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Title: housing scandals !!
Review: No, sorry this book is not about the recent furore about subprime mortgages and ninja loans. Instead Welfeld takes us back 2 recessions ago, to the early 90s. That recession was induced by massive overbuilding. Some of which was contributed by excesses at the Department of Housing and Urban Development.The narrative is quite explicit and lays no claims of objectivity. In sometimes lurid prose, Welfeld gives a tale of key events in HUD and with the lobbyists that dealt with it. The story rolls from the 1960s to 1990. Reminding us perhaps that there are several ways to have housing scandals.
