The Great American Bank Robbery: The Unauthorized Report about What Really Caused the Great Recession

Overview

You may not realize it, but you helped pay for a $10
million, fourteen-month government “investigation” of the housing collapse.
Only your $10 million didn’t buy much, and it certainly didn’t buy truth; any hope of that went out the window on day one.

The congressionally appointed panel—made up primarily of...

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The Great American Bank Robbery: The Unauthorized Report about What Really Caused the Great Recession

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Overview

You may not realize it, but you helped pay for a $10
million, fourteen-month government “investigation” of the housing collapse.
Only your $10 million didn’t buy much, and it certainly didn’t buy truth; any hope of that went out the window on day one.

The congressionally appointed panel—made up primarily of anti-market, historic revisionists—managed to shift the blame away from
Washington and onto mortgage lenders and “greedy” Wall Street executives, while protecting the real culprits at the core of the crisis: POLITICIANS LIKE
THEMSELVES.

It’s not about Democrat or Republican, left or right, black or white. It’s about the usual suspects—money and power and the people who use government to manipulate them for private advantage.

The Great American
Bank Robbery
maps out in detail exactly how Washington social engineers and their accomplices reshaped banking regulations and housing policies and gutted time-tested underwriting standards that led to the worst financial calamity since the 1930s, one that has robbed American households of $14 trillion in net worth.

And they’re not done yet . . .

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Product Details

  • ISBN-13: 9781595552709
  • Publisher: Nelson, Thomas, Inc.
  • Publication date: 1/18/2011
  • Pages: 289
  • Sales rank: 955,606
  • Product dimensions: 5.40 (w) x 8.30 (h) x 1.00 (d)

Meet the Author

Paul Sperry is an investigative journalist and Hoover Institution media fellow. His articles have appeared in the New York Post, Investor's Business Daily, and The Wall Street Journal. Sperry makes regular appearances on Fox News and other national media outlets.

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Table of Contents

A Note of Caution to Readers ix

Preface xi

Introduction: The Angelides Commission xiii

1 Prime Suspects 1

2 Returning to the Scene of the Crime 27

3 Obama's Fingerprints 37

4 The Heist 51

5 The Next Hold-up 95

6 The Bank Robbers: Ten Most Wanted 105

7 The Bank "Terrorists" 133

8 Myth of the Racist White Lender 155

9 Deadbeat Borrowers in Black and White 169

10 Hannie Mae: Casas for Illegals 179

11 Red Herrings 189

Afterword 205

Appendix 223

Notes 233

Acknowledgments 275

About the Author 277

Index 279

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