Complicit : how greed and collusion made the credit crisis unstoppable / / Mark Gilbert.
"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 pub...
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| Year of Publication: | 2010 |
| Edition: | 1st ed. |
| Language: | English |
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| Physical Description: | 182 p. |
| Notes: | Includes index. |
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Table of 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.