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Financial shock : global panic and government bailouts : how we got here and what must be done to fix it / Mark Zandi.

By: Material type: TextTextLanguage: English Publication details: Upper Saddle River, NJ : Pearson Education, c2009.Edition: Updated edDescription: 293 p. : ill. ; 23 cmISBN:
  • 0137016638
  • 9780137016631
Subject(s): DDC classification:
  • 332.7/220973
LOC classification:
  • HG 2040.5 Z27fi 2009
Contents:
Subprime précis -- Sizing up subprime -- Everyone should own a home -- Chairman Greenspan counts on housing -- Global money men want a piece -- Bad lenders drive out the good -- Financial engineers and their creations -- Home builders run aground -- As the regulatory cycle turns -- Boom, bubble, bust, and crash -- Credit crunch -- Timid policymakers turn bold -- Economic fallout -- Back to the future.
Summary: Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home "flippers" and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future
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Includes bibliographical references and index.

Subprime précis -- Sizing up subprime -- Everyone should own a home -- Chairman Greenspan counts on housing -- Global money men want a piece -- Bad lenders drive out the good -- Financial engineers and their creations -- Home builders run aground -- As the regulatory cycle turns -- Boom, bubble, bust, and crash -- Credit crunch -- Timid policymakers turn bold -- Economic fallout -- Back to the future.

Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home "flippers" and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future

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