Anatomy Of A Financial Crisis
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Anatomy of a Financial Crisis
Author | : M. Jarsulic |
Publisher | : Springer |
Total Pages | : 198 |
Release | : 2010-03-29 |
Genre | : Business & Economics |
ISBN | : 0230106188 |
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An indepth look at the origins and development of the current financial crisis, from an economist and Washington insider. Jarsulic explains how a wide array of financial institutions, including mortgage banks, commercial banks, and investment banks created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices.
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In the fall of 2008, America suffered a devastating economic collapse. Once valuable securities lost most or all of their value, debt markets froze, stock marke