22, 2011 (SEND2PRESS NEWSWIRE) — Financial author Robert Stowe England turned a spotlight on the role of key institutions, policies, agencies and people in Washington and on Wall Street that pushed the financial system toward the mortgage meltdown and 2008 crisis in remarks at a book signing event Nov. 5 at the Federal Street Gallery in the historic town of Milton, Delaware.

England, an acclaimed financial journalist, has described the root causes of the crisis and the harrowing events that toppled institutions and markets in his new non-fiction financial thriller, “Black Box Casino: How Wall Street’s Risky Shadow Banking Crashed Global Finance” (ISBN: 978-0313392894; hardcover; Praeger). The author’s remarks have been posted at YouTube http://www.youtube.com/watch?v=BRZI5BvgPro 

Read more of this news release on the following and other websites:

-- Send2NewsWire, November 22, 2011

http://send2pressnewswire.com/2011/11/22/s2p5503_155518.php  

-- First Post -- Securities and Exchange Videos

http://www.firstpost.com/topic/organization/securities-and-exchange-commission-paul-atkins-congressional-tesitmony-on-improving-and-enhancing-the-sec-video-VvTTTm-zfyQ-186-1.html  

-- First Post -- Citigroup Videos

http://citizenwire.com/2011/11/22/ctw4048_095518.php  

-- BX Bloomberg Businessweek, November 22, 2011

http://bx.businessweek.com/business-of-banking/view?url=http%3A%2F%2Fsend2pressnewswire.com%2F2011%2F11%2F22%2Fs2p5503_155518.php  

-- BBC Wire, November 22, 2011

http://www.bbcwire.com/category/business/  

-- The Daily Globe, November 23, 2011

http://www.thedailyglobe.com/article/1879638/919-black-box-casino-author-casts-spotlight-on-mad-max-follies-behind-2008-financial-crisis-11-22-2011-4-24-pm 

-- Citizen Wire, November 23, 2011

http://citizenwire.com/2011/11/22/ctw4048_095518.php  

 

 

Black Box Casino Author's Remarks During Mortgage Bankers Conference Posted at YouTube, Shed Light on Occupy Wall Street Phenomenon

ARLINGTON, Va., Oct. 25, 2011 /PRNewswire via COMTEX/ -- Remarks by Black Box Casino author Robert Stowe England at this month's Mortgage Bankers Association (MBA) annual conference in Chicago detailing his exploration of how, in his words, "The story of the financial crisis is the story of mortgage banking," have been posted at YouTube (  ) . 

Read more of this news release on the following and other websites:   

-- Market Watch, October 25, 2011

www.marketwatch.com/story/black-box-casino-authors-remarks-during-mortgage-bankers-conference-posted-at-youtube-shed-light-on-occupy-wall-street-phenomenon-2011-10-25  

-- Wikio News Top Videos, October 25, 2011

http://www.wikio.com/video/writing-black-box-casino-robert-england-5858766?from=rss 

-- Road Runner, October 25, 2011

http://features.rr.com/article/08r92ri4Aw675?q=YouTube 

--  Send2PressNewswire.com "Featured Video Release", October 25, 2011

http://send2pressnewswire.com/  

-- eNewsChannels, Business, Entertainment and Technology News, October 25, 2011

http://enewschannels.com/tag/occupy-wall-street  

-- MoneyScience.com, October 25, 2011

http://www.moneyscience.com/pg/bookmarks/Admin/read/118773/the-collapse-of-lehman-brothers-how-it-happened 

 

 

The Writing of Black Box Casino by Robert Stowe England (embedded from YouTube at )

The YouTube video of Mr. England's presentation at the Hyatt Regency Hotel in Chicago on October 10, 2011, has been republished at the following websites, among others:

 

-- FatCatNewsVideo.com, October 12, 2011

http://fatcatnewsvideo.com/VideoDetail.aspx?assetId=lv0jv-C0iWE&pv=yt 

-- Hotel Chicago, October 13, 2011

http://forchicagohotels.com/   

-- Rate and Mortgage, October 13, 2011

http://rateandmortgage.com/rate-and-mortgage/the-writing-of-black-box-casino-by-robert-stowe-england/ 

