Financial shock : a 360° look at the subprime mortgage implosion, and how to avoid the next financial crisis /
Mark Zandi.
- Upper Saddle River, N.J. : Pearson Education, c2009.
- 270 p. : ill., maps ; 24 cm.
Includes bibliographical references (p. 245-257) and index.
Introduction 1 (8) Subprime Precis 9 (20) Sizing Up Subprime 29 (16) Everyone Should Own a Home 45 (18) Chairman Greenspan Counts on Housing 63 (16) Global Money Men Want a Piece 79 (16) Bad Lenders Drive Out