Complicit : how greed and collusion made the credit crisis unstoppable

Gilbert, Mark.

Book 2010

"Reporter and editor Mark Gilbert plumbs the origins of the sub-prime debt crisis, tracing it back to 'a silent conspiracy of the well rewarded' in banking, real estate, trading, insurance, investing, politics, regulation, credit rating, law, and economic theory"--Provided by publisher.

Item Details & Discovery

Explore Topics & Themes:

Credit United States

Financial crises United States

Mortgage banks United States

Subprime mortgage loans United States

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ISBN:

9781576603468

Edition:

First edition

Description:

182 pages

Notes:

Includes index

Contents:

Bubbles are for bathtubs. The real estate boom
Unsafe at any rating. CDOs and the companies that judged them
Priced for perfection. the financial gene pool economic Darwinism couldn't improve
Bubbles, bubbles everywhere. Global liquidity's search for a profitable home
Judgment or luck. The profits banks couldn't understand-or protect against
Knight in rusty armor. An ill-advised rescue helps show banks just how much value their collateralized debt has lost
The noose tightens. Frozen money markets confound central bankers, hurt consumers, and drive imploding investments back onto bankers' books
Central banks, unbalanced. Caught off guard, the financial authorities make up the rules as they go along
Et tu, money markets and municipals? The crunch catches vanilla investments
Giants fall. The credit crisis reaches its climax
Conclusions and policy prescriptions

LCCN:

2009048428

Control Number:

1903246

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