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The financial crisis : who is to blame? / Howard Davies
Bib ID 4981806
Format BookBook, OnlineOnline
Author
Davies, H. (Howard), 1951-
 
Online Access
Description Cambridge, MA. : Polity Press, c2010 
vi, 229 p. ; 23 cm. 
ISBN 9780745651637 (hardback)  0745651631 (hardback)  9780745651644 (paperback)  074565164X (paperback) 
Summary

"There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007. A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular. In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development."- -Description viewed from website on 21 Sept. 2010.

Notes

Includes bibliographical references and index.

Subjects Global Financial Crisis, 2008-2009.  |  Subprime mortgage loans - United States.  |  Bank failures - United States.  |  Banking law - United States.  |  Off balance sheet financing - United States.  |  Intervention (Federal government) - United States.  |  Credit ratings - United States.

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