LEADER 02733nam 2200649 a 450 001 9910825593903321 005 20240313222248.0 010 $a1-282-75977-9 010 $a9786612759772 010 $a1-84816-217-0 035 $a(CKB)2490000000001584 035 $a(EBL)1193434 035 $a(SSID)ssj0000416880 035 $a(PQKBManifestationID)11304640 035 $a(PQKBTitleCode)TC0000416880 035 $a(PQKBWorkID)10423001 035 $a(PQKB)10729445 035 $a(MiAaPQ)EBC1193434 035 $a(WSP)00002046 035 $a(Au-PeEL)EBL1193434 035 $a(CaPaEBR)ebr10422198 035 $a(CaONFJC)MIL275977 035 $a(OCoLC)670429500 035 $a(EXLCZ)992490000000001584 100 $a20100121d2009 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEngineering a financial bloodbath $ehow sub-prime securitization destroyed the legitimacy of financial capitalism /$fJustin O'Brien 205 $a1st ed. 210 $aLondon $cImperial College Press$dc2009 215 $a1 online resource (212 p.) 300 $aTitle-vignette. 311 $a1-84816-718-0 311 $a1-84816-216-2 320 $aIncludes bibliographical references and index. 327 $a1. 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. 330 $aIn 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 reputational 606 $aFinancial institutions$xState supervision 606 $aCapital market$xState supervision 606 $aFinancial crises 606 $aSubprime mortgage loans 615 0$aFinancial institutions$xState supervision. 615 0$aCapital market$xState supervision. 615 0$aFinancial crises. 615 0$aSubprime mortgage loans. 676 $a332.743 700 $aO'Brien$b Justin$g(Peter Justin)$0857111 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910825593903321 996 $aEngineering a financial bloodbath$94060666 997 $aUNINA