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Another Big Lie: How the Government Stole Billions From The American Dream Of Home Ownership. And Got Caught!
In his book, Another Big Lie, author Tim Pagliara details the decade-long fight over the government’s role in regulating a safe and sound mortgage market. At the heart of the story is the contrarian bet investors made to buy Fannie Mae and Freddie Mac—government sponsored entities, GSEs—securities in the heat of the mortgage crisis in late 2008. This is the story of how a select group of GSE investors exposed the government’s theft of billions of dollars from the American dream of homeownership.Madison opined in the Federalist papers that “If Men were Angels” we wouldn’t need government. And yet, in Another Big Lie, Pagliara examines what happens when all three branches of government—executive, legislative, and judicial—fail, exposing the truth about the housing market, a corrupt legislative process in the Senate, and the various attempts that tried and failed to blame the financial crisis on the GSEs.
276 pages, Kindle Edition
Published December 3, 2020
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Displaying 1 - 13 of 13 reviews
April 12, 2021
Could this have been the largest theft in the history of the financial world?
A comprehensive and fascinating account as to what really happened to the housing market in the US that led to the crash of 2008, according to the authors research. Written in a straightforward and an often humorous style, he first traces the history of the American Dream or vision that all citizens should be able to afford to own property and a house to live in. The history of this saga is traced almost to the beginning of the United States and describes the various difficulties and recessions that have plagued the industry. According to the detailed research of the author, the conspiracy and mistruths from all three branches of the government were finally uncovered in 2016 when Donald Trump was elected as president of the US, and corrective actions in a series of court cases were able to partially rectify the situation finally. In a final analysis, the author recommends readers from all sectors to take an active interest in private home markets and financial products offered as there is no guarantee that a similar situation may not occur again in the future. I found this book fascinating reading, as an ex-financial advisor myself, and I will be interested to follow what responses the monumental and concrete allegations in this book receive.
A comprehensive and fascinating account as to what really happened to the housing market in the US that led to the crash of 2008, according to the authors research. Written in a straightforward and an often humorous style, he first traces the history of the American Dream or vision that all citizens should be able to afford to own property and a house to live in. The history of this saga is traced almost to the beginning of the United States and describes the various difficulties and recessions that have plagued the industry. According to the detailed research of the author, the conspiracy and mistruths from all three branches of the government were finally uncovered in 2016 when Donald Trump was elected as president of the US, and corrective actions in a series of court cases were able to partially rectify the situation finally. In a final analysis, the author recommends readers from all sectors to take an active interest in private home markets and financial products offered as there is no guarantee that a similar situation may not occur again in the future. I found this book fascinating reading, as an ex-financial advisor myself, and I will be interested to follow what responses the monumental and concrete allegations in this book receive.
April 3, 2021
If you ever wondered how the 2008 big housing market crash was allowed to happen, then this book could possibly answer the question for you. Tim Pagliara explores all the events leading up to the big crash, the failing of the government in protecting us, the consumers, and the aftermath that still affects us today. The GSE promoted the narrative that the big 2 Freddie Mac and Fannie Mae caused the housing crash through bad investments, greedy lending and coverups. The author goes to great lengths to expose the truth, the lies and everything in between.
I found this to be really interesting. I wasn’t a homeowner until 2012, so I escaped the great crash and plummeting of home values, however, I think that this book serves as a cautionary tale to those who put their trust 100% in the government and their lenders. We all need to consider backup plans in case our mortgages fail again.
I found this to be really interesting. I wasn’t a homeowner until 2012, so I escaped the great crash and plummeting of home values, however, I think that this book serves as a cautionary tale to those who put their trust 100% in the government and their lenders. We all need to consider backup plans in case our mortgages fail again.
April 8, 2021
Wow
It has never been made clearer than with this book just how corrupted a government can be. With the details in this book, Pagliara describes the government’s involvement in the mortgage crisis that occurred. To own a home is what most people dream of, but sometimes the potential for something to go wrong (in a big way) makes me double think about wanting a home of my own. This book was quite the eye-opener. I had known about the Fannie May situation, but because I was young at the time it had not affected me as much. I cannot even say how it affected my parents as I do not remember them mentioning this. This book is filled with a lot of details and very important information. I would recommend this book to anyone who would like to educate themselves a bit more. Truly great.
It has never been made clearer than with this book just how corrupted a government can be. With the details in this book, Pagliara describes the government’s involvement in the mortgage crisis that occurred. To own a home is what most people dream of, but sometimes the potential for something to go wrong (in a big way) makes me double think about wanting a home of my own. This book was quite the eye-opener. I had known about the Fannie May situation, but because I was young at the time it had not affected me as much. I cannot even say how it affected my parents as I do not remember them mentioning this. This book is filled with a lot of details and very important information. I would recommend this book to anyone who would like to educate themselves a bit more. Truly great.
April 8, 2021
As the title suggests, Another Big Lie touches on this well-known theme, lies. Author Tim Paglair has been able to pen an easy-to-read book where he exposes the government’s theft of billions of dollars from the American dream of homeownership and how it got caught.
