{"product_id":"the-foreclosure-of-america-9780425233764","title":"The Foreclosure of America","description":"\u003cb\u003e Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. \u003c\/b\u003e \u003cbr\u003e\u003cbr\u003e In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay \u003ci\u003eless\u003c\/i\u003e than their minimum monthly payment. The \"finance jocks\" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. \u003cbr\u003e\u003cbr\u003e With an insider's knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.","brand":"Penguin Publishing Group","offers":[{"title":"STANDARD","offer_id":62243518644611,"sku":"9780425233764","price":27.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0907\/8456\/3587\/files\/9780425233764.jpg?v=1785403155","url":"https:\/\/shopcomics.eu\/products\/the-foreclosure-of-america-9780425233764","provider":"Shop Comics EU","version":"1.0","type":"link"}