Another Big Lie - by Tim Pagliara (Hardcover)
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<p/><br></br><p><b> Book Synopsis </b></p></br></br>In his book, <i>Another Big Lie</i>, author Tim Pagliara details the decade-long fight over the government's role in regulating a safe and sound mortgage market. At the heart of the story is the contrarian bet investors made to buy Fannie Mae and Freddie Mac--government sponsored entities, GSEs--securities in the heat of the mortgage crisis in late 2008. This is the story of how a select group of GSE investors exposed the government's theft of billions of dollars from the American dream of homeownership. <p/>Madison opined in the Federalist papers that "If Men were Angels" we wouldn't need government. And yet, in <i>Another Big Lie</i>, Pagliara examines what happens when all three branches of government--executive, legislative, and judicial--fail, exposing the truth about the housing market, a corrupt legislative process in the Senate, and the various attempts that tried and failed to blame the financial crisis on the GSEs.<p/><br></br><p><b> From the Back Cover </b></p></br></br>THE AMERICAN DREAM HAS A ROOF <p/>In <i>Another Big Lie</i>, author Tim Pagliara details the decade-long fight over the government's role in regulating a safe and sound mortgage market, and how a select group of investors in government-sponsored entities exposed the government's theft of billions of dollars from the American dream of homeownership. <p/>This was the largest and most brazen expropriation of private property in the nation's history.<br>-David Thompson, Managing Partner, Cooper & Kirk <p/>This isn't just a story about what happened a decade ago. It's a story about what's happening today and what's going to happen twenty years from now. The villains of this story are the big banks and their cronies inside the government, the media, and the intelligentsia who behaved as if the bankers could do no wrong. <p/>But this iron truth endures: Even the most well-intentioned bureaucrats, no less than presidents, legislators, and judges, are bound by constitutional principles. <p/>-Patrick J. Collins, Marcus J. Liotta, William M. Hitchcock v. Steven T. Mnuchin, Secretary, US Department of Treasury; Department of the Treasury; Federal Housing Finance Agency; Mark A. Calabria, Director of the Federal Housing Finance Agency (S.D. Tex., 2019) <p/>This is the story of how individual Americans stepped up, took on the system--and won.
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