-- Frequency Networks, frequency.com, October 25, 2011 

http://www.frequency.com/video/writing-of-black-box-casino-by-robert/20096925

 

 

Titan Lenders Corp., IDS Co-Sponsor Author Robert Stowe England's 'Black Box Casino' Event October 10 at MBA's 98th Annual Convention in Chicago

CHICAGO, Oct. 5, 2011 /PRNewswire/ -- Titan Lenders Corp. (TLC), a U.S.-based domestic mortgage fulfillment outsource company, and International Document Services (IDS), Inc., a mortgage document preparation vendor, are co-sponsoring financial author Robert Stowe England's book discussion and signing event for his recently released book Black Box Casino at the Mortgage Bankers Association's 98th Annual Convention and Expo in Chicago.  

The invitation-only signing will take place on Monday, Oct. 10 from 6 p.m. to 8 p.m. in the West Tower at the Hyatt Regency Chicago.

Read more of this release at this and many other web sites:

-- iStockAnalyst.com

http://www.istockanalyst.com/business/news/5460786/titan-lenders-corp-ids-co-sponsor-author-robert-stowe-england-s-black-box-casino-event-october-10-at-mba-s-98th-annual-convention-in-chicago

-- CitizenWire.com

http://citizenwire.com/2011/10/05/ctw3838_140309.php  

 

Author Robert Stowe England Premieres Forthcoming Book 'Black Box Casino' October 10 at MBA's 98th Annual Convention in Chicago

CHICAGO, Sept. 20, 2011 -- /PRNewswire/ -- Financial author Robert Stowe England will host a book discussion and signing event for his soon-to-be released tome "Black Box Casino" (ISBN: 978-0313392894) at the Mortgage Bankers Association's 98th Annual Convention and Expo in Chicago. The signing will take place on Oct. 10 from 6 p.m. to 8 p.m. in the East Tower at the Hyatt Regency Chicago.

Read more of this release, published at the following sites plus hundreds of others: 

-- Publisher's Newswire

http://publishersnewswire.com/2011/09/22/PNW2201_143832.php  

-- Bloomberg.com and Bloomberg Businessweek, September 20, 2011

http://bx.businessweek.com/business-books/author-robert-stowe-england-premieres-forthcoming-book-black-box-casino-october-10-at-mbas-98th-annual-convention-in-chicago/8513120002654361800-5457c43ea53ff780d1f57388a0ea2f3e/

-- News.Gnom.Es National News Service, September 21, 2011

Author Robert Stowe England Premieres Forthcoming Book 'Black Box ... 

-- World Book and News, September 20, 2011 

http://worldbookandnews.com/entertainment/books/161305-Author-Robert-Stowe-England-Premieres-Forthcoming-Book-Black-Box-Casino-October-10-at-MBAs-98th-Annual-Convention-in-Chicago.html 

--  Sacramento Bee, September 20, 2011

http://www.sacbee.com/2011/09/20/3925354/author-robert-stowe-england-premieres.html

-- WRCB-TV, Chattanooga, Tennessee, September 20,2011

http://www.wrcbtv.com/story/15509139/author-robert-stowe-england-premieres-forthcoming-book-black-box-casino-october-10-at-mbas-98th-annual-convention-in-chicago

 

 

Book Information Links: 

 

Book Description released May 15, 2011: http://mindovermarket.blogspot.com/2011/05/black-box-casino_15.html 

"Coming Soon" Press Release July 7, 2011, along with the endorsements that will appear on the cover dust jacket: http://mindovermarket.blogspot.com/2011/07/new-book-on-financial-crisis-black-box.html

 

 

Online Orders:

 

Praeger: http://www.abc-clio.com/product.aspx?id=2147508857

Amazon.com: http://www.amazon.com/Black-Box-Casino-Streets-Banking/dp/0313392897/ref=sr_1_6?ie=UTF8&qid=1305470614&sr=8-6

Amazon.com Top 100 in Banking Books: http://www.amazon.com/gp/bestsellers/books/2633/ref=pd_zg_hrsr_b_1_4_last 

Amazon.com Japan: http://www.amazon.co.jp/exec/obidos/ASIN/0313392897/hatena-be-22/ref=nosim

