GUEST: David Dayen, contributor to Salon and The Intercept, and a weekly columnist for the Fiscal Times and the New Republic. His new book is called Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud
BACKGROUND: Everyone agrees in hindsight that the mortgage crisis was the fault of big banks and shady lenders. But no individual or corporation has actually paid a serious price or been held responsible. While the US economy has yet to emerge from the Great Recession of 2008, triggered by the mortgage crisis, Wall Street corporations seem to be doing just fine. The rest of us, not so much – especially those among us who struggled with underwater mortgages, and those who lost their homes to foreclosure.
Now, a new book attempts to rewrite the history of the mortgage crisis through the eyes of three ordinary Americans who refused to accept the status quo. My guest, David Dayen tells the stories of Lisa Epstein, Michael Redman, and Lynn Szymoniak in his acclaimed new book, Chain of Title.