| Edition |
Authorized edition. |
| Description |
xxviii, 545 pages : illustrations, map ; 23 cm |
| Bibliography |
Includes bibliographical references (pages 547-545). |
| Summary |
Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability. |
| Contents |
PART I : CRISIS ON THE HORIZON: Before our very eyes -- PART II : SETTING THE STAGE: Shadow banking -- Securitization and derivatives -- Deregulation redux -- Subprime lending -- PART III : THE BOOM AND BUST: Credit expansion -- The mortgage machine -- The CDO machine -- All in the madness -- The bust -- PART IV : THE UNRAVELING: Early : spreading subprime worries -- Summer 20007 : disruptions in funding -- Late 2007 to early 2008 : billions in subprime losses -- March 2008 : the fall of Bear Stearns -- March to August 2008 : systemic risk concerns -- September 2008 : the takeover of Fannie Mae and Freddie Mac -- September 2008 : the bankruptcy of Lehman -- September 2008 : the bailout of AIG -- Crisis and panic -- PART V : THE AFTERSHOCKS: The economic fallout -- The foreclosure crisis -- DISSENTING VIEWS: Dissenting statement / Keith Hennessey, Douglas Holtz-Eakin, Bill Thomas -- Financial Crisis Inquiry Commission dissenting statement / Peter J. Wallison |
| Subject |
Global Financial Crisis, 2008-2009.
|
|
Financial crises -- United States.
|
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United States -- Economic conditions.
|
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Subprime mortgage loans -- United States.
|
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Mortgage-backed securities.
|
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Bank investments.
|
| Added Title |
Final report of the National Commission on the Causes of the Financial and Economic Crisis in the United States |
| ISBN |
9781610390415 |
|
1610390415 |
|
