[eBook Code] More Mortgage Meltdown (eBook Code, 1st)

Acknowledgments vii

Introduction ix

Part One: What Happened and Why, Where Are We Now, and What Does the Future Hold?

Chapter 1 What Happened during the Housing Bubble? 3

Chapter 2 What Caused the Bubble? 29

Chapter 3 What Are the Consequences of the Bubble Bursting? 49

Chapter 4 What Are the Problem Areas? 67

Chapter 5 What’s Next? 97

Part Two: Profiting from the Meltdown

Chapter 6 Advice for All Investors 121

Chapter 7 A False Alarm on Derivatives 149

Case Study: Berkshire Hathaway

Chapter 8 A Battered Blue Chip 179

Case Study: American Express

Chapter 9 Bottom Fishing in Microcaps 199

Case Study: Resource America

Chapter 10 Opportunities in Pools of Distressed Mortgages 215

Case Study: Long Beach Mortgage Loan Trust 2006-8

Chapter 11 An Introduction to Shorting 227

Chapter 12 A Case of Questionable Reserves 241

Case Study: MBIA Inc

Chapter 13 An Ill-Fated Acquisition? 265

Case Study: Wells Fargo

Conclusion 287

Notes 291

Index 299