An edition of The Fall of the House of Credit (2009)

Fall of the House of Credit

What Went Wrong in Banking and What Can Be Done to Repair the Damage?

Fall of the House of Credit
Alistair Milne, Alistair Milne
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Last edited by ImportBot
November 19, 2022 | History
An edition of The Fall of the House of Credit (2009)

Fall of the House of Credit

What Went Wrong in Banking and What Can Be Done to Repair the Damage?

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? 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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Language
English

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Edition Availability
Cover of: Fall of the House of Credit
Fall of the House of Credit
2010, Cambridge University Press
in English
Cover of: Fall of the House of Credit
Fall of the House of Credit: What Went Wrong in Banking and What Can Be Done to Repair the Damage?
2009, Cambridge University Press
in English
Cover of: The Fall of the House of Credit
The Fall of the House of Credit
2009, Cambridge University Press
eBook in English
Cover of: Fall of the House of Credit
Fall of the House of Credit: What Went Wrong in Banking and What Can Be Done to Repair the Damage?
2009, Cambridge University Press
in English
Cover of: Fall of the House of Credit
Fall of the House of Credit: What Went Wrong in Banking and What Can Be Done to Repair the Damage?
2009, Cambridge University Press
in English
Cover of: Fall of the House of Credit
Fall of the House of Credit: What Went Wrong in Banking and What Can Be Done to Repair the Damage?
2009, Cambridge University Press
in English

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Book Details


Classifications

Library of Congress
HG1573.M55 2009

ID Numbers

Open Library
OL40506514M
ISBN 13
9780511596247

Source records

Better World Books record

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November 19, 2022 Created by ImportBot Imported from Better World Books record