![]() Harnessing the power of the Internet, they revealed how the financial crisis and subsequent recession were fundamentally based upon a series of frauds. Instead they were all foreclosure victims, and while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents, discovering the deceit behind them, and building a movement to expose it. They had no history of anticorporate activism. Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose. ” -Matt Taibbi, author of The Divide i n the dePthS of the Great receSS i on, a car dealership worker, a cancer nurse, and an insurance fraud specialist helped uncover the largest consumer crime in American history-a scandal that implicated dozens of major executives on Wall Street. By following three victims of illegal foreclosure practices, Dayen humanizes and brilliantly illuminates a vast scam unseen by the public because it’s been indecipherable to everyone but a few industrious housing lawyers-as he shows, even judges don’t understand it. “Chain of Title is a sweeping work of investigative journalism that traces the arc of a criminally underreported story in America, the collapse of the rule of law in the home mortgage industry. But it is also a critical illumination of the rot that still festers at the core of the politicalfinancial establishment.” -nomi Prins, author of All the Presidents’ Bankers c h a i n o f t i t le dav i d day en early Praise for chain of title How THree ordinary americans Uncovered wall sTreeT’s GreaT ForeclosUre FraUd dav i d day en THE NEW PRESS Jacket photograph by Kevin Dooley () Author photograph by John Florance Jacket design by Hot Griddle Design c hai n of ti tle THE NEW PRESS $27.95 U.S. ![]() His account of the fight against the massive injustice that enabled goliath institutions to steal homes to which they didn’t even have a legal claim and whose CEOs escaped with impunity is a rage-inducing endeavor. Challenging the idiocy of smug nit-wits that blame the rampant mortgage fraud committed by the nation’s largest banks on deadbeat homeowners greedy for a third bathroom, Dayen deftly unravels the criminal enterprise that cratered the U.S. His new book is one of the most important yet written on the causes of that crisis, the abject failures of the political class to punish the wrongdoers, and the dangerous refusal on the part of the nation’s elite to safeguard against future and even worse meltdowns.” -Glenn Greenwald, author of No Place to Hide “Chain of Title is brilliantly written, superbly researched and scary as hell. All in all, it is one of the best books about the law and American life that I ever have read.” -rick Perlstein, author of Nixonland and The Invisible Bridge “In the wake of the devastating 2008 financial crisis, David Dayen has become one of the nation’s most knowledgeable, astute and important voices in identifying the culprits and documenting the efforts to protect them. And it is the story of a prairie fire-began by ordinary Americans who brilliantly and courageously fought back when our leaders refused to do so. “This is the story, one of its characters tells us, of an unlikely ‘crime scene’: the real estate courts of Florida, where professional fraudsters greased the skids to kick people out of their houses in order to prop up Wall Street’s profits, while judges looked the other way. a StudS and ida terkel author fund Book The Studs and Ida Terkel Author Fund is devoted to supporting the work of promising authors in a range of fields who share Studs Terkel’s fascination with the many dimensions of everyday life in America and who, like Terkel, are committed to exploring aspects of America that are not adequately represented by the mainstream media. He also writes for publications including the American Prospect, The Guardian, Vice, and the Huffington Post. ![]() Citation previewĮc onomics/Current Affairs david dayen is a contributor to Salon and The Intercept, and a weekly columnist for the Fiscal Times and the New Republic. 3 SECURITIZATION FAIL OR, CIRILO CODRINGTON AND THE PANAMA DOC SHOP.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |