“Behind The Housing Crash: Confessions From an Insider” is on its way in the mail and it looks like a really interesting read. This independently published book is written by Captain Capitalism, a blogger who’s been in the game for a long time. I’ve been following him for several years now, and if the book is anything as indispensable as his blog, its guaranteed to be good. Listen to the talking heads say they saw this crash coming all you want, but the Captain’s been talking about it for a good while and the release couldn’t have come at a better time.
Here’s Amazon.com’s description:
“Behind the Housing Crash – Confessions from an Insider” is the authoritative book on the housing crisis. It is an expose written by Aaron Clarey, a credit analyst who worked at various banks in the Twin Cities and saw first hand the unethical, if not, illegal dealings that led up to the housing bubble and subsequent crash. Stories of commission-addicted bankers, bribed appraisers, FBI investigations, IRS raids, offshore bank accounts and more regale the reader with a blood-boiling story of corruption, incompetence and limitless greed. However, the book goes beyond exposing those responsible for the housing crash, and does an exemplary job of explaining, in clear and simple language, the economics behind the housing crisis and the consequences for us all. If you are looking for an excellent expose on the banking industry, an explanation why your house is worth $100,000 less than it was before, or are just curious as to what happened, look no further. This is the book to read.
If you’re interested and you want to support the Captain, you can buy the book here.