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The pathos of the 2008 Great Recession had a fairly wide sweep, from minimum-wage busboys to newspaper heiresses like Veronica Hearst to Federal Reserve chair, Ben Bernanke, whose childhood home was lost as a result of a relative not making timely mortgage payments-wherein all mentioned experienced some type of economic pain, or at least embarrassment, related to the Great Recession. These episodes are captured in this book as a way to bring a slight degree of levity to this economic catastrophe but to also underscore a serious juncture in American social and political theory as well. Author…mehr

Produktbeschreibung
The pathos of the 2008 Great Recession had a fairly wide sweep, from minimum-wage busboys to newspaper heiresses like Veronica Hearst to Federal Reserve chair, Ben Bernanke, whose childhood home was lost as a result of a relative not making timely mortgage payments-wherein all mentioned experienced some type of economic pain, or at least embarrassment, related to the Great Recession. These episodes are captured in this book as a way to bring a slight degree of levity to this economic catastrophe but to also underscore a serious juncture in American social and political theory as well. Author D. Sidney Potter, once a prolific real estate investor in the early to late part of the real estate boom that lead to the bust, puts a spotlight on the real estate finance mortgage industry as once a lucrative insider to now as a disenfranchised member and erstwhile benefactor. The irony of having to make his living as a mortgage operations professional, who now examines the very mortgage financings that once bore his name, does not go past him. His unabrasive and sometimes crude essays examine the usual suspects-from bankster CEOs, nascent political movements, and professional legislators to the analytics of mortgage products that resulted in the self-inflicted implosion. Mr. Potter's collection of essays acts as a self-entombed time capsule that should be taken as a testimony of fact, not fiction.
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Autorenporträt
A former commercial real estate broker in the 1990s, Mr. Potter now spends his time writing about all things real estate related. His first book, entitled The Flip: The True Life Story of How a Successful New Tract Home Investor Went from Zero to Hero, Back to Zero, received critical acclaim from New York Times' Best Sellers, PhDs, to HGTV hosts. In addition to being a contributing writer for several online periodicals, Mr. Potter believes someone should start an organization called Real Estate without Borders.