The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--And Spawned a Global Crisis


Michael W. Hudson
    Anything that benefited production - that benefited me and benefited my wallet - I'd do it.""The sales force at Ameriquest Mortgage took this philosophy to heart. They watched the Hollywood white-collar-crime flick "Boiler Room" as a training tape, studying how to pitch overpriced deals to unsuspecting home owners. They learned how to forge signatures on mortgage paperwork and create fake documents in "cut-and-paste" operations they dubbed "The Lab" or "The Art Department."In this stunning narrative, award-winning reporter Michael W. Hudson reveals the story of the rise and fall of the subprime mortgage business by chronicling the rise and fall of two corporate empires: Ameriquest and Lehman Brothers. As the biggest subprime lender and Wall Street's biggest patron of subprime, Ameriquest and Lehman did more than any other institutions to create the feeding frenzy that emboldened mortgage pros to flood the nation with high-risk, high-profit home loans.It's a tale populated by a remarkable cast of the characters: a shadowy billionaire who created the subprime industry out of the ashes of the 1980s S&L scandal; Wall Street executives with an insatiable desire for product; struggling home owners ensnared in the most ingenious of traps; lawyers and investigators who tried to expose the fraud; politicians and bureaucrats who turned a blind eye; and, most of all, the drug-snorting, high-living salesman who tell all about the money they made, the lies they told, the deals they closed.Provocative and gripping, "The Monster" is a searing expose of the bottom-feeding fraud and top-down greed that fueled the financial collapse."

The Signs Were There: The clues for investors that a company is heading for a fall


Tim Steer - 2018
    But often, a company's published accounts offer clues to impending disaster, providing you know where to look. Through the forensic examination of more than 20 recent stock market disasters, Tim Steer reveals how companies hide or disguise worrying facts about the robustness of their business. In his lively style, he looks at the themes that underlie the ways companies hide the truth and he stresses that in an assessment of a company's accounts, investors should always bear in mind that the only fact is cash; everything else - profit, assets, etc - is a matter of opinion. Full of invaluable lessons for investors, the book concludes with some trenchant observations on what is wrong in the worlds of investment, audit and financial regulation, and what changes should be introduced.

Adam Smith: Father of Economics


Jesse Norman - 2018
    Adam Smith (1723-1790) is now widely regarded as the greatest economist of all time. But what he really thought, and the implications of his ideas, remain fiercely contested. Was he an eloquent advocate of capitalism and individual freedom? A prime mover of "market fundamentalism"? An apologist for human selfishness? Or something else entirely? In the tradition of The Worldly Philosophers, Adam Smith dispels the myths and caricatures, and provides a far more complex portrait of the man. Offering a highly engaging account of Smith's life and times, political philosopher Jesse Norman explores his work as a whole and traces his influence over two centuries to the present day. Finally, he shows how a proper understanding of Smith can help us address the problems of modern capitalism. The Smith who emerges from this book is not only the greatest of all economists but a pioneering theorist of moral philosophy, culture, and society.

Dera Sacha Sauda and Gurmeet Ram Rahim


Anurag Tripathi - 2018
    It allegedly involved sexual exploitation, forced castrations, private militias, illegal trade in arms and opium, and land grab on an untold scale-until the self-styled godman was convicted for one of his many crimes in August 2017. The book opens with an anonymous letter which led to the first-ever journalistic investigation, in 2007-Tehelka's Operation Jhootha Sauda-into the reported criminal activities at the Dera. In the years that followed, the author continued to document the lonely battles for justice against the influential godman who had the might of the Dera's machinery and manpower behind him. This book is as much about the grit and determination of ordinary citizens fighting power systems as it is about the difficulty of investigating crimes committed by the rich and powerful in India today.

None of My Business


P.J. O'Rourke - 2018
    J. O'Rourke takes on his scariest subjects yet--business, investment, finance, and the political chicanery behind them. Want to get rich overnight for free in 3 easy steps with no risk? Then don't buy this book. (Actually, if you believe there's a book that can do that, you shouldn't buy any books because you probably can't read.) P.J.'s approach to business, investment, and finance is different. He takes the risks for you in his chapter "How I Learned Economics by Watching People Try to Kill Each Other." He proposes "A Way to Raise Taxes That We'll All Love"--a 200% tax on celebrities. He offers a brief history of economic transitions before exploring the world of high tech innovation with a chapter on "Unnovations," which asks, "The Internet--whose idea was it to put all the idiots on earth in touch with each other?" He misunderstands bitcoin, which seems "like a weird scam invented by strange geeks with weaponized slide rules in the high school Evil Math Club." He closes with a fanciful short story about the morning that P.J. wakes up and finds that all the world's goods and services are free! This is P.J. at his finest, a book not to be missed.