Amazon.com United Kingdom: http://www.amazon.co.uk/Black-Box-Casino-Streets-Banking/dp/0313392897/ref=sr_1_1?ie=UTF8&qid=1312213458&sr=8-1

Amazon.com Germany (Deutschland): http://www.amazon.de/Black-Box-Casino-Streets-Banking/dp/0313392897/ref=sr_1_4?s=books-intl-de&ie=UTF8&qid=1322936801&sr=1-4 

Nr. 11 in Englische Bücher > Business, Karriere & Geld > Finanzwesen > Banken & Bankwesen (December 3, 2011)

Nr. 46 in Englische Bücher > Business, Karriere & Geld > Populäre Wirtschaftswissenschaften (December 3, 2011)

Nr. 69 in Englische Bücher > Business, Karriere & Geld > Industriezweige & Berufe (December 3, 2011)

Barnes & Noble: http://www.barnesandnoble.com/s/black-box-casino

Books-A-Million: http://www.booksamillion.com/p/Black-Box-Casino/Robert-Stowe-England/9780313392894?id=5118801382422

netbookboard.inc: http://www.netbookboard.com/books_detail-0313392897.html  

Overstock.com: http://www.overstock.com/Books-Movies-Music-Games/Black-Box-Casino-Hardcover/5951113/product.html?TRACK=affcjfeed&PID=2707744&AID=10654384&CID=207442&fp=F

Buy.com: http://www.buy.com/prod/black-box-casino/q/loc/106/221403375.html

AllBookstores.com http://www.allbookstores.com/book/9780313392894 

ValoreBooks.comhttp://www.valorebooks.com/Search.DefineSearch.do  

Half.com on ebay: http://product.half.ebay.com/Black-Box-Casino-How-Wall-Streets-Risky-Shadow-Banking-Crashed-Global-Finance-by-Robert-England-2011-Hardcover/104223026&cpid=5000000012515

Booksprice.com (for the best price): http://www.booksprice.com/

bookdepository.com: http://www.bookdepository.com/

ecampus.com: http://www.ecampus.com/shoppingcart.asp?newused=N&count=1&action=add&AID=10641046&PID=1650064&ISBN=0313392897&referrer=cj&r=1&c=

freedeliverybookstore.com: http://freedeliverybookstore.com/search/?keywords=black+box+casino&categoryId=0

goodreads.com: http://www.goodreads.com/book/show/12247442-black-box-casino  

 

 

E-Book Online Orders:

 

Alibris for Google e-Book: 

http://www.alibris.com/booksearch?qsort=p&qisbn=9781123103762&binding=E&siteID=ncEI.GsPFAo-qBf3vbau8Ck0rG_3Ow4YRg

Booku.com: http://www.booku.com/Black-Box-Casino/Robert-Stowe-England/ebook_636298.htm 

Books-a-Million: http://www.booksamillion.com/p/Black-Box-Casino/Robert-Stowe-England/Q778224388?id=5118801382422

 

 

Available at These Bookstores:

 

(Note: Bookstores can submit their name and address and be listed below by sending an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .) 

 

 

United States

 

Nationwide Online Orders in Bookstores

Barnes & Noblehttp://www.barnesandnoble.com/s/black-box-casino

Books-A-Million: http://www.booksamillion.com/p/Black-Box-Casino/Robert-Stowe-England/9780313392894?id=5118801382422

Independent Book Stores, Indiebound.com: http://www.indiebound.org/book/9780313392894 

 

 

District of Columbia

Politics and Prose, 5015 Connecticut Ave., N.W., Washington, D.C. 20008 202-364-19193327 

http://www.politics-prose.com/book/9780313392894 

Illinois

Barnes & Noble, DePaul Center, Chicago, Loop, 1 E. Jackson Blvd., Chicago, IL 60604. 312-362-8792.

