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A fascinating close-up analysis of the causes of the 2007/8 financial crisis and its consequences - Financial Crisis places the world of finance under the microscope, bringing together evidence of the involvement of banks, governments and regulators.
Topics covered in this book include: the role of governments in the crisis, the part played by personal borrowers, banks, packaging the loans, the part played by sub-prime borrowers and lenders, regulators, academic theories, bank collapses, and frauds, bubbles and panics.
A columnist for the "Economist" discusses the history of monetary booms and busts and describes the consequences of the enormous amounts of unrepayable debt racked up by the United States for the country and its citizens.