Pagliara is the founder, chairman, and chief investment officer of CapWealth, an independent,
SEC-registered investment advisory firm, so he knows what he is writing about. He has been able to
develop this book in 16 chapters written in the first person where he examines all three branches of government and sheds light on corruption, theft and financial crisis.
Even though the topic may sound difficult to grasp, the fact that simple vocabulary and grammar have been employed has helped me understand the sequences of events. Great piece of literature!
Pagliara is the founder, chairman, and chief investment officer of CapWealth, an independent,
SEC-registered investment advisory firm, so he knows what he is writing about. He has been able to
develop this book in 16 chapters written in the first person where he examines all three branches of government and sheds light on corruption, theft and financial crisis.
Even though the topic may sound difficult to grasp, the fact that simple vocabulary and grammar have been employed has helped me understand the sequences of events. Great piece of literature!
April 1, 2021
This is an incredible and revealing story that explains how the American government took advantage of many people’s dreams of owning a house to steal their money.
In “Another Big Lie”, author Tim Pagliara tells us how a high profile group of investors unveild the million of dollars stolen during a context of housing crisis in 2008.
When I finished reading this book, I got a feeling of relief and confirmation of my own suspicions and thoughts. I found this book very well narrated, with clear explanations of very strong and delicate events and facts. I think the author has taken a great risk when writing this story and that he was very clever and precise about every piece of information he included in this book.
In “Another Big Lie”, author Tim Pagliara tells us how a high profile group of investors unveild the million of dollars stolen during a context of housing crisis in 2008.
When I finished reading this book, I got a feeling of relief and confirmation of my own suspicions and thoughts. I found this book very well narrated, with clear explanations of very strong and delicate events and facts. I think the author has taken a great risk when writing this story and that he was very clever and precise about every piece of information he included in this book.
April 8, 2021
An informative, interesting reading
As the cover of the book and its name caught my attention, I decided to take a look at it. “Another Big Lie” turned out to be an interesting and compelling reading written by Tim Pagliari, who is the originator and chief investment officer in CapWealth. In this piece of work, he introduces the way the American government has cheated and got money unjustly from the American Dream of homeownership.
While I was reading, I found some expressions that were new for me, so I searched more on the web about this. I learned many things connected to some political issues. The author´s writing style is engaging and it was easy to follow throughout the whole investigation. I highly recommend it.
As the cover of the book and its name caught my attention, I decided to take a look at it. “Another Big Lie” turned out to be an interesting and compelling reading written by Tim Pagliari, who is the originator and chief investment officer in CapWealth. In this piece of work, he introduces the way the American government has cheated and got money unjustly from the American Dream of homeownership.
While I was reading, I found some expressions that were new for me, so I searched more on the web about this. I learned many things connected to some political issues. The author´s writing style is engaging and it was easy to follow throughout the whole investigation. I highly recommend it.
June 23, 2024
Not a fan. Everyone knows that the GSEs are tied to the derivatives markets and the systemic infection that taking Fannie Mae and Freddie Mac into conservatorship had on the collateral FAS 157 MTM value of both illiquid Govt Securities used for LBIE LBHI Repo 105 movement off-the-books to UBS Barclays and KBC Bank through the UK/EU broker dealer. When prices fell to the floor on Sep 7, 2008 LBHI was forced to make cash collateral payments of over $7B to Citigroup and JPMorgan to clear their repo trades for daily operation. When the UK LBIE broker dealer was pulled into inflation the morning of Sep 15 2008, Pagliara should mention pending assets/cash off the books and their eventual value being released to the private sector from conservatorship also finishing the CH 11 of LBHI and al counterparties using LBIE via LBHI and formerly LBI and LBSF before their successful SIPA and CH 11 closed respectively. There are pending Repo 105 txns in off the books bank accounts that can only be moved once the value from Fannie Mae, Freddie Mac, and even FHLBanks securities are effected by a Trump warrants conversion to common shares and an asset sale of at least the current book value $60 on IBKR Pro which fluctuates but it wouldn't be unfair for a low number for such a highly profitable company. I would imagine $200 per share of common stock for GSEs is likely as demand has spread. Tim is not good enough for me imo at market conditions and studying the accounting from the 2011 Jenner and Block Examiner's Report on Lehman Brothers accounting practices and focuses on none of the counterparties that we're dealing US Treasuries, MBS secondary markets, and so forth. Even holding GSE securities that simply need a private market motivated admin that is read to sell these for great value boosting the value of all shares as they hit the NYSE and volume explodes as well as liquidity. Tim doesn't mention investment going from the West to China because of 2008 stimulus by the CCP to spur growth that stopped paying returns when the market crashed in 2020-2021. That's because I think he is too involved in litigating different opinions than productive debate.
I didn't like this so I quit reading. It was too Hollywood for me, less facts than I'd expected. I don't like the lack of actual accounting and market factors for the failures and more of the blaming institutions and the private sector because that's what leads to socialism.
