The banks did it : an anatomy of the financial crisis / [Neil Fligstein]
By: Fligstein, Neil [author.].
Publisher: Cambridge, Massachusetts : Harvard University Press, ©2021Description: 315 p.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780674249356.Subject(s): Financial crises -- United States -- History -- 21st century | Banks and banking -- United States -- History -- 21st century | Mortgages -- United States -- History -- 21st century | Global Financial Crisis, 2008-2009Genre/Form: Print books.| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HB3725 .F55 2021 (Browse shelf) | Available | AU00000000017642 |
Includes bibliographical references and index.
A long strange trip -- From mortgages to mortgage securitization -- The rise of the vertically integrated private banks, 1992-2001 -- Financial innovation and the alphabet soup of financial products -- The subprime moment, 2001-2008 -- The crisis and its spread worldwide -- Fraud and the financial crisis -- Why did the federal reserve miss the crisis of 2008? -- The banks did it (with the help of the government).
"To understand the 2008 financial crisis, Neil Fligstein looks to the business models of the big US banks. He shows how firms got hooked on mortgages-originating them, securitizing them, selling those securities, and even buying the same securities. In time their addiction nearly collapsed the economy"--