{"product_id":"9781456830700","title":"The Bailout Shame: How to Solve America's Foreclosures and Jobs Crises","description":"Eight to ten million families are on the verge of losing their homes today.  \u003cbr\u003e14. 7 million Americans are unemployed 510.2 Trillion of hard-earned  \u003cbr\u003esavings have been lost Businesses are closing their doors.  \u003cbr\u003eWhat caused all this economic misery? Greed Insatiable greed On the  \u003cbr\u003epart of banks who preyed on the working poor by abusing them through  \u003cbr\u003etheir pernicious but highly profitable credit card businesses.  \u003cbr\u003eThen they created and sold unconscionable high interest, adjustablerate,  \u003cbr\u003e\"stated income\" mortgage loans to the working poor. To further  \u003cbr\u003eadd to their profits, they engineered, bought, and sold mortgage backed  \u003cbr\u003esecurities and bonds. Finally, to protect themselves from possible losses,  \u003cbr\u003ethey devised, sold and bought \"credit default swap\" insurance policies.  \u003cbr\u003eWhen their working poor victims could not longer pay their suddenly  \u003cbr\u003eunaffordable mortgage payments, the banks mercilessly foreclosed on  \u003cbr\u003ethem.  \u003cbr\u003eWith dwindling mortgage payments coming in, Wall Street disintegrated  \u003cbr\u003eIn 2008, the $700 Billion Bailout came to its rescue. But out on Main  \u003cbr\u003eStreet, distressed homeowners received not a single cent of the bailout  \u003cbr\u003emoney. By 2009, the 52 Trillion Financial Stability Plan allotted a mere  \u003cbr\u003e575 Billion to help homeowners being foreclosed on. This is the ugly  \u003cbr\u003eface of the Bailout Shame. But there is hope. It lies in the implementation  \u003cbr\u003eof the pragmatic and speedy Mortgage Bailout Plan and the Job  \u003cbr\u003eCreation Bailout Plan outlined in the book.","brand":"Xlibris Corporation","offers":[{"title":"Default Title","offer_id":47140860559600,"sku":"9781456830700","price":9.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781456830700_p0.jpg?v=1763860717","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781456830700","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}