02958nam 2200649 a 450 991079137590332120230725015441.00-470-88551-31-282-68395-097866126839540-470-88350-2(CKB)2560000000011266(EBL)537338(OCoLC)638860368(SSID)ssj0000434755(PQKBManifestationID)12175051(PQKBTitleCode)TC0000434755(PQKBWorkID)10403468(PQKB)10623155(MiAaPQ)EBC537338(EXLCZ)99256000000001126620091207d2010 uy 0engur|n|---|||||txtccrComplicit[electronic resource] how greed and collusion made the credit crisis unstoppable /Mark Gilbert1st ed.New York Bloomberg Press20101 online resource (194 p.)Bloomberg ;v.19Includes index.1-57660-346-6 Bubbles are for bathtubs. The real estate boom -- Unsafe at any rating. CDOs and the companies that judged them -- Priced for perfection. the financial gene pool economic Darwinism couldn't improve -- Bubbles, bubbles everywhere. Global liquidity's search for a profitable home -- Judgment or luck. The profits banks couldn't understand-or protect against -- Knight in rusty armor. An ill-advised rescue helps show banks just how much value their collateralized debt has lost -- The noose tightens. Frozen money markets confound central bankers, hurt consumers, and drive imploding investments back onto bankers' books -- Central banks, unbalanced. Caught off guard, the financial authorities make up the rules as they go along -- Et tu, money markets and municipals? The crunch catches vanilla investments -- Giants fall. The credit crisis reaches its climax -- Conclusions and policy prescriptions."Reporter and editor Mark Gilbert plumbs the origins of the sub-prime debt crisis, tracing it back to 'a silent conspiracy of the well rewarded' in banking, real estate, trading, insurance, investing, politics, regulation, credit rating, law, and economic theory"--Provided by publisher.BloombergSubprime mortgage loansUnited StatesCreditUnited StatesFinancial crisesUnited StatesMortgage banksUnited StatesSubprime mortgage loansCreditFinancial crisesMortgage banks330.90511332.1332.1/7530973332.17530973Gilbert Mark262995MiAaPQMiAaPQMiAaPQBOOK9910791375903321Complicit3802196UNINA