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The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America - and Spawned a Global Crisis Hardcover – 6 Dec 2010

5.0 out of 5 stars 3 customer reviews

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Product details

  • Hardcover: 384 pages
  • Publisher: Times Books (6 Dec. 2010)
  • Language: English
  • ISBN-10: 0805090460
  • ISBN-13: 978-0805090468
  • Product Dimensions: 16.4 x 3.3 x 24.4 cm
  • Average Customer Review: 5.0 out of 5 stars 3 customer reviews
  • Amazon Bestsellers Rank: 748,037 in Books (See Top 100 in Books)
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Review

"Magnificently and heartbreakingly told. . . . What I appreciated most about this tremendous, well-documented book is that it shows vividly that really filthy, face-to-face fraud and hard-sell bullying are the original ingredients, the required counters, in the increasingly abstract financial instruments that brought the economy down around our ears."--"The Boston Globe""Whereas much of the reporting of the economic meltdown has been focused on Wall Street, Hudson has a talent for describing what was happening on the ground. He takes us on a tour of the financial carnival tent pitched by subprime factories like Ameriquest... Did some people borrow beyond their means? Certainly. But as Hudson demonstrates, the public was no match for an industry that lived off deceit fueled by Wall Street."--"Time""Magazine""As engagingly written as Michael Lewis' "The Big Short" (which chronicles the struggles the winners endured during the last bubble), as caustic and trenchant in its analysis of the dotty economic theories that underpin our bubble economy as Yves Smith's "ECONned"; and at least as cogent of the big-picture power politics as Simon Johnson's "13 Bankers", "The Monster" also does what those books don't: It reveals the inner lives of both the victims and the perpetrators of predatory lending."--"Baltimore City Paper""Hudson's book is a guide to the worst excesses of the mortgage business . . . [and offers] a deeper, truer understanding of the many-headed subprime monster. . . . ["The Monster"] succeeds by entertaining us with behind-the-scenes moments and personal stories from people trading their ethics for all-expenses-paid trips to Hawaii." --"The Seattle Times""Terrifically readable. . . . Hudson gives readers piercing insight into the booze, broads and cocaine that fueled the buccaneers in the mortgage game. . . . Though I thought myself too old to be shocked, the revelations here shocked me. Read it and weep."--"Chico News & Review""Michael W.

About the Author

Michael W. Hudson is a staff writer at the Center for Public Integrity, a non-profit journalism organization. He previously worked as a reporter for the "Wall Street Journal" and as an investigator for the Center for Responsible Lending. The winner of a George Polk Award, Hudson has also written for "Forbes," "The Big Money," the "New York Times," the "Los Angeles Times" and "Mother Jones." He edited the award-winning book "Merchants of Misery" and appeared in the documentary film Maxed Out. He lives in Brooklyn, New York.


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on 28 December 2011
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Amazon.com: 4.6 out of 5 stars 36 reviews
2 people found this helpful.
5.0 out of 5 starsGreat book.
on 31 May 2016 - Published on Amazon.com
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5.0 out of 5 starsA true crime story ...
on 9 November 2013 - Published on Amazon.com
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6 people found this helpful.
5.0 out of 5 starsA lesson on how to make crime pay
on 7 December 2010 - Published on Amazon.com
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11 people found this helpful.
5.0 out of 5 starsExcellent!
on 12 June 2011 - Published on Amazon.com
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5.0 out of 5 starsFantastic summary of how the bubble was formed
on 20 June 2014 - Published on Amazon.com
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