Twin Torment


Sundari Venkatraman - 2013
    The only child of a rich businessman, Sanya hates her aimless life and grabs the chance to revisit Mumbai, where she had spent the first twelve years of her life. The main attraction is her childhood sweetheart Arth Sharma. She hopes to rekindle the love she used to feel for him as a kid. Sanya’s thrilled with the opportunity to holiday with the Sharmas. But it’s Arth’s tormenting twin Ansh who insists on spending time with her while the man of her dreams is never around. And the worst part is that her body plays traitor, lusting after the devilishly handsome Ansh. Will Sanya find relief from her bored life? And the love she came in search of? Read the book to find how destiny plays a strong role as Sanya deals with the Twin Torment in her life.

Ayodhya: The Dark Night


Krishna Jha - 2012
    Before the adversaries could discover his presence, he dashed straight towards Abhiram Das, the vairagi who was holding the idol in his hands and leading the group of intruders. […] The sadhu quickly freed himself and, together with his friends, retaliated fiercely. Heavy blows began raining from all directions. Soon, the muezzin realized that he was no match for the men and that he alone would not be able to stop them.22 December 1949: A conspiracy that began with the assassination of Mahatma Gandhi culminated in the execution of the Ayodhya strategy. Late that night, a little-known sadhu, Abhiram Das, and his followers entered the Babri Masjid and planted an idol of Rama inside it. While it is known that the Hindu Mahasabha had a role in placing the idol in the mosque, the larger plot and the chain of events that led to that act have never been subject to rigorous scrutiny. Through intrepid research and investigation, Krishna Jha and Dhirendra K. Jha bring together the disparate threads of the buried narrative for the first time.Through a series of first-hand interviews with eyewitnesses and the unearthing of archival material, the authors take us behind the scenes to examine the motivations and workings of the Mahasabha members who pulled the strings. They also examine the liaison between Mahasabhaites and Hindu traditionalists in the Congress – an association that Jawaharlal Nehru sought to break in his cautious battle with Sardar Vallabhbhai Patel and the right-wing forces. Ayodhya: The Dark Night uncovers, in vivid detail, what really transpired on the fateful night that was to leave a permanent scar on the Indian polity.

Investing in Rental Properties for Beginners: Buy Low, Rent High


Lisa Phillips - 2018
    AFFORDABLE.This book on investing in rental properties for beginners is the foundation of what I’ve built 47,000 person social media platform on – helping the average person get involved in rental properties on an average income, and building the cash flow of their dreams with 2-5 properties. That’s it.This will teach you (the ordinary investor) how to tailor your investment strategy to your pocketbooks (and no one else’s). You don’t need to ask your parents or friends for loans because the best approach to building a rental portfolio is by purchasing units in modest neighborhoods that offer really high rents (i.e. purchase a $44,000 rental that earns $1200 a month in rents).If being a real estate investor is your dream and being a landlord is not, this is the book for you! The author will personally take you through the steps she’s used on over 560 people to build their dream income and lifestyle.Here’s some of what you’ll discover in this book: Find what the best market/price for your investment portfolio should be for your budget; Learn how to invest out of state EASILY and EFFORTLESSLY to build your portfolio; How to find low cost properties and analyze them to make sure you are choosing the right property; How NOT to be swindled out of thousands by contractors; The Three KEY FACTORS that determine whether it’s a good deal or not; How vacancy rates is a MADE UP NUMBER and how to professionally analyze any rental market; The difference between a rental property owner versus landlord - and how that impacts your investment strategy; That there is such a thing as a profitable and compassionate real estate investor, and you can do your part to offer long term affordable housing and stop the middle class squeeze; If you’re ready to turn your dreams of being a real estate investor into a reality, then hit the BUY NOW button!

