02736nam 2200637 a 450 991078071530332120230721024407.01-282-75977-997866127597721-84816-217-0(CKB)2490000000001584(EBL)1193434(SSID)ssj0000416880(PQKBManifestationID)11304640(PQKBTitleCode)TC0000416880(PQKBWorkID)10423001(PQKB)10729445(MiAaPQ)EBC1193434(WSP)00002046 (Au-PeEL)EBL1193434(CaPaEBR)ebr10422198(CaONFJC)MIL275977(OCoLC)670429500(EXLCZ)99249000000000158420100121d2009 uy 0engurcn|||||||||txtccrEngineering a financial bloodbath[electronic resource] how sub-prime securitization destroyed the legitimacy of financial capitalism /Justin O'BrienLondon Imperial College Pressc20091 online resource (212 p.)Title-vignette.1-84816-718-0 1-84816-216-2 Includes bibliographical references and index.1. A capital battle -- 2. The price of failure -- 3. Apportioning blame -- 4. The moral hazard of intervention -- 5. The new mercantilism -- 6. Enhancing integrity through design.In July 2007, the then chief executive of Citigroup, Charles Prince, captured the hubris of a market dangerously addicted to debt: "When the music stops, in terms of liquidity, things will be complicated. But as long as music is playing, you have got to get up and dance. We're still dancing." By the end of the year, Mr Prince was forced to resign along with some of the most influential bankers on Wall Street. Global investment houses in the United States and Europe were forced to turn to sovereign wealth funds for emergency funding. Their rescue comes at a significant material and reputationalFinancial institutionsState supervisionCapital marketState supervisionFinancial crisesSubprime mortgage loansFinancial institutionsState supervision.Capital marketState supervision.Financial crises.Subprime mortgage loans.332.743O'Brien Justin(Peter Justin)857111MiAaPQMiAaPQMiAaPQBOOK9910780715303321Engineering a financial bloodbath3866677UNINA