United States. Financial Crisis Inquiry Commission.
New York, N.Y. : Public Affairs, 2011.
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Notes:
- Includes bibliographical references (p. 465-545).
- PART I: CRISIS ON THE HORIZON: Before our very eyes — PART II: SETTING THE STAGE: Shadow banking — Securitization and derivatives — Deregulation redux — Subprime lending — PART III: THE BOOM AND BUST: Credit expansion — The mortgage machine — The CDO machine — All in — The madness — The bust — PART IV: THE UNRAVELING: Early 2007: spreading subprime worries — Summer 2007: disruptions in funding — Late 2007 to early 2008: billions in subprime losses — March 2008: the fall of Bear Stearns — March to August 2008: systemic risk concerns — September 2008: the takeover of Fannie Mae and Freddie Mac — September 2008: the bankruptcy of Lehman — September 2008: the bailout of AIG — Crisis and panic — PART V: THE AFTERSHOCKS: The economic fallout — The foreclosure crisis — DISSENTING VIEWS: Dissenting statement / Keith Hennessey, Douglas Holtz-Eakin, Bill Thomas — Financial Crisis Inquiry Commission dissenting statement / Peter J. Wallison
- Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability.
Subjects:
- Global Financial Crisis, 2008-2009.
- Financial crises — United States.
- United States — Economic conditions.
- Subprime mortgage loans — United States.
- Mortgage-backed securities.
- Bank investments.
Requested by Arden, W