In July 2007, the combination of a seemingly unstoppable rise in house prices and bullish banks swimming in liquidity meant that almost anyone could get a mortgage in the UK or US. Little more than a month later the supply of credit dried up practically overnight, leaving the wo…
In July 2007, the combination of a seemingly unstoppable rise in house prices and bullish banks swimming in liquidity meant that almost anyone could get a mortgage in the UK or US. Little more than a month later the supply of credit dried up practically overnight, leaving the wo…
Annotation
The book contains a comprehensive review of all aspects of credit control, and repeatedly argues that credit control is most important in boom times; the mistakes we make then are the ones that come home to roost in a recession. It stresses the crucial need for analysis of all f…
