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Kamis, 22 November 2018

Free Download Open Heart, Open Mind

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Open Heart, Open Mind

Review

“An amazing athlete, a great person, and a wonderful motivating example for all!” (Joé Juneau, ice hockey Olympic medalist and former NHL player)“Clara Hughes is both an extraordinary and an ordinary Canadian. This honest memoir reveals the determination of a champion to overcome external adversity and internal struggles, finding her place as an athlete, an advocate, and a person.” (Dr. David Goldbloom, Senior Medical Advisor, Centre for Addiction and Mental Health)“Clara’s story is just like her: It is energetic, strong, full of character, and very powerful. You really feel the determination within her and you cannot fail to wish you could award her another gold medal for the way she turned her life around and makes it her duty to help others.” (Gaétan Boucher, speed skating Olympic medalist)“Clara brings us along on her journey from childhood to her incredible Olympic success, through her victories and her failures, all while dealing with her own personal torment. I now believe Clara to be superhuman, not for her incredible Olympic success and athletic feats, but for her dogged battle against depression, first for herself and now for the rest of us through her advocacy work. I couldn’t stop reading.” (Johann Koss, CEO, Right to Play International)“Her book puts us on the handlebars and rides us headlong into a childhood tainted by her father’s alcoholism, a multi-generational addiction pattern that affected herself and both her grandfathers as well. […] With the same stealth and fight that brought her gold, Clara Hughes is talking, sharing and learning. […] She’s unstoppable, even in the off-season.” (Vancouver Sun)“…honest and courageous.” (Guelph Mercury)“... a fine, honest book, a revealing look inside the life of a world-class athlete who also happened to have the intelligence and sensibility to regard herself while this was happening. It’s like having an unusually perceptive journalist with unparalleled access to the mind of an athlete." (Montreal Gazette)

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About the Author

Six-time Olympic medalist Clara Hughes became the only athlete to win multiple medals in both the Summer and Winter Games. She is a member of the Order of Manitoba and an officer of the Order of Canada, has received a star on Canada’s Walk of Fame, and was inducted into Canada’s Sports Hall of Fame. Hughes is the national spokesperson for Bell Canada’s Let’s Talk initiative, a campaign dedicated to breaking down the stigma of mental health. In 2014, she was awarded the Meritorious Service Cross, which recognizes those whose outstanding personal commitment has brought honour to Canada. She lives with her husband, Peter, in Canmore, Alberta, and continues to enjoy bike touring and hiking.

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Product details

Hardcover: 240 pages

Publisher: Touchstone; Canadian Origin edition (September 8, 2015)

Language: English

ISBN-10: 1476756988

ISBN-13: 978-1476756981

Product Dimensions:

6 x 0.9 x 9 inches

Shipping Weight: 15.2 ounces (View shipping rates and policies)

Average Customer Review:

4.7 out of 5 stars

7 customer reviews

Amazon Best Sellers Rank:

#734,195 in Books (See Top 100 in Books)

It’s a good, quick read. It’s like a small group therapy session really, it doesn’t delve too deeply into anything, don’t expect any real revelations. Clara doesn’t really discuss how or even if she’s solved some of her problems, she just invites us all along on the journey.

I've know Clara for many years, raced with her, had no idea she was ever struggling. Her physical and inner-strength is astounding. Great read!

I really enjoyed leaning about her life as an athlete and how she was able to deal with all her challenges. Highly recommend it!

Loved hearing Clara's story, her struggles and triumphs!

A real down to earth book. Clara has so much heart and open mind to be able to tell her earlier life

Self discovery and all that comes with it! I loved this book!

