Wednesday, November 2, 2011

Book: Black Box Casino

While IDS was in Chicago for the 98th MBA Annual Conference we sponsored a book signing for the book: Black Box Casino How Wall Street's Risky Shadow Banking Crashed Global Finance. It was a great opportunity to reach out to our clients and partner up with Titan Lenders Corp and DepthPR to represent a book that so strongly relates to the mortgage industry crisis today.

Black Box Casino Author, Robert Stowe England made remarks during the conference shedding light on the Occupy Wall Street Phenomenon. You can see Stowe's remarks on YouTube

View at: http://www.youtube.com/watch?v=lv0jv-C0iWE .

Timely in light of the "Occupy Wall Street" phenomenon, England's remarks inform a topic that is at best vaguely understood even by the most financially savvy of disgruntled U.S. citizens. According to England, his determination to write "Black Box Casino" was prompted by his personal intrigue with "a monumental mystery that needed to be investigated and explained."

"When I began writing about the mortgage industry back in 1988, I found it to be a fascinating, tough industry in which free markets corrected and regulated the business," he explained, adding that he first met former Countrywide founder and CEO Angelo Mozillo the same year, conducting a wide-ranging, seven-hour interview.

For IDS this was a different experience, a rewarding experience. We hope that in this time of crisis everyone can come together and communicate and figure out a way to improve an industry that is dear to our hearts.

1 comment:

  1. Sounds like an interesting book! I enjoyed listening to England's commentary in the youtube video too.

    ReplyDelete