Showing results for "The Subprimes" in All Categories

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people, and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it.

Learn about subprime lending with iMinds Money's insightful fast knowledge series. Originally, the term subprime lending described any loan that charged less than the prime, or base, rate of interest. This definition, however, has changed over the last twenty years to mean quite the opposite. Now subprime refers not to the interest rate charged, but to the credit worthiness of the loan taker.

On a warm summer evening in 1991, seventeen-year-old Julia Parker was murdered in the Brooklyn neighborhood of East New York. An area known for an exorbitant level of violence and crime, East New York had come to be known as the Killing Fields. In the six months after Julia Parker’s death, 62 more people were murdered in the same area. In the early 1990s, murder rates in the neighborhood climbed to the highest in NYPD history. East New York was dying. But how did this once thriving, diverse, family neighborhood fall into such ruin?

The sub-prime mortgage crisis was only the beginning: a more profound economic and political restructuring was on the way. The astronomical leverage at investment banks with their hedge fund and private equity clients virtually guaranteed massive disruption in global markets. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy came crashing down with it. Continued denial and concealment caused the crisis to stretch out for years, but financial and government leaders still downplayed the problem.

This audiobook recounts Pyerse’s experience inside Herlong Prison Camp and at the halfway house where he was sent to readjust to society. To successfully restart his life, he first had to survive the pettiness, dehumanization, and psychological bondage of the prison camp. Then he had to overcome his own personal emotional challenges and somehow use the exclusion from family and friends to his advantage.

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it.

Two powerless beings are swept together in a transient struggle for survival. Could the human spirit transcend the brutality and indifference of their brief experience before they are once again swept helplessly apart? Far more than a love story - this is a story about love.

来自北京的温妮与来自江南的肖言在美国留学时相识，相爱，并同居。不料，肖言在临回国前决意与温妮分道扬镳……來自北京的溫妮與來自江南的肖言在美國留學時相識，相愛，並同居。不料，肖言在臨回國前決意與溫妮分道揚鑣……