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Ponzi Housing Scheme 21st Century Audiobook by Gary Anderson
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Title: Ponzi Housing Scheme 21st Century
Subtitle: How the Ponzi House Crisis Was Contrived
Author: Gary Anderson
Narrator: Kenneth Lee
Format: Unabridged
Length: 50 mins
Language: English
Release date: 06-04-14
Publisher: Gary Anderson
Genres: Nonfiction, Economics
Publisher's Summary:
The Ponzi housing scheme is the financial crime of the 21st century. It makes Madoff look like an amateur because of scale. The crime was sophisticated in it's plan. This crime violated laws on the books. It violated laws that should be on the books. And it violated the trust that people have with the banking community, and this violation reaches to the highest bankers in the land and off our shores. This crime is complex, but it is not rocket science. The proof of culpability can be known.
It does no good to understand the bailout of the financial system without understanding the plan to risk that financial system in the first place.
We know that the international bankers have formed a sophisticated cartel. That cartel is made up of the central banks and the Too Big To Fail banks, both in Europe and in the United States. It includes money market funds and shadow lenders of easy money.
Without clawbacks of ill-gotten gains and mass prosecutions, this system is lurking and waiting for another opportunity to establish the will of bankers upon the unsuspecting populace. It is not a question of if this behavior will repeat itself, but rather is a question of when.
The banks had a plan to operate with less capital with Fannie and Freddie guaranteeing all manner of subprime loans. We know that they did not guarantee jumbos and many Alt-A loans, but subprime they did guarantee. Therefore, Fannie and Freddie were essential to kick starting the scam. We have seen how their monstrous child, MERS, has attempted to run around state governments in corrupting the recording of proper documents and notes. Fannie and Freddie did not take the scam to it's revved up and hurtful conclusion, however.
Members Reviews:
A Muddled Rant
This book was quite disjointed and very poorly written. The author needs to learn how to organize his thoughts and write coherent paragraphs that include topic sentences followed by support sentences. Moreover, he should have explained terminology such as Basel 2, MERS, Alt-A loans and so forth. Also, even though I happen to agree with his main premises, he failed to offer adequate support for his claims.
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Title: Ponzi Housing Scheme 21st Century
Subtitle: How the Ponzi House Crisis Was Contrived
Author: Gary Anderson
Narrator: Kenneth Lee
Format: Unabridged
Length: 50 mins
Language: English
Release date: 06-04-14
Publisher: Gary Anderson
Genres: Nonfiction, Economics
Publisher's Summary:
The Ponzi housing scheme is the financial crime of the 21st century. It makes Madoff look like an amateur because of scale. The crime was sophisticated in it's plan. This crime violated laws on the books. It violated laws that should be on the books. And it violated the trust that people have with the banking community, and this violation reaches to the highest bankers in the land and off our shores. This crime is complex, but it is not rocket science. The proof of culpability can be known.
It does no good to understand the bailout of the financial system without understanding the plan to risk that financial system in the first place.
We know that the international bankers have formed a sophisticated cartel. That cartel is made up of the central banks and the Too Big To Fail banks, both in Europe and in the United States. It includes money market funds and shadow lenders of easy money.
Without clawbacks of ill-gotten gains and mass prosecutions, this system is lurking and waiting for another opportunity to establish the will of bankers upon the unsuspecting populace. It is not a question of if this behavior will repeat itself, but rather is a question of when.
The banks had a plan to operate with less capital with Fannie and Freddie guaranteeing all manner of subprime loans. We know that they did not guarantee jumbos and many Alt-A loans, but subprime they did guarantee. Therefore, Fannie and Freddie were essential to kick starting the scam. We have seen how their monstrous child, MERS, has attempted to run around state governments in corrupting the recording of proper documents and notes. Fannie and Freddie did not take the scam to it's revved up and hurtful conclusion, however.
Members Reviews:
A Muddled Rant
This book was quite disjointed and very poorly written. The author needs to learn how to organize his thoughts and write coherent paragraphs that include topic sentences followed by support sentences. Moreover, he should have explained terminology such as Basel 2, MERS, Alt-A loans and so forth. Also, even though I happen to agree with his main premises, he failed to offer adequate support for his claims.