Take a look at all of the deregulations that began really during the Reagan administration, and then set it up for the beginning of the bank failures that we started to have. This book was written in 1989, but can be read now, The setting was set up for the 2008 crisis, which was also caused by other regulations being taken away. Really what people miss is that most of the regulations that were put in place after the bank of the depression, the Glass-Steagall Act of 1933 has really been stripped away and now they want to get rid of the last few remaining parts of the act so the government can have access over all of the money. That part is not in this book. A good book.

A deep look a the Goldman Sachs/ HUD market crises, Pizzo squarely and calmly lays the blame at the feet of several high end capitalist CEO's, accusing them of ruining the hierarchy of economics and finance.
This book will disgust you, with its greed and withering view of the uncompassionate loan industry. it is excellent journalism, but without a prior passion for the subject, it can feel like homework, to keep up. Never the less its compels us to take note, lest we all get swindled again.