Two books I recommend:
If you are interested that is.
1) And Then the Roof Caved In, By David Faber
2) A Colossal Failure of Common Sense, The Inside Story of the Collapse of Lehman Brothers, by Larry McDonald
Suggest reading them in that order as Faber's book is very good at explaining how this whole debt fueled mortgage scam occurred. I saw it first hand with people right in my neighborhood, and the epicenter of the stink, Irvine, CA is not far from me. It was no different than the bucket shops of the early 1900's, only this time they were selling cheap debt.
So many bogus mortgage shops and businesses were popping up in the business parks over there it was phenomenal.
