.

0 (hodnocen0 x )

EB

ONLINE

1st ed.

New York : Bloomberg Press, 2010

1 online resource (182 p.)

ISBN 9780470883501 (e-book)

ISBN 9781576603468 (alk. paper)

Includes index

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.

"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..

Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries

001716521

full

(Au-PeEL)EBL537338

(CaONFJC)MIL268395

(CaPaEBR)ebr10392550

(MiAaPQ)EBC537338

(OCoLC)638860368