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"The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America - and Spawned a Global Crisis" is a book that fills in the back story to the housing crisis and mortgage mess.
As 50 states jointly investigate the mortgage industry amid allegations of improper foreclosure practices, a new book released this week chronicles the rise and fall of the subprime mortgage business. Guest host Jacki Lyden speaks with author Michael Hudson about his book “The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America — and Spawned a Global Crisis.” NPR Senior Business Editor Marilyn Geewax also joins the conversation.