Crashed: How a Decade of Financial Crises Changed the World


Adam Tooze - 2018
    In fact it was a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. In the United States and Europe, it caused a fundamental reconsideration of capitalist democracy, eventually leading to the war in the Ukraine, the chaos of Greece, Brexit, and Trump.It was the greatest crisis to have struck Western societies since the end of the Cold War, but was it inevitable? And is it over? Crashed is a dramatic new narrative resting on original themes: the haphazard nature of economic development and the erratic path of debt around the world; the unseen way individual countries and regions are linked together in deeply unequal relationships through financial interdependence, investment, politics, and force; the ways the financial crisis interacted with the spectacular rise of social media, the crisis of middle-class America, the rise of China, and global struggles over fossil fuels.Finally, Tooze asks, given this history, what now are the prospects for a liberal, stable, and coherent world order?

What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems


Linda Yueh - 2018
    A timely exploration of the life and work of world-changing thinkers--from Adam Smith to John Maynard Keynes--and how their ideas would solve the great economic problems we face today.

An Era of Darkness: The British Empire in India


Shashi Tharoor - 2016
    By 1947, after two centuries of British rule, it had decreased six-fold. Beyond conquest and deception, the Empire blew rebels from cannons, massacred unarmed protesters, entrenched institutionalized racism, and caused millions to die from starvation. British imperialism justified itself as enlightened despotism for the benefit of the governed, but Shashi Tharoor takes on and demolishes this position, demonstrating how every supposed imperial "gift" - from the railways to the rule of law - was designed in Britain's interests alone. He goes on to show how Britain's Industrial Revolution was founded on India's deindustrialization and the destruction of its textile industry. In this bold and incisive reassessment of colonialism, Tharoor exposes to devastating effect the inglorious reality of Britain's stained Indian legacy.

Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens


Nicholas Shaxson - 2011
    Nicholas Shaxson, a former correspondent for the Financial Times and The Economist, argues that tax havens are a central cause of all these disasters.In this hard hitting investigation he uncovers how offshore tax evasion, which has cost the U.S. 100 billion dollars in lost revenue each year, is just one item on a long rap sheet outlining the damage that offshoring wreaks on our societies. In a riveting journey from Moscow to London to Switzerland to Delaware, Shaxson dives deep into a vast and secret playground where bankers and multinational corporations operate side by side with nefarious tax evaders, organized criminals and the world's wealthiest citizens. Tax havens are where all these players get to maximize their own rewards and leave the middle class to pick up the bill.With eye opening revelations, Treasure Islands exposes the culprits and its victims, and shows how:*Over half of world trade is routed through tax havens*The rampant practices that precipitated the latest financial crisis can be traced back to Wall Street's offshoring practices*For every dollar of aid we send to developing countries, ten dollars leave again by the backdoorThe offshore system sits much closer to home than the pristine tropical islands of the popular imagination. In fact, it all starts on a tiny island called Manhattan. In this fast paced narrative, Treasure Islands at last explains how the system works and how it's contributing to our ever deepening economic divide.

The Young and the Restless


Gurmehar Kaur - 2019
    

Common Sense Economics: What Everyone Should Know about Wealth and Prosperity


James D. Gwartney - 2005
    Stroup, and Dwight R. Lee are three of the most prominent economists today, and in "Common Sense Economics" they show us why economic understanding is an essential ingredient for life in today's society, a key element that empowers those who possess it to better take charge of their own lives and their own responsibilities to their society. In clear, powerful language free of any hint of jargon or obscurity, they illuminate the basic principles of supply and demand, private ownership, trade, and more. In a world where free trade, taxes, and government spending are issues everyone needs to understand, "Common Sense Economics" is a lucid, simple explanation of how and why our economy and our world work the way they do, and how and why individuals and nations prosper.

The Shock Doctrine: The Rise of Disaster Capitalism


Naomi Klein - 2006
    She called it "disaster capitalism." Covering Sri Lanka in the wake of the tsunami, and New Orleans post-Katrina, she witnessed something remarkably similar. People still reeling from catastrophe were being hit again, this time with economic "shock treatment" losing their land and homes to rapid-fire corporate makeovers. The Shock Doctrine retells the story of the most dominant ideology of our time, Milton Friedman's free market economic revolution. In contrast to the popular myth of this movement's peaceful global victory, Klein shows how it has exploited moments of shock and extreme violence in order to implement its economic policies in so many parts of the world from Latin America and Eastern Europe to South Africa, Russia, and Iraq. At the core of disaster capitalism is the use of cataclysmic events to advance radical privatization combined with the privatization of the disaster response itself. By capitalizing on crises, created by nature or war, Klein argues that the disaster capitalism complex now exists as a booming new economy, and is the violent culmination of a radical economic project that has been incubating for fifty years.