Subprime Virus Reckless Credit, Regulatory Failure, and Next Steps

Name: Subprime Virus Reckless Credit, Regulatory Failure, and Next Steps
Price: 7.37 USD
Availability: InStock
ISBN: 9780195388824

ISBN-10: 0195388828

ISBN-13: 9780195388824

Edition: 2010

Authors: Kathleen C. Engel, Patricia A. McCoy

List price: $71.00

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Description:

In this lively new book, Kathleen C. Engel and Patricia A. McCoy tell the full story behind the subprime crisis. The authors, experts in the law and economics of financial regulation and consumer lending, offer a sharply reasoned, but accessible account of the actions that produced thegreatest economic collapse since the Great Depression. The Subprime Virus reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world's financial system. Wall Street peddled subprime loans to investors through complex but dodgy financialinstruments that spread like a virus. A central theme in the book is the role of federal banking and securities…

Book details

List price: $71.00
Copyright year: 2010
Publisher: Oxford University Press, Incorporated
Publication date: 1/26/2011
Binding: Hardcover
Pages: 416
Size: 6.14" wide x 9.25" long x 1.03" tall
Weight: 1.386
Language: English



Acknowledgments



Prologue



The Subprime market Takes Off



The Emergence of the Subprime Market



A Rolling Loan Gathers No Loss



Contagion



Prelude to the Storm



Meltdown



Aftermath



Regulatory Failure



The Clinton Years



OTS and OCC Power Grab



Put to the Test: OCC, OTS, and FDIC Oversight



Blind Spot: Greenspan's Federal Reserve



Wall Street Skirts Regulation



Solutions



Consumer Protection



Containing Contagion



Epilogue


Notes


Bibliography


Index