You can find me glued to the television during national and world sports coverage - especially the Olympics. I remember watching Clara Hughes race over many Olympics - she is a six time Olympian with six medals to her credit - in two sports - speed skating and cycling. She has numerous other accolades and victories.But what you don't see on television is what's going on behind the scenes, what it takes for an athlete to rise to this level, the obstacles they've met, the obstacles overcome and who they are besides being a public figure and athlete.Clara Hughes' newly released memoir, Open Heart, Open Mind, lays all of that bare. Hughes' father was a verbally abusive alcoholic, Clara drank, did drugs and skipped school. When she did start to channel her energy into competitive sport she landed with a coach who was results driven, caring little about her mental health. Hughes has suffered from depression for most of her life. In 2010, she put her own struggles in the public eye when she became the national spokesperson for the Bell Let's Talk mental health initiative - "A wide-reaching, multi-year program designed to break the silence around mental illness and support mental health all across Canada."I am always appreciative of reading someone's memoir - the bravery in sharing your life with the public. Hughes shares both professional and personal. I was fascinated by the behind the scenes look at a professional athlete's training and performance. Clara's athletic accomplishments are extraordinary. But it is her personal triumphs that are outstanding. Hughes has taken that same energy and drive that she used in sports, applied it to her mental well being and advocating for others through numerous projects, such as Right to Play.The title? Hughes participated in a Squamish First Nations brushing-off ceremony in 2010........"Another elder addressed each of us in turn, opening our hearts to the energy of the flame and brushing away negativity. He told us, I cannot heal you of your pain. Only you can heal yourself with your open heart and your open mind."Wise words. Great read. Amazing and inspiring woman.

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Selasa, 20 November 2018

Download Ebook Gabriel Finley and the Lord of Air and Darkness

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About the Author

George Hagen is the author of Gabriel Finley and the Raven's Riddle, which received 3 starred reviews, was a Booklist Editors' Choice, Bank Street College Best Book of the Year, and was nominated for 5 State Children's Choice awards. George has also written two novels for adults—The Laments, a Washington Post bestseller and Tom Bedlam, described by the Los Angeles Times as "a Victorian three-decker novel...that moves at the speed of 'The Sopranos'." The father of three children, he lives in Brooklyn, NY. Visit him on the web at georgehagen.com or gabriel-finley.tumblr.com.

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Excerpt. © Reprinted by permission. All rights reserved.

