How was it possible for problems in one relatively small sector in the global financial system - the American sub-prime mortgage market - to lead to the most serious economic crisis in living memory? In this book, Alistair Milne untangles the complex world of modern banking and examines solutions to the crisis. He shows how the banks misused their ability to securitize loans and, by borrowing short and lending long, exposed themselves to exceptional risks when asset prices started to fall. But it has been above all a ...
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How was it possible for problems in one relatively small sector in the global financial system - the American sub-prime mortgage market - to lead to the most serious economic crisis in living memory? In this book, Alistair Milne untangles the complex world of modern banking and examines solutions to the crisis. He shows how the banks misused their ability to securitize loans and, by borrowing short and lending long, exposed themselves to exceptional risks when asset prices started to fall. But it has been above all a collapse in trust and confidence, rather than poor lending decisions, which has fuelled the crisis. Despite all the talk of 'toxic' assets, the book argues that most assets are sound and can be repaid. The imperative is to restore confidence through collective action involving asset purchases, guarantees and recapitalization. Failure to do so will mean that taxpayers will be carrying a crippling tax burden for generations to come.
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Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $2.98, good condition, Sold by ThriftBooks-Dallas rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2009 by Cambridge University Press.
Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $3.00, good condition, Sold by HPB-Red rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2009 by Cambridge University Press.
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Add this copy of The Fall of the House of Credit to cart. $9.50, good condition, Sold by Priceless Books rated 4.0 out of 5 stars, ships from Urbana, IL, UNITED STATES, published 2009 by Cambridge University Press.
Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $10.02, very good condition, Sold by Wonder Book - Member ABAA/ILAB rated 5.0 out of 5 stars, ships from Frederick, MD, UNITED STATES, published 2009 by Cambridge University Press.
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Very Good. Very Good condition. Very Good dust jacket. A copy that may have a few cosmetic defects. May also contain light spine creasing or a few markings such as an owner's name, short gifter's inscription or light stamp.
Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $12.50, very good condition, Sold by Powell's Books Chicago rated 5.0 out of 5 stars, ships from Chicago, IL, UNITED STATES, published 2009 by Cambridge University Press.
Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $16.79, good condition, Sold by Greener Books rated 4.0 out of 5 stars, ships from London, UNITED KINGDOM, published 2009 by Cambridge University Press.
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Good. **SHIPPED FROM UK** We believe you will be completely satisfied with our quick and reliable service. All orders are dispatched as swiftly as possible! Buy with confidence! Greener Books.
Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $18.00, like new condition, Sold by Enterprise Books rated 4.0 out of 5 stars, ships from Chicago, IL, UNITED STATES, published 2009 by Cambridge University Press.
Add this copy of The Fall of the House of Credit: What Went Wrong in to cart. $19.33, fair condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 2009 by Cambridge University Press.
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This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. In fair condition, suitable as a study copy. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 850grams, ISBN: 9780521762144.
Add this copy of The Fall of the House of Credit to cart. $22.15, new condition, Sold by Books International rated 4.0 out of 5 stars, ships from Toronto, ON, CANADA, published 2009 by Cambridge University Press.
Add this copy of The Fall of the House of Credit What Went Wrong in to cart. $24.85, good condition, Sold by Rothwell & Dunworth Ltd rated 5.0 out of 5 stars, ships from Dulverton, SOMERSET, UNITED KINGDOM, published 2009 by Cambridge University Press, 2009. 9780521762144.
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1st edn. 8vo. Original gilt lettered black cloth (top edge lightly dust spotted and minor stain on fore-edge-otherwise near Fine), dustwrapper (VG in protective wrapper). Pp. xiv + 366 (no inscriptions).
