Reddit reviews Econned

In no particular order, here are several non-textbooks that were either required or recommended for higher level economics courses that I have taken:

The Big Short: Inside the Doomsday Machine by Michael Lewis

All the Devils Are Here: The Hidden History of the Financial Crisis
by Bethany McLean

Fool's Gold: The Inside Story of J.P. Morgan and How Wall St. Greed Corrupted Its Bold Dream and Created a Financial Catastrophe by Gillian Tett

Zombie Economics: How Dead Ideas Still Walk among Us by John Quiggin

ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism by Yves Smith

You might also have success looking through the "Customers also bought" sections for these books.

> Is there a comprehensive list somewhere of the loan types, lenders, loan amounts floating around?

Do you mean in general like kinds of loans and lenders, etc... Then I would start somewhere like investopedia or google.

Alt-A Loans, but it links to a number of other good definitions

Private Mortgage Backed Securities

CBO Report on GSEs

Banking and Finance Law Commons


If you mean in reference to the financial collapse there are lots of books and blog posts.

1. Tanta at Calculated Risk had a great series on mortgage/ finance issues. The Ubernerd Collection, Compendium of Tanta's Posts, sadly she passed away in November of 2008.
   
   
2. Financial Crisis Inquiry Commission - Congressional Report on the financial crisis, FCIC Conclusions Excerpt, The Financial Crisis Inquiry Report , Wikipedia Financial Crisis Inquiry Commission
   
   
3. ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism
   
   
4. Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves
   
   
5. The Big Short: Inside the Doomsday Machine
   
   
6. Fault Lines: How Hidden Fractures Still Threaten the World Economy

You are telling other people to 'do more reading to better understand how this system works', but you are totally clueless.

The banks did NOT pay back everything plus interest. The banks paid back a small portion of the bailout. The banks stole trillions of dollars, they paid back millions.

Read this book before you ever talk to anyone about the financial crisis again, because I can assure you that if you ever talk to anyone who actually understands what happened, it is obvious that you are completely ignorant and are just spouting off talking points.

https://www.amazon.com/ECONned-Unenlightened-Undermined-Democracy-Capitalism/dp/0230114563