Tabitha Finley  The weeks after Gabriel had rescued his father were the happiest the boy could remember. It was January, and his father took him for bike rides, to movies, and for pizza at their favorite restaurants in Brooklyn. They strolled along the waterfront as barges and ferries passed by, and went sledding down the snowy hillsides of Prospect Park. During these moments they tried to catch up on the three years they had been apart. Mr. Finley wanted to know about the friends--Pamela, Abby, and Somes--who had helped Gabriel rescue him from Aviopolis; he asked who Gabriel’s best and worst teachers were and tried to answer his trickiest riddles. He wanted to hear about Gabriel’s hobbies and his favorite books, and where the tastiest dumplings could be found in the neighborhood. Eventually, they got around to discussing a more serious matter--the torc--and how it had caused Gabriel’s mother to disappear when he was just a baby. On a sunny day father and son went kite-flying in the park. Mr. Finley released a seven-foot multicolored kite into the sky, and as it soared and swooped above them, Gabriel asked his father a question. “Dad? Could you please explain exactly how Mom disappeared?” Mr. Finley lowered the kite string and looked at his son with gentle surprise. “Yes, of course,” he said. “I’ve been waiting for you to be old enough to understand. You had just been born, and your mother and I were living in a little turf-roofed cottage in Iceland,” he began. “One day I went hiking in the caverns where there was a tomb--” “Oh, I know that part,” Gabriel interrupted. “And I know how you got injured, and made a wish to get home, and your leg healed and you realized that the torc was on the staff you were using to help you walk. And when you did get home and stepped through the front door, you saw me, but--” “Your mother vanished into thin air,” said Adam. He paused to play out string and watch the kite float higher above the river. “The torc answered my wish, but its price was to ruin me. One minute Tabitha was there, as full of life as anyone can be--and the next she was gone.” Now Gabriel had to ask the dreadful question that haunted his dreams and lingered on the edges of his wakeful thoughts. “Dad, is she dead?” Adam accidentally jerked on the kite string. “Dead? Oh, my goodness. Absolutely not! If she were, I would feel it!” “How?” For a moment, Adam Finley looked embarrassed. He was a professor, a logical man who cited evidence to prove his points. He hated to admit that a feeling could be more significant than a fact. He chewed at his beard for a moment. “Well, I can’t explain it.” Then he frowned at the kite and began to turn the string winder to draw it nearer. “I believe that when the torc makes people disappear, it splits them--soul from body. I think Tabitha is alive because . . . well, because I sense her with me.” The professor looked worried that his son might laugh, but Gabriel seemed relieved. “Dad, has she ever talked to you?” “No. I just feel her presence.” Mr. Finley looked anxiously at Gabriel. “Has she talked to you?” “No, but . . .” Gabriel shrugged. “Sometimes I feel the same thing. She’s here, somewhere.” He raised his hand to his heart and rested it there. “Ah.” Adam nodded. “So it’s a matter of figuring out how, um . . .” “To bring her back?” offered Gabriel. Before Adam could reply, a gust almost wrenched the metal string winder from his grip. “Good heavens, this wind is quite strong,” he said. “Help me.” They both wrestled to hold on to the winder, but snap! The frayed end of the string whipped away, and the untethered kite flew upward until it was lost in the great blue sky. The two of them stared bleakly into an infinity of blueness. “Oh well,” sighed Adam at last. “It’s just a kite.” As they walked back along the path, Adam continued their conversation. “Gabriel . . . I am quite determined to find your mother. I promise you that. We will bring her back.” “How?” “Well, the one thing we know about the physical world is that nothing just disappears. That kite, for example, will land somewhere.” “We just don’t know where,” said Gabriel sadly. “Don’t lose hope,” said Adam. “On Monday I go back to teaching my classes, but I’ll use every spare minute I have to find out where ‘disappeared’ things go.” “What can I do?” asked Gabriel. “Continue with school, of course,” replied his father. “Teachers, classes, homework, the usual.” Gabriel’s heart sank. How could he possibly go back to the usual when his father had raised the possibility of bringing his mother home? School was so boring after rescuing his father from a prison cell and defeating his demon uncle in a duel of riddles, not to mention escaping a collapsing underground city. “But