Complicit : how greed and collusion made the credit crisis unstoppable / Mark Gilbert.

Format:

Book

Author/Creator:

Gilbert, Mark.

Series:

Bloomberg

Bloomberg ; v.19

Language:

English

Subjects (All):

Subprime mortgage loans--United States.

Subprime mortgage loans.

Credit--United States.

Credit.

Financial crises--United States.

Financial crises.

Mortgage banks--United States.

Mortgage banks.

Physical Description:

1 online resource (194 p.)

Edition:

1st ed.

Place of Publication:

New York : Bloomberg Press, 2010.

Language Note:

English

Summary:

"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.

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.

Notes:

Includes index.

ISBN:

9786612683954

9780470885512

0470885513

9781282683952

1282683950

9780470883501

0470883502

OCLC:

638860368