Larger, sturdy book, white covers, very bright red lettering on spine, 354 pages. DJ glossy white background, a rat trap with house on it illustrated on front, dark blue-tinted raised title, blue and red lettering. DJ and book, both As New.

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Bibliographic Details

Title: The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream
Publisher: Berkley Books
Publication Date: 2009
Language: English
ISBN 10: 0425227413
ISBN 13: 9780425227411
Binding: Hardcover
Edition: 1st Edition
Printing: 1st Printing
Condition: As New
Dust Jacket Condition: As New

About this title

Synopsis

From Countrywide's former Senior VP of Marketing, the first engrossing inside look at Countrywide Home Loans, how the mortgage crisis started-and where it may end.In July 2004, Adam Michaelson entered "The Vault"-an underground bunker at Countrywide headquarters-for a meeting about a new loan product that would allow borrowers to pay less than their minimum monthly payment. After the "finance jocks" proudly made their case, Michaelson asked one question: "Are you nuts?" Countrywide's decision-makers believed these new exotic loans were "worth the risk." The booming housing market would only get bigger, with ever-increasing home values supporting homeowners in a never-ending cycle of borrowing against the virtual value of their homes and refinancing later. They were dead wrong. With both an insider's knowledge and thorough reporting on the ripple effects on American families and the economy, this fascinating, witty, and wide-ranging book not only examines t

About the Author

Adam Michaelson joined Countrywide as Senior Vice President of Marketing after fifteen years at top ad agencies, including Ogilvy & Mather and Grey Worldwide. He now runs the Michaelson Marketing Group and has provided marketing counsel to numerous Fortune 100 clients.

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Store Description

Selling by mail order directly to customers, bookdealers and collectors from an inventory of more than 40,000 books, strong in literature, history, Native American and Vietnam Conflict. All defects seen are stated: a microtear or micronick is a defect smaller than 1/16 of an inch, but visible.

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Callaghan Books South
FL, U.S.A.

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Check or money order, or Paypal. Buyer pays postage--usually 4.00 to 5.00 for sales inside U.S.. $25 or more for international sales, minimum, due to postal hikes and inaccurate U.S. Postal Service rate calculators. All defects noted. Book returnable if not as described.

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