Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis

Customer Reviews:

Avg. Customer Rating: 4.5 / 5.0

Good ideas and info:

Good for buying a home but not in the typical sense, for me. It was more of a business of buying a home or houses wisely type of a book, not for your average Joe and Anne so much aas for those w/ a bit more to spend.
Still in all , good financial advice and ideas etc.See an excerpt to see if it's for you.

Easy to read expose of the Sub-Prime guilty parties:

In this age of full disclosure, I received this book free from the Amazon Vine program....with the condition that I publish a book review.
I may have purchased this book anyway. Back in the middle of 2007 when the sub-prime problem first surfaced......I remember a talking head on TV saying the sub-prime issue would not become a problem. His rationale was that sub-prime only represented a single digit percentage of the total mortgage market......and therefore it would have no major impact on financial... more info

Reader's digest on subprime mortgage disaster:

I must say that I am not an economist, so I was initially afraid if I will understand what author has to say in this book. I am glad to report that this book is easy to read and even the average Joe (like myself) can understand and follow the explanation that the author has laid out about the subprime mortgage financial shock that has shaken our nation. Also, I was ready to be judgemental of the author, since he is employeed at division of Moody's. After all, Moody was the first one who should have sent... more info

Reads like a textbook:

This book has a lot of great information. It thoroughly explains a complicated subject in an easy to read form.
It explains how the mortgage crisis was a combination of a lot of factors. Most of this anyone who is involved in real estate or banking should already understand, but it helps you to put together a picture from what you already know.
My problem with the book is that it is about as interesting as a textbook. I actually read it before going to bed because it put me to sleep every... more info

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