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    Plunder: Investigating Our Economic Calamity and the Subprime Scandal
    Plunder: Investigating Our Economic Calamity and the Subprime Scandal
    Plunder: Investigating Our Economic Calamity and the Subprime Scandal
    Ebook328 pages4 hours

    Plunder: Investigating Our Economic Calamity and the Subprime Scandal

    By Danny Schechter

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    About this ebook

    Americans under a burden that many will never crawl out of. Plunder identifies some of the profiteers and calls for an investigation of those behind this shrewdly engineered subprime scheme. Plunder indicts the regulators who enabled the crisis and the media that missed it. Plunder advocates a debt-relief movement in America and argues that such a movement would resonate across the political spectrum.
    LanguageEnglish
    PublisherCosimo Books
    Release dateSep 1, 2008
    ISBN9781616405847
    Plunder: Investigating Our Economic Calamity and the Subprime Scandal
    Author

    Danny Schechter

    Danny Schechter is a veteran journalist who writes and speaks about economic and media issues. He is a multiple Emmy Award winner, having been a producer for ABC News, CNN and other major networks. His daily blog 'News Dissector' appears on MediaChannel.org, the website he edits, with weekly online commentaries on Huffington Post, Buzzflash, Alternet, Global Research, ZNet, CreativeI and many others. He has directed numerous films including In Debt We Trust and Plunder: The Crime of our Time.

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    • 4/5
      Perfect for : Personal Use, Someone interested in learning about the impacts to the current economyIn a nutshell: I believe that many things have led to our current economic crisis, and I also believe that we will recover. Plunder's author, Danny Schechter, provides investigative insight into some of the events that brought our economy to this point, mainly greed and dishonesty among those involved in the mortgage industry and the credit industry (seems they were able to talk many consumers into using credit cards and buying homes when they should not have been qualified for them). The author does go on to show that what has happened here in the United States is bound to turn into a Global problem in the near future. In all, this was a very informative read that gave me a lot to think about and reflect on.Extended Review:Content: While I am not an expert in economics or anything related to it, I can't claim that this is THE book to shed light on what exactly happened, but I can say that Danny Schechter has done his research and put together a lot of information regarding many contributing factors to today's economic issues, especially the mortgage crisis! I also gained insight into why our family was "qualified" for much more than we felt we could comfortably afford when we were looking for a home to buy (over the past 10 years, my husband and I purchased a first home, which we sold in order to buy our current home. In both cases, lenders tried to talk us into doubling what we wanted to pay, telling us we should buy bigger because we were "qualified" . . . boy am I glad we didn't listen to them!).Format: The book is written in an interesting format that supports the author's claims with documentation. Mixed in with the author's own words and explanations are many quotes and passages from other sources (online and print) pertaining to the subject matter. Readability: This was a fairly easy read, given the subject matter. There are a lot of financial terms used, but the author did a good job of explaining them.Overall: A very interesting look into how and why we have reached this point in our credit crisis, which is magnified by the fact that this will most likely become a Global crisis as other countries have taken similar actions with regards to the use of credit.

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