I didn't like this so I quit reading. It was too Hollywood for me, less facts than I'd expected. I don't like the lack of actual accounting and market factors for the failures and more of the blaming institutions and the private sector because that's what leads to socialism.
March 30, 2021
Interesting and clear
Another Big Lie by author Tim Paglaiar is a book that called my attention at first sight and after reading its description I was sure I wanted to read it.
I always like reading about the American dream and life in America and that was the starting point for reading this book. It is clear that the author knows what he is talking about, something that can be easily grasped while reading and also something that adds importance to the narrative. Talking about that, it is clear and easy to follow, and although it is not a short read, once I started reading I felt it smoothly and not heavy at all.
This is a very interesting read that was carefully written and one that I enjoyed from beginning to end. For these reasons, I certainly recommend reading it.
Another Big Lie by author Tim Paglaiar is a book that called my attention at first sight and after reading its description I was sure I wanted to read it.
I always like reading about the American dream and life in America and that was the starting point for reading this book. It is clear that the author knows what he is talking about, something that can be easily grasped while reading and also something that adds importance to the narrative. Talking about that, it is clear and easy to follow, and although it is not a short read, once I started reading I felt it smoothly and not heavy at all.
This is a very interesting read that was carefully written and one that I enjoyed from beginning to end. For these reasons, I certainly recommend reading it.
April 7, 2021
After just listening and being a witness for nine years, T. Paglaiar felt it was the right time to put pen to paper and write about his experiences with the house finances reform and to tell the world how two financial companies, which were controlled by the government,
were stealing from US citizens. Another Big Lie is a clear, interesting and straightforward book that has captured my attention and has made me really interested in the secret and undercovered business of the fat cats of Wall Street and those of Washington.
I was shocked to read about some astonishing facts and surprising anecdotes that every US inhabitant should be aware of. T. Paglaiar has explained some difficult issues in very simple vocabulary, which has made this book really easy to follow and to understand.
were stealing from US citizens. Another Big Lie is a clear, interesting and straightforward book that has captured my attention and has made me really interested in the secret and undercovered business of the fat cats of Wall Street and those of Washington.
I was shocked to read about some astonishing facts and surprising anecdotes that every US inhabitant should be aware of. T. Paglaiar has explained some difficult issues in very simple vocabulary, which has made this book really easy to follow and to understand.
March 28, 2021
“Another Big Lie” by Tim Pagliara is a book that opened my head in an unexpected way. It gave me another perspective in the way the government plays with us. It was such a terrible book that it made me feel angry and anxious. I could not believe some parts!
This middle-length book was a bit slow at first because it has some unknown expressions to me, that I had to look up in the dictionary but it was really interesting and I think it is a really important read because it kept me informed about topics like the mortgage market.
All in all, I highly recommend this piece of writing, especially for people my age.
This middle-length book was a bit slow at first because it has some unknown expressions to me, that I had to look up in the dictionary but it was really interesting and I think it is a really important read because it kept me informed about topics like the mortgage market.
All in all, I highly recommend this piece of writing, especially for people my age.
April 2, 2021
I was really intrigued about this story; even though I don’t always grab books related to politics, this one certainly caught my eye.
“Another Big Lie” is a great documentary read. Author Tim Pagliara did a great job laying out everything that went down and the consequences those events caused to many people. I like how he gives a lot of information and arguments on how the government, in all three branches, did an awful job on managing people’s money.
I think it is a great read overall. It opened my mind on a whole new level in all of these subjects, making me more aware of how politics really work.
“Another Big Lie” is a great documentary read. Author Tim Pagliara did a great job laying out everything that went down and the consequences those events caused to many people. I like how he gives a lot of information and arguments on how the government, in all three branches, did an awful job on managing people’s money.
I think it is a great read overall. It opened my mind on a whole new level in all of these subjects, making me more aware of how politics really work.
April 2, 2021
This book, written by Tim Paglaiar, founder, chairman, and chief investment officer of CapWealth, has a great deal of the author’s knowledge on the topic. Another Big Lie is a book that caught my attention because it made me feel curious first and then interested once I started reading it.
It is really well written and clear, though I would have liked it to be a bit shorter as I found some parts a bit slow. Anyways, this is an interesting, good read from which I learnt a lot and also enjoyed.
I will recommend this to those interested in America and the so-called American dream.
It is really well written and clear, though I would have liked it to be a bit shorter as I found some parts a bit slow. Anyways, this is an interesting, good read from which I learnt a lot and also enjoyed.
I will recommend this to those interested in America and the so-called American dream.
September 8, 2021
The REAL Story
Tim Tells it like it is! This book exemplifies the underbelly of DC and their willingness to stand behind the philosophy of “The Ends justify the Means” regardless of the truth or morality.
Tim Tells it like it is! This book exemplifies the underbelly of DC and their willingness to stand behind the philosophy of “The Ends justify the Means” regardless of the truth or morality.
Displaying 1 - 13 of 13 reviews