| Description |
1 online resource (xxi, 178 pages) : illustrations |
| Contents |
The building blocks of the financial crisis -- The house price bubble ends, the foreclosure wave begins -- The credit bubble bursts, the financial crisis begins -- Who caused this disaster? -- Implications and solutions |
| Summary |
An in-depth look at the origins and development of the current financial crisis, from an economist and Washington insider. The author explains how a wide array of financial institutions - including mortgage banks, commercial banks, and investment banks - created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices. The near-collapse is shown to be the result of multiple regulatory failures and reckless decisions by financial firms that were less sophisticated than they appeared. The author concludes that significant changes in financial market regulation, especially with respect to firms that are "too big to fail," will be needed to prevent future crises and the damage they cause |
|
An in-depth look at the origins and development of today's financial crisis, from an economist and Washington veteran. The author explains how a wide array of financial institutions--including mortgage banks, commercial banks, and investment banks--created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices. The near-collapse of the financial system is shown to be the result of multiple regulatory failures and reckless decisions by financial firms that were less sophisticated than they appeared. It argues that significant changes in financial market regulation, especially with respect to firms that are "too big to fail," will be needed to prevent future crises and the damage they cause.--P. [4] of cover |
| Analysis |
Finance |
| Bibliography |
Includes bibliographical references (pages 157-172) and index |
| Notes |
Print version record |
| Subject |
Financial crises -- United States
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Bank loans -- United States
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Real property -- Prices -- United States
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Financial crises & disasters.
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Finance.
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POLITICAL SCIENCE -- Economic Conditions.
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BUSINESS & ECONOMICS -- Economics -- Comparative.
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BUSINESS & ECONOMICS -- Economic Conditions.
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BUSINESS & ECONOMICS -- Economic History.
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Economics.
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Bank loans
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Economic history
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Financial crises
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Real property -- Prices
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Ursache
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Wirtschaftskrise
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banque -- crise financière -- Etats-Unis -- 2001 -- 2009.
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Finanskriser.
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Fast egendom.
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Banklån.
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| SUBJECT |
United States -- Economic conditions -- 2001-2009.
http://id.loc.gov/authorities/subjects/sh2001004604
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| Subject |
United States
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USA
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Förenta staterna.
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| Form |
Electronic book
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| ISBN |
9780230106185 |
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0230106188 |
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9781137295316 |
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1137295317 |
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