I knew there was bad behavior by banks during the finance crisis, but I had no idea of its extent and the fact that it’s still going on and continues to infect much of the industry. This book chronicles the people who uncovered the mortgage fraud and their quixotic struggle to bring some justice to the situation.
Very thoughtful and clear-sighted analysis of the late-2000 financial crisis and Great Recession. Although King was a key figure at the time, this is not a blow-by-blow account of the events nor a search for immediate blame. King is looking for the deeper causes of what happened and how to prevent such crises in the future. He also presents one of the most lucid accounts of the underlying structural problems that led to the crisis and subsequent recession that I have read. I’m not enough of an expert to know whether his prescriptions make sense, or even go far enough, but this book is a valuable and timely addition to the debate on how to move forward.