 

 

New York

Strand Bookstore, 828 Broadway, New York, NY 10003-4805. 212.473.1452  

http://www.strandbooks.com/investing/black-box-casino-how-wall-streets-risky-shadow-banking-crashed-global-finance  

 

Posman's Bookstore, Three Locations, New York City:

Grand Central Terminal, 9 Grand Central Termina, New York, NY 10017 Phone: 212.983.1111

Chelsea Market, 75 9th Avenue, New York NY 10011 Phone: 212.627.0304

Rockefeller Center, 30 Rockefeller Plaza, Concourse Level, New York, NY 10112

http://www.posmanbooks.com/book/9780313392894#relatededition 

 

 

North Carolina

Barnes & Noble, Charlotte, 3327 Pineville-Matthews Road, Charlotte, NC 28226 704-341-9365

Oregon

Powell's City of Books, Portland and Beaverton, at these locations: 

Main Location: 1005 W Burnside, Portland, OR 97209

Powell's Books No. 2, 40 NW 10th Avenue, Portland, OR 97209 

Powell's Books at Cedar Hills Crossing, 415 SW Cedar Hills Blvd.Beaverton, OR 97005 

Powell's Books at Hawthorne, 3723 SE Hawthorne Blvd.Portland, OR 97214  

Powell's Books for Home and Garden, 3747 SE Hawthorne Blvd.Portland, OR 97214

Powell's Books at PDX, 7000 NE Airport Way - Suite 2250, Portland, OR 97218 

And online at : http://www.powells.com/biblio/62-9780313392894-2

 

Australia

 

Sydney

Boomerang Books

http://www.boomerangbooks.com.au/Black-Box-Casino/Robert-Stowe-England/book_9780313392894.htm 

 

Hong Kong

 

Wanchai

Paddyfield.com22/F, Easey Commercial Building, 253-261 Hennessy Road, Wanchai, Hong Kong. Phone 852 2511 4211

http://www.paddyfield.com/mainstore2/details.php?prod=9780313392894

 

India

 

New Delhi

Gaura Books India Pvt. Ltd., 152/10 Mohan Bhawan, Sarai Jullena, New Friends Colony, Okhla Road, New Delhi-110025. And online:  http://www.nbcindia.com/Descriptions.asp?6v6yr_vq=LLDGEID&Book=Black-Box-Casino-How-Wall-Streets-Risky-Shadow-Banking-Crashed-Global-Finance

 

Japan

 

Tokyo

The Blue Parrot English Books, Takadanobaba, 2-14-10 Takadanobaba, Shinjuku-ku, Obayashi Biru 3F, Tokyo 169-0075, Phone: (03) 3202-3671, Fax: (03) 3202-3671. E-mail:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it And online: http://www.blueparrottokyo.com/home.html 

 

 

Available at These Libraries:

 

(Note: Submit names of libraries that have Black Box Casino by sending an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .) 

 

 

Worldwide Search of Library Catalogs

WorldCat, The World's Largest Library Catalog 

http://www.worldcat.org/search?q=%22Black+Box+Casino%22  

 

 

Australia

 

New South Wales

 

State Library of New South Wales, Dixson Library, Sydney

 

University of Technology Sydney, Haymarket

 

University of Western Sydney, Campbelltown Campus Library, Campbelltown

 

University of Western Sydney, Parramatta Campus Library, Parramatta 

 

Victoria

 

RMIT University Library, Melbourne

 

RMIT University, RMIT Design Archives, School of Architecture + Design, Melbourne

 

 

Canada

 

 

Alberta

 

Grant McEwan University, Edmonton 

 

Spruce Grove Public Library, Spruce Grove 

http://catalogue.tracpac.ab.ca/polaris/search/searchresults.aspx?ctx=205.1033.0.0.3&type=Keyword&term=black%20box%20casino&by=KW&sort=MP&limit=TOM=*&query=&page=0 

 

 

British Columbia

 

Simon Fraser University, Burnaby 

 

 

Nova Scotia

 

Mount St. Vincent University Library, Halifax

 

 

Sasakatchewan

 

University of Saskathewan Library, Saksatoon 

 

 

China

 

Hong Kong 

 

Hong Kong University of Science and Technology

 

City University of Hong Kong, Hong Kong

http://barry1.cityu.edu.hk/han3/2/6/9/0/0/0/0/www.cityu.edu.hk/lib/eres/opac/newtitle/general/1/6.htm  


 

 

Singapore

 

Singapore 

 

National Library Board, Singapore 

 

 

 

United States

 

Alabama

 

Jacksonville State University, Houston Cole Library, Jacksonville

 

University of Alabama at Birmingham, Mervyn H. Sterne Library, Birmingham

 

 

Arizona

 

University of Arizona, Tucson

 

 

California

 

Alibris for Libraries, Emeryville

 

Claremont University, Claremont Colleges' Libraries, Claremont 


Los Angeles Public Library, Los Angeles

 

San Diego Public Library, San Diego

 

San Diego Christian College, El Cajon

 

University of California, Berkeley 


University of California, Davis

 

University of California, Los Angeles 

 

University of California, Merced

 

University of California, Santa Cruz

 

University of Southern California, Doheny Memorial Library, Los Angeles

http://library.usc.edu/uhtbin/cgisirsi/x/0/0/5?searchdata1=3589385%7BCKEY%7D 

 

 

Connecticut

 

Greenwich Library, Greenwich

http://ctwweb.wesleyan.edu:7003/vwebv/holdingsInfo?searchId=68&recCount=25&recPointer=0&bibId=2205472 

 

Wesleyan University, Olin Library, Middletown

http://ctwweb.wesleyan.edu:7003/vwebv/holdingsInfo?searchId=68&recCount=25&recPointer=0&bibId=2205472  

 

 

Delaware

 

University of Delaware, Newark

 

District of Columbia

 

George Washington University, Gelman Library, Washington, D.C.

http://catalog.wrlc.org/cgi-bin/Pwebrecon.cgi?v1=1&ti=1,1&Search%5FArg=Black%20Box%20Casino&SL=None&Search%5FCode=GKEY%5E&CNT=25&PID=P9cJFOk_rx9EaBIelQREOpqWWHZp&SEQ=20111222092831&SID=1  

 

Georgetown University, Lauinger Memorial Library, Washington, D.C.

 

Library of Congress, Washington, D.C.

http://lccn.loc.gov/2011028748  

 

Johns Hopkins University, School for Advanced International Studies, SAIS Mason Library, Washington, D.C. 

https://catalyst.library.jhu.edu/catalog?q=%22Black+Box+Casino%22&search_field=all_fields&commit=search  

 

 

Florida

 

Florida International University, Green Library, Miami

 

University of Central Florida, Orlando

 

 

Georgia

 

Emory University, Robert W. Woodruff Library, Atlanta

 

Georgia State University, Atlanta

 

 

Illinois

 

Loyola University, Cudahy/Lewis Library, Chicago

 

Northwestern University, Evanston

 

Skokie Public Library, Skokie 


Southern Illinois University, Morris Library, Carbondale 

 

University of Chicago Library, Chicago

 

 

Indiana

 

Indiana University, Bloomington

 

Purdue University, Calumet Library, Hammond 


University of Notre Dame, Hesburgh Library, Notre Dame 

 

 

Idaho

 

Boise State University, Albertson's Library, Boise

 

 

Iowa

 

Iowa State University, Parks Library, Ames 

 

 

Kentucky

 

University of Kentucky Libraries, Lexington

 

 

Louisiana

 

Tulane University, Howard-Tilton Memorial Library, New Orleans

 

 

Maryland

 

Saint Mary's College of Maryland, Saint Mary's City

 

University of Maryland Libraries, Theodore R. McKeldin Library, College Park


 

 

Massachusetts

 

Boston College, Thomas P. O'Neill Library, Chestnut Hill

 

Brandeis University, Brandeis University Libraries, Waltham

 

Clark University, Robert Hutchings Goddard Library, Worcester

 

Harvard University, Harvard College Library, Cambridge

 

Minuteman Library Network, Natick

 

Wellesley College, Wellesley

 

Michigan

Wayne State University, Detroit

 

http://encore.lib.wayne.edu/iii/encore/record/C%7CRb4288922%7CSBlack+Box+Casino%7COrightresult%7CX5?lang=eng&suite=pearl 

Minnesota
University of Minnesota, UMD Library, Duluth
University of Minnesota, Minneapolis

  
Missouri 
Kansas City Public Library, Kansas City 

  
Montana 
University of Montana, Mansfield Library, Missoula  
New Hampshire
University of New Hampshire at Durham, Diamond Library, Durham

New Jersey 

 

Bergen Community College, Sidney Silverman Library, Paramus

 

Richard Stockton College of New Jersey Library, Galloway

 

