Hudson, Michael W. The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisis.(Brief article)(Book review)

Hudson, Michael W. The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisis. Times Bks: Holt. 2010. c.384p. index. ISBN 9780805090468. $26. Bus

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Investigative journalist Hudson exposes the source of the so-called toxic subprime mortgages that led to the 2008 financial crisis. He picks his way through a warren of mortgage brokers and lending companies that sat just outside banking regulations in the years following the savings and loan crisis. The book concentrates on the practices of mortgage lenders FAMCO and Ameriquest Mortgage, at one point the largest U.S. subprime lender. Hudson draws …