From Your Wallets to Their Pockets shares an easy-to-understand insider's point of view of the complex mortgage industry while providing a comprehensive explanation about the key players, how they collaborate within credit markets, and why these interactions have created both current and future painful financial crises.Tony Pallante, CEO of Performance Capital Services, possesses more than twenty-five years of experience as a consultant and executive who helps financial organizations in strategic development and execution. In his educational reference manual tailored for the average consumer, Pallante offers a brief history of the mortgage market, basic information about products and descriptions, a glossary of industry terms, and in conclusion, connects the pieces of the puzzle by sharing his insight into the very real problems that the current colossal financial sinkhole has created for consumers, including historically high foreclosure rates, depreciating home values, and dwindling access to credit. From Your Wallets to Their Pockets explores a vast range of topics of the utmost interest to industry participants, policy makers, and the American taxpayer, ultimately exposing the hidden truths within an industry that has caused financial mayhem across global economies.
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Book Description
Editorial Reviews
About the Author
Tony Pallante is the CEO of Performance Capital Services, a management consulting firm advising financial services industry clients. He has more than twenty-five years of experience as a consultant and executive, helping financial organizations in strategy development and strategic execution. Tony and his wife, Michelle, currently live in Orange County, California.
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful:
4.0 out of 5 stars
The Credit Crisis -- All of The Players,
This review is from: From Your Wallets to Their Pockets: Understanding the Credit Crisis: Privatizing Profits and Socializing Losses (Paperback)
This book, by Tony Pallante, nicely captures the history of the U.S. housing/credit industy. It eventually leads us to some interesting observations with respect to the various constituents including the rating agencies, banks, government, mortgage brokers, etc.
The book is perfect for people who are unfamiliar with the details of how this complicated system has evolved, particularly those in other countries who may wonder what happened here. A good read.
5.0 out of 5 stars
Must read for anyone looking to make sense of our complex financial system,
By EP (California) - See all my reviews
This review is from: From Your Wallets to Their Pockets: Understanding the Credit Crisis: Privatizing Profits and Socializing Losses (Paperback)
This would have been valuable during my financial and econmic classes in school as it simplifies the history, structure and processes of our complex financial system. This book spells out essential information needed to understand how we've gotten to the economic position that we currently find ourselves. Like many other things if we can better understand how we've gotten where we are, we can better navigate our decisions moving forward. The best part about this book is how simple everything is laid out so those of us without the financial vocabulary normally needed to understand this type material can finally "get it".
5.0 out of 5 stars
Great book! Easy to read!,
This review is from: From Your Wallets to Their Pockets: Understanding the Credit Crisis: Privatizing Profits and Socializing Losses (Paperback)
Surprisingly, a complicated subject made easy. If you're not familiar with the banking industry and the affect it had with our current financial, read this book. The author, in an easy to understand way, walks you through the history of our financial industry. I now feel educated enough to talk/debate on the subject. I would recommend this book to everyone!
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