I want to help find Mom,” he said. “Don’t forget, I have my own amicus, Paladin. We could paravolate all over the city and even farther.” “And there are plenty of valravens loyal to Corax who would relish capturing you, especially for revenge.” “But I’ve fought valravens before. Paladin and I fought an eagle! And we have birds on our side, like the great horned owls!” “Gabriel?” Mr. Finley suddenly became stern. “I don’t want you to paravolate.” The boy’s shoulders dropped. “But why? I’m not like Corax when he was a kid.” Adam laughed. “I wasn’t suggesting you are.” By now, they were walking beneath the span of the Brooklyn Bridge. The slick gray current of the East River rolled by with immense power and speed. “Dad?” said Gabriel, finally. “Do you remember me telling you about the robin named Snitcher who stole the torc after Corax vanished?” “Yes, you followed him out of Aviopolis and he disappeared.” “Well, what happens if he makes wishes with the torc?” “Very good question,” replied Mr. Finley. “Have you seen him?” “No, but if I do, shouldn’t I try to get the torc back?” The professor paused for a moment to think. “I’m not too concerned about a robin,” he said at last. “They have such small brains; they’re much more likely to take orders than give them.” “Whew,” said Gabriel. “I was worried about that.”   Snitcher  And what had happened to the robin? In the weeks since the fall of Aviopolis, Corax’s little red-breasted lieutenant had been enjoying his freedom in the blue skies of Brooklyn. He didn’t miss digging for ugly gray grubs or sipping from the murky puddles of Corax’s gloomy underground domain. Now he enjoyed pink worms, doughnut crumbs, and pizza crusts. In fact, the robin regretted stealing the torc because it weighed so heavily around his neck. He had tried to shake it off, but it grew tighter when he resisted it. Snitcher might have tolerated this, too, but for the voice that spoke from the necklace. Snitcher? Where are we? said the voice one frosty morning as the robin settled upon a smoking chimney to warm himself. The startled robin glanced around. “Who said that?” It is I, Corax, you fool. . . . Have you forgotten that my soul is trapped inside this thing? Indeed, with each word, the torc shook with fearsome intensity. The robin gulped. “Dear master,” he replied, “we’re in a place called Brooklyn. Your great citadel is rubble and dust.” Then my valravens must be awaiting my orders. I have a domain to rebuild. We must find my body! I must plot my revenge! “How would I know where your body is? You’re just a voice in my ear,” replied the robin. This reply infuriated Corax. How can I rule like this? Formless, adrift, lost . . . I must wish myself free! The puzzled robin waited expectantly. Several moments passed without any bright flash, tingle, or transformation. “Master?” said the bird finally. “What’s taking so long?” It seems I am helpless, replied Corax. This torc binds me as tight as manacles and leg irons. The voice stopped, as if thinking. Snitcher, I have an idea, it began again. Perhaps if you were to wish me to be united with my body, it would obey. “Yes, Your Eminence!” The robin puffed out his scarlet chest, and his two beady black eyes trembled as he tried to concentrate (a staggeringly difficult task for a robin). “I wish that my master, Corax, the Lord of Air and Darkness, were whole and standing here before me.” Again, nothing happened. The torc hung around the robin’s neck like a dull trinket. “Hmm,” said the robin. “Perhaps it is broken, Your Eminence.” Broken? Corax’s voice turned scornful. Impossible! It answered the Finley boy’s wishes. He brought down my citadel and destroyed Aviopolis. “I think it’s broken,” repeated the dim bird. Black magic does not break, muttered Corax. And if my soul is trapped in this torc, what has become of the rest of me? Where does the body go when the soul is cast adrift? “It’s all Gabriel Finley’s fault. He brought down your citadel and destroyed Aviopo--” I just said that! snapped Corax. “The Finley boy should be destroyed,” suggested the robin. “That would solve all your troubles. Useless child. And his father. I bet he broke the torc.” Silence! They were a most unhappy pair. The robin wouldn’t stop talking and Corax wouldn’t stop telling him to be quiet. Eventually, however, something uttered by Snitcher gave Corax an idea. “I’ve watched them through the window,” the robin confessed. “The boy shares riddles with his raven, the father reads from his wall of books--” That’s it! Adam Finley has studied the torc for years. The boy and his father understand its power. They must hold the key to my freedom. “I know the way to their house,” said the robin. Very good, Snitcher. We must listen