Chapter 1: Subprime Précis 9

Chapter 2: Sizing Up Subprime 29

Chapter 3: Everyone Should Own a Home 45

Chapter 4: Chairman Greenspan Counts on Housing 63

Chapter 5: Global Money Men Want a Piece 79

Chapter 6: Bad Lenders Drive Out the Good 95

Chapter 7: Financial Engineers and Their Creations 111

Chapter 8: Home Builders Run Aground 129

Chapter 9: As the Regulatory Cycle Turns 143

Chapter 10: Boom, Bubble, Bust, and Crash 159

Chapter 11: Credit Crunch 173

Chapter 12: Timid Policymakers Turn Bold 191

Chapter 13: Economic Fallout 213

Chapter 14: Back to the Future 229

Endnotes 245

Index 259