More Mortgage Meltdown + URL: 6 Ways to Profit in These Bad Times

A clear look at how to capture investment profits during difficult financial times The U.S. economy has become crippled by the credit and real estate catastrophe. Even though we've all been affected by the calamity and have heard no shortage of news about it, it still seems unfathomable and utterly incomprehensible to most people that the actions of certain mortgage brokers, bankers, ratings agencies, and investment banks could break the economic engine of the world. Now, for the first time, and in terms everyone can grasp, noted analysts and value investing experts Whitney Tilson and Glenn Tongue explain not only how it happened, but shows that the tsunami of credit problems isn't over. The second wave has yet to come. But if you know catastrophe is looming, you can sidestep the train wreck-and even profit. You just need to understand how bad times present opportunity and where to look. More Mortgage Meltdown can help you achieve this goal. The book Breaks down the complex mortgage products and rocket-science securities Wall Street created Addresses how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis Explains exactly how the combination of aggressive lending, government missteps, and Wall Street trading practices created the perfect economic storm Shows you why the crisis is not yet over and what we can expect going forward More Mortgage Meltdown can help you understand the events that have unfolded, and put you in a better position to profit from the opportunities that arise during these tough financial times.

Praise for More Mortgage Meltdown

"You couldn't ask for better guides than Whitney and Glenn to take you through the tough times. They saw the mortgage meltdown coming and their new book can help get you through it with timely, useful, and sage advice."

—Joel Greenblatt, Managing Partner, Gotham Capital; author of The Little Book That Beats the Market and You Can Be a Stock Market Genius

"Two great students of investing explain the great economic debacle and teach us what to do about it."

—David Einhorn, founder, Greenlight Capital; author of Fooling Some of the People All of the Time

"A cogent guide to current financial events and sourcebook with investment case studies for value investing practitioners and aspirants. I strongly recommend that you give it a thorough and careful read."

—William Ackman, founder, Pershing Square Capital Management, LP

"With clarity and their typical attention to detail, Whitney and Glenn deftly illustrate key plot lines for our economic horror show. They thankfully offer some hope that all won't be lost when the house lights go up."

—Steven Romick, Partner, First Pacific Advisors, LLC

"Whitney and Glenn have done an extraordinary job alerting all who would listen of deep, and in many instances irreversible, perils confronting financial industry investors with exposure to U.S. mortgage industry securities. While most bank analysts busied themselves rearranging deck chairs on our financial Titanic, Whitney and Glenn fixed their vision on mortgage industry icebergs. While there is surely enough blame to be spread around as a result of the financial industry's shameful conduct, they deserve credit for speaking out with their early and accurate warnings. "

—Thomas A. Russo, Partner, Gardner Russo & Gardner

The subprime mortgage meltdown has happened. People who should never have had loans got them and then couldn't pay them back. And this doesn't include the never should have had, liar, and stupid home equity loans. The good news is that there is a light at the end of the tunnel. "T2 Partners LLC"--Jacket. Includes bibliographical references (p. 291-298) and index. Part One: What happened and why, where are we now, and what does the future hold? -- Part Two: Profiting from the meltdown What happened during the housing bubble? What caused the bubble? What are the consequences of the bubble bursting? What are the problem areas? What's next? Advice for any investor.