Rutgers University, New Brunswick 

New Mexico

 

New Mexico Junior College, Pannell Library, Hobbs 

 

University of New Mexico, Main Campus, Albuquerque


 

New York

 

Columbia University, Watson Library of Business and Economics, New York

http://newarrivals.cul.columbia.edu/catalog/9134605  

 

Cornell University, Cornell University Library, Ithaca

 

Fordham University, William D. Walsh Family Library, Rose Hill Campus, The Bronx, New York City

 

Rochester Institute of Technology, Wallace Library, Rochester

 

State University of New York, University Libraries, Albany 

 

Syracuse University, Syracuse

 

University of Rochester, Rochester 


 

 

North Carolina

 

Duke University, Duke University Libraries, Durham 

http://duke.summon.serialssolutions.com/search?s.q=black+box+casino

 

University of North Carolina at Chapel Hill, Chapel Hill

 

University of North Carolina, J. Murrey Atkins Library, Charlotte 

 

University of North Carolina at Greensboro, University Libraries, Greensboro

 

Wake Forest University, Z. Smith Reynolds Library, Winston-Salem

Electronic download for students and faculty only

http://cloud.lib.wfu.edu/vufind/Record/2607355

 

Ohio

 

Bowling Green State University, BGSU Libraries, Bowling Green


Cleveland Heights Libraries, Cleveland Heights, Ohio

http://heightslibrary.bibliocommons.com/item/show/6220341048_black_box_casino_how_wall_streets_risky_shadow_banking_crashed_global_finance 

Oberlin College Library, Oberlin

 

Online Computer Library Center (OCLC), Dublin

 

University of Akron, Bierce Library, Akron 


University of Cincinnati, Internet Business and Economics Library, Cincinnati 

http://libraries.uc.edu/research/subject_resources/business/research_res/newbooks.html  

 

Wright State University, Paul Laurence Dunbar Library, Dayton

 

 

Oklahoma

 

Oklahoma State University, Edmon Low Library, Stillwater

 

Northeastern State University, Tahlequah Campus, John Vaughn Library, Talequah

 

 

Oregon

 

Oregon State University Libraries, Corvallis

 

Willamette University, Mark O. Hatfield Library, Salem


 

 

Pennsylvania

 

Bucknell University , Ellen Clarke Bertrand Library, Lewisburg

 

Carnegie Mellon University, Pittsburgh

 

Gettysburg College, Musselman Library, Gettysburg

 

Franklin & Marshall College, Lancaster 

 

Lycoming College, John G. Snowden Library, Williamsport

 

Temple University, Philadelphia

 

University of Pennsylvania Library, Philadelphia 


 

Rhode Island

 

Johnson and Wales University, Providence 

http://helin.uri.edu/record=b4063222~S29  

 

University of Rhode Island, University Library, Kingston  

 

 

South Carolina


College of Charleston, Marlene and Nathan Addlestone Library, Charleston

 

Tennessee

 

University of Tennessee, John C. Hodges Library, Knoxville

 

University of Tennessee at Chattanooga, Lupton Library

 

 

Texas

 

Rice University, Fondren Library, Houston 


Southern Methodist University, Central University Libraries, Dallas 


Texas Tech University, Lubbock 

 

University of Houston, M.D. Anderson Library, Houston

 

University of Texas Libraries, Austin 


University of Texas at El Paso, El Paso

 

 

Vermont

 

Norwich University, Kreitzberg Library, Northfield

 

 

Virginia

 

College of William & Mary, Earl Gregg Swem Library, Williamsburg


Ferrum College, Stanley Library, Ferrum, Virginia

http://library.acaweb.org/search  

 

George Mason University, Fenwick Library, Fairfax 

 

Radford University Library, McConnell Library, Radford

 

Old Dominion University, Old Dominion University Libraries, Norfolk

 

Virginia Commonwealth University, James Branch Cabell Library, Richmond 

 

Virginia Polytechnic Institute and State University, Blacksburg

 

 

 

Washington

 

Renton Technical College, Library Resource Center, Renton 

 

University of Puget Sound Library, Tacoma

 

University of Washington Libraries, Seattle

 

 

 

 

University of Wisconsin, UMW Libraries, Milwaukee 


 

 

 

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