at their windows. Go there now! “Yes, Eminence.” Snitcher took to the air, and flapped over the rooftops of Brooklyn while the cumbersome necklace bore down on his neck. Presently, he began to feel tired and hungry. “Your Eminence,” he pleaded, “I’m starving. Surely first I could--” I command you to go to the Finley house! In moments, the frightened robin had flown to a window on the topmost floor of an old brownstone on Fifth Street. He perched on the windowsill, then peered into the room, with its single occupant. It was a boy around twelve years old, asleep in bed. Upon a bed knob was a very handsome raven with black satin feathers and a ruff of single quills around his neck. This was Paladin. The raven had been sleeping with his head tucked under his wing, but grew alert when he heard a sound. His neck feathers rose in alarm, and he turned to the window. The robin stared back at him, his little black eyes ruthless and vengeful. Gabriel, wake up! There’s a robin at the window. I’m positive that it’s Snitcher, with that wicked torc around his neck. Paladin’s silent message woke Gabriel, who quickly rubbed the sleep from his eyes and sat up. He squinted at the window and saw the little bird through the pane of glass. Then he noticed the indentation around the robin’s scarlet breast. “You’re right, Paladin,” he replied. “But my dad said there’s no safer place for the torc than around a robin’s neck--they’re followers, not leaders.” Paladin scrutinized the robin. I’m not so sure your father is correct. I don’t like the look in that bird’s eyes. As Gabriel got dressed, Paladin raised his wings and flew at the window, issuing a threatening cry. The startled robin staggered backward, and toppled out of view. From downstairs, a voice announced breakfast. Gabriel set Paladin upon his shoulder and hurried to the kitchen. Adam Finley was eating breakfast beside a tall, spindly woman with red hair bound in a topknot. This was Gabriel’s Aunt Jaz, Adam’s sister. She was a schoolteacher. Her faint eyebrows were drawn in with dark mascara to resemble two little boomerangs, which gave her an expression of perpetual surprise. “Good morning, Gabriel,” she said. “Bonjour, Paladin.” “Bonjour, Madame,” said Paladin, bowing to Aunt Jaz. Gabriel glanced curiously at Paladin. “I didn’t know you spoke French.” “I’m teaching him a little each day,” explained Aunt Jaz. “He’s a quick learner.” At that moment, a girl about Gabriel’s age entered the kitchen. “Good morning, Mr. Finley, Aunt Jaz,” she said. “Oh, good morning, Pamela,” said Aunt Jaz. Pamela had a sensitive, yearning expression, deep brown eyes, and long, curly dark hair. She and her mother had been living with the Finleys since their apartment building had burned down last year. Pamela set her violin case by a chair and went to the stove to prepare some oatmeal. Mr. Finley glanced up from his newspaper to see Pamela pour water into a saucepan and set it on the burner. “You know,” he whispered, “the stove could make that for you.” “What?” asked Pamela. At that moment, Pamela’s mother, Trudy Baskin, entered, and Adam slyly put a finger to his lips, hinting that this was not a subject to be discussed in front of her. Although Trudy had once loved riddles, and solved one as a favor for Corax long ago, the years had changed her. She had cropped gray hair and piercing blue eyes, and a pinched, irritable personality. Gabriel didn’t know much about her past, but he felt pretty sure that some unpleasant event had erased her sense of humor and fun. This morning he braced himself for Trudy’s first words. “Oh,” she said, noticing Paladin on his shoulder. “You brought that filthy bird downstairs.” “He’s not filthy,” Gabriel replied. “He’s full of germs.” “We’re all full of germs,” countered Gabriel. “That’s a fact.” “It’s a filthy fact.” Trudy sniffed. Gabriel uttered a soft sigh, which earned him a sympathetic smile from Pamela. She understood his special relationship with Paladin. As one of the three friends who had helped Gabriel rescue his father from Aviopolis, Pamela knew all about paravolating and valravens and the power of the torc. Pamela most envied Gabriel because of the Finley family history of bonding with ravens. She wished she could be a raven’s amicus and fly, as he could. “Well, I must be off,” said Aunt Jaz, finishing her coffee. “I have a new teacher to welcome at school today. Gabriel, are you coming?” Gabriel had just plucked his toast from the toaster, so he waved to Aunt Jaz and explained that he would walk with his friends. “Okay. Have a nice day, everybody!” said Aunt Jaz. As the front door slammed, Pamela gave a wistful sigh. “I wish my school were just down the hill instead of a long subway ride away.”

