More Mortgage Meltdown
More Mortgage Meltdown provides a clear look at how to capture investment profits during difficult financial times. You just need to understand how bad times present opportunities and where to look. This book breaks down the complex mortgage products and rocket-science securities Wall Street created and addresses how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis. It explains exactly how the combination of aggressive lending, government missteps, and Wall Street trading practices created the perfect economic storm. Finally, More Mortgage Meltdown shows you why the crisis is not yet over and what we can expect going forward.
More Mortgage Meltdown can help you understand the events that have unfolded, and put you in a better position to profit from the opportunities that arise during these tough financial times.
Tilson explains in a clear and understable way how misguided assumptions, insatiable greed, reckless risk taking, and government inaction led to the creation of the greatest asset bubble in history.
This book teaches you how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis.
Readers will learn how to spot warning flags in the financial statements of companies, and undervalued businesses with competitive advantage or hidden assets.
Table of Contents
Acknowledgments
Introduction
Part One: What Happened and Why, Where Are We Now, and What Does the Future Hold?
Chapter 1. What Happened during the Housing Bubble?
Chapter 2. What Caused the Bubble?
Chapter 3. What are the Consequences of the Bubble Bursting?
Chapter 4. What Are the Problem Areas?
Chapter 5. What's Next?
Part Two: Profiting from the Meltdown
Chapter 6. Advice for All Investors
Chapter 7. A False Alarm on Derivatives
Case Study: A Berkshire Hathaway
Chapter 8. A Battered Blue Chip
Case Study: American Express
Chapter 9. Bottom Fishing in Microcaps
Case Study: Resource America
Chapter 10. Opportunities in Pools of Distressed Mortgages
Chapter 11. An Introduction to Shorting
Chapter 12. A Case of Questionable Reserves
Case Study: MBIA Inc.
Chapter 13. An Ill-Fated Acquisition?
Case Study: Wells Fargo
Conclusion
Notes