The Monster: How a Gang of Predatory Lenders

Magnificently and heartbreakingly told. . . . [Hudson] shows vividly that really filthy face-to-face fraud and hard-sell bullying . . . brought the economy down around our ears.-The Boston Globe. In this page-turning true-crime exposé award-winning reporter Michael W. Hudson reveals the story of the rise and fall of the biggest subprime lender and Wall Streets biggest patron of subprime: Ameriquest and Lehman Brothers. They did more than any other institutions to produce the biggest financial scandal in American history.. Its a tale populated by a remarkable cast of characters: a shadowy billionaire who created the subprime industry out of the ashes of the 1980s S&L scandal; insatiable Wall Street executives; ensnared home owners; investigators who tried to expose the fraud; politicians 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 look at the bottom-feeding fraud and top-down greed that fueled the financial collapse.