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Product details

Age Range: 9 - 12 years

Grade Level: 4 - 7

Lexile Measure: 690L (What's this?)

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Series: Gabriel Finley (Book 2)

Hardcover: 288 pages

Publisher: Schwartz & Wade (September 19, 2017)

Language: English

ISBN-10: 0399553479

ISBN-13: 978-0399553479

Product Dimensions:

5.9 x 1 x 8.6 inches

Shipping Weight: 14.4 ounces (View shipping rates and policies)

Average Customer Review:

4.6 out of 5 stars

3 customer reviews

Amazon Best Sellers Rank:

#448,115 in Books (See Top 100 in Books)

My 9 year old loves this series. Even her 48 year old mother enjoys it! Recommended for 4th to 6th graders, but I enjoy it as an adult as well.

My daughter loves this novel can't wait for the next installment.

Gabriel Finley and the Lord of Air and Darkness is a cute adventure story that focuses on Gabriel Finley, a boy who belongs to a line of people who have been known to become magically bonded to ravens. His uncle, however, used that power for evil and Gabriel now has to fight against him in order to save his long-lost mother andThis was a fast and easy read that focuses on friendship and family. Gabriel and his friends continually get themselves into trouble when trying to be independent and solve problems themselves, but they always have each other’s backs and each has his or her own strengths. I love how close and supportive they all are of each other, yet still have a few minor disagreements; I feel like it perfectly encapsulates having a best friend group. It’s also great how supportive and trusting the adults are; Gabriel and co. aren’t running around by themselves because of absentee parents, but because they have parents who trust them to make responsible choices, which is a nice change of pace for storytelling.The story itself is exciting and has lots of twists and turns, which makes for an enthralling, page-turning experience. I could see reluctant readers being sucked into a book like this — lots of action and adventure. I haven’t read the first book, but still found it fairly easy to follow along (the first book is summarized quite well within the story). One of my favorite parts is how magic into everyday items throughout the story: stoves, writing desks, cages, etc. I enjoyed how this seems to take place in an every day world, but it’s all imbued with magic. This book also has fun with riddles, which are the key to magic in this fantasy world that Hagen has created; one of Gabriel’s friends makes a hobby of studying riddles so that she’ll be prepared when she needs them.Definitely get this for the fantasy lover in your life. While it’s been compared to Harry Potter by some, I get more of a Underland Chronicles (by Suzanne Collins) feel to it — just not as dark.

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Kamis, 01 November 2018

Free PDF Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison

Free PDF Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison

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Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison

Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison


Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison


Free PDF Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison

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Hidden in Plain Sight: What Really Caused the WorldÂ’s Worst Financial Crisis and Why It Could Happen Again, by Peter J. Wallison

About the Author

Peter J. Wallison holds the Arthur F. Burns Chair in Financial Policy Studies and is co-director of AEIÂ’s program on Financial Policy Studies. From June 1981 to January 1985, he was General Counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan Administration's proposals for deregulation in the financial services industry. His most recent book is Bad History, Worse Policy: How a False Narrative about the Financial Crisis Led to the Dodd-Frank Act (AEI Press 2013).He testifies frequently before committees of Congress, and is a frequent contributor to the op-ed pages of the Wall Street Journal and other print and online journals. He has also been a speaker at many conferences on financial services, housing, the causes of the financial crisis, the Dodd-Frank Act, accounting, and corporate governance, and is a member of the Shadow Financial Regulatory Committee, the Council on Foreign Relations, the SEC Advisory Committee on Improvements to Financial Reporting (2008), co-Chair of the Pew Financial Reform Task Force (2009), and a member of the congressionally- authorized Financial Crisis Inquiry Commission (2009-2011). In May 2011, for his work in financial policy, Mr. Wallison received an honorary doctorate in Humane Letters from the University of Colorado.

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Product details

Hardcover: 432 pages

Publisher: Encounter Books (January 13, 2015)

Language: English

ISBN-10: 1594037701

ISBN-13: 978-1594037702

Product Dimensions:

6.5 x 1.5 x 9.2 inches

Shipping Weight: 1.8 pounds (View shipping rates and policies)

Average Customer Review:

3.8 out of 5 stars

228 customer reviews

Amazon Best Sellers Rank:

#440,299 in Books (See Top 100 in Books)

One of the best - perhaps the best - explanation of the financial collapse of 2008.Most "explanations" of the cause of the crash are really a description of "What" happened: packages of mortgages (which contained some bad stuff) being traded between banks and others, which led to a financial collapse, which led to an economic downturn.In his book Peter Wallison takes us back to what created the circumstances for the mortgage meltdown: The government policies - under both Clinton and Bush II - that forced the lowering of underwriting standards, in the intent of increasing homeownership. This resulted in a higher and higher percentage of subprime mortgages (the bad stuff). Without so much of the "bad stuff" in the mix, there could not have been the "mortgage meltdown". This book demonstrates that the subprime mortgages, almost by definition,were bound to fail. Wallison gives us one very telling statistic, for 30 years - right up to 1992, when the government push to issue subprime began - the US percent of home ownership was constant at 64%. By June 2008, it was slightly above 69%. Now, after the past six years of recession and foreclosures, it is back at the historic 64%. The subprimes made all the difference.Bankers and Economists are not the only readers who will benefit from this book. The casual reader will find very helpful thedefinitions and explanations of the terms that are batted around so freely by politicians and the "talking heads" on TV; Sub-Prime and Prime for starters. This truly is a book for all investors, homeowners, and taxpayers.

The lion’s work of my multi-year project reviewing all of the post-financial crisis books which I felt warranted review is long past, and my focus now is on my own work on the subject, targeting a 2017 release. The high volume of post-2008 books came between 2009 and 2011, and a few relevant stragglers entered the fray since then. Certainly the most noteworthy of the “latecomer” books on the crisis are the 2015 work of Peter Wallison, Hidden in Plain Sight: What Really Caused the World’s Worst Financial Crisis and Why it Could Happen Again. I refer to the work as noteworthy because it is a fine book with a highly valid contribution to the study of the crisis’ causation, but also because Wallison was an actual member of the government’s Financial Crisis Inquiry Commission, a preposterous waste of taxpayer money assembled by Congress in July 2009 to thoroughly investigate the crisis and its causes. It was not just a waste of money because the commission’s findings got everything wrong (Wallison admirably was the sole dissenter from the commission’s pre-baked conclusions), but also because the whole pre-text for the inquiry was to guide changes in policy that could stem the tide in the future. The Obama administration’s remedy to the financial crisis – the Dodd-Frank legislation – was rammed through Congress into law before this commission had even completed its work or submitted its findings. It was a show pony of an investigation, but it did nevertheless contain one Peter Wallison, and now several years later he has come out to give us his thesis on what really caused the crisis, and why he could not go along with the Congressional farce.His thesis is, in a nutshell, that it was government housing policy that caused the financial crisis. No shocker there. He essentially uses data point after data point after data point to incontestably prove that (a) 31 million “non-traditional” mortgages came into the American economy by 2008 (NTM being the more important classification than the media’s love of the term “subprime”, as it combines where the real toxicity proved to be – in the combination of subprime with “Alt-A” – ‘alternatives to agencies’, or loans that didn’t mean the underwriting standards of Fannie/Freddie; these 31 million NTM’s were at the heart of the crisis; and (b) They were the direct result of government housing policy which created them into being; and (c) The mere existence of this massive bloc of troubled mortgages was bad enough, but the extensive effort to cover up their existence – to hide or suppress the real number of NTM’s in the system, – led to a very faulty climate for risk-taking; and (d) Efforts to continue legislating social mandates via government housing policy will continue to lead to economic instability and even repeated crises.That may have been a mouthful. It was certainly a mouthful to read his 361 pages of substantiation. But the basics of his conclusions are simple enough, and if left alone, not really problematic. There would have been no financial crisis without aggressive government mandates to increase lending where it did not belong, and that misguided belief that social policy could be administered through the economic experimentation of various lending mandates created an intensely malignant culture in the world of mortgage lending. Wallison further proves beyond any shadow of any doubt that Fannie Mae and Freddie Mac did not merely get “caught up in the pursuit of ill-gotten gains,” as is often alleged, mostly as an attempt to even blame free market greed for Fannie/Freddie’s decidedly non-free market troubles. Rather, Wallison proves, Fannie and Freddie got heavy into the NTM world because they had no choice if they were o meet their government mandates. I have read a dozen critiques of Wallison’s work, and none of them dispute his raw data in this regard.So with a useful book on misguided government social/housing policy as a core piece of the financial crisis, why do I need to find fault at all? The problem I have with this mostly fine work is that Wallison is not content to trust his own contentions about the crisis; he decides to conclude something more than the truth of his own thesis requires him to conclude. For Wallison, it is not just that government housing policy was a key piece, or the key piece, or a sine qua non in this crisis. For whatever reason, Wallison felt the need to additionally conclude that all other contributors to what became the 2008 crisis were not contributors at all – not in a complementary way, not in a supplementary way, not in a toxic accelerant way – they simply should be dismissed out of hand. This conclusion is frustrating to a thoughtful reader, for it is highly unnecessary for one also convinced of Wallison’s underlying work, and because it is simply preposterous on its face. The lengths Wallison goes to in order to claim that Federal Reserve monetary policy played no role in fertilizing the 2002-2006 housing bubble is cartoonishly silly. Perhaps no segment of the book is more disappointing than his completely indefensible supposition that there was no material inter-connectedness in the financial system, and that the CDS problem (credit default swaps) were easily remedied by one financial institution just replacing the CDS from one defunct firm (say, Bear Stearns) with a CDS from another healthy firm (he goes so far as to say a homeowner just needs to replace a bankrupt fire insurance company with another, never stopping to consider that in 2008 the entire business of this “fire insurance” was dead on arrival, since all of the companies were in over their heads with them, no one trusted each other’s marks, and surely no one wanted to write what had just brought down another firm (Bear, Lehman, etc.). My frustration with Wallison’s reckless conclusions that essentially all was well in Bear and Lehman land is not just how completely and empirically wrong they are, but how unnecessary they were for this book. He decided to throw out the “perfect storm” hypothesis about the crisis – the one that says it was the cocktail of government housing policy, Fed monetary policy, Wall Street leverage, rating agency corruption, and all other such assembled theories – and rather than conclude that nearly every problem which has been diagnosed in the financial crisis autopsy has some validity to it, even if some more culpability than others, he decides to discard all the others in their entirety. And in doing so, I fear, he loses incredible legitimacy for his very legitimate basic thesis.The financial crisis would have never happened without the accelerated attempt of Washington D.C. to legislate social policy through housing policy. One of the results of this fatal government initiative was a non-traditional mortgage glut that surpassed 31 million in number. The accompanying and unsurprising problems that these non-traditional mortgages created were the source of the financial crisis, and to the extent that Wallison’s book carefully and academically defends everything the prior three sentences say, his book was a helpful and needed work for students of the crisis (and a society that says they don’t want it to happen again). But the story as told in the preceding three sentences is not the whole story, as those 31 million NTM’s were the critical mass of an inter-connected financial system that levered up on insanity. They levered up on human greed, and I don’t mean the Wall Street banker kind of greed that wanted a bigger bonus. The financial system levered up on the greed of Main Street, that a covetous purchase of a home you could not afford was a good and noble thing, and it was our financial system’s bet on Main Street that proved fatal. Lehman’s collapse did not cause the financial crisis; it was caused by the financial crisis. After reading Wallison’s book readers will understand that crisis even more, but they will not understand it completely.

This book is must reading for anyone who continues to believe more and bigger government is the solution to all our problems. Until our leaders/politicians are willing to own up to and be honest about their own mistakes rather than trying to hide them through spin, Washington does not deserve our trust and confidence. This book is methodically researched and written to show the root causes of the 2008 mortgage crisis. It makes clear Washington's own culpability in causing the crisis and that subsequent investigations covered that up. It also makes the valid point that until Washington is honest with itself about the causes of a problem, it will be incapable of legislating solutions to prevent them from reoccurring in the future. Dodd Frank was passed to carry out an political agenda and did not put in place laws that would have prevented the mortgage crisis from occurring in the first place.

Absolutely flabbergasting. This book is non-stop facts and stats essentially debunking the current 2008 Crisis narrative. Wallison, who was on the FCIC investigation into the crisis, has expanded his dissenting position and supplemented it with internal memos, quotes from speeches and promotions showing just how the housing bubble was created and why.Fannie Mae and the politicians and activists behind the housing bubble are convicted by their own mouths. They say explicitly what they intend to do, then congratulate themselves on having done it, in speeches, in memos, in documented self-promotion. They were pleased as punch that they undermined sound underwriting standards and forcibly spiked the housing demand. When everything came crashing down they blamed the usual suspects, wall street greed and lack of regulation. The hypocrisy is stunning.This book is essential reading for anyone who wants to understand the 2008 crisis and the 2007 housing bubble.

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