MARC Record from marc_overdrive

LEADER: 02201nam 2200265Ka 4500
008 000000s2009 nyu s 000 0 eng d
040 $aTEFOD$cTEFOD
006 m d
007 cr cn---------
020 $a9780511590405 (electronic bk. : Adobe Digital Editions)
037 $bOverDrive, Inc.$nhttp://www.overdrive.com
100 1 $aMilne, Alistair $q(Alistair Milne).
245 14 $aThe Fall of the House of Credit$h[electronic resource].
260 $a :$bCambridge University Press,$c2009.
500 $aTitle from eBook information screen.
520 $aHow 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.
533 $aElectronic reproduction.$b :$cCambridge University Press,$d2009.$nRequires Adobe Digital Editions (file size: 1835 KB).
538 $aRequires Adobe Digital Editions (file size: 1835 KB).
653 #0 $aBusiness
653 #0 $aFinance
653 #0 $aNonfiction
655 7 $aElectronic books.$2local
856 4 $uhttp://search.overdrive.com/SearchResults.aspx?ReserveID={8C7F23A6-1591-4E06-86EC-089821CAF0A6}$zClick for library availability
856 4 $uhttp://www.librarybin.com/ContentDetails.htm?ID=8C7F23A6-1591-4E06-86EC-089821CAF0A6$zClick to purchase
856 4 $3Image$uhttp://images.contentreserve.com/ImageType-100/0006-1/{8C7F23A6-1591-4E06-86EC-089821CAF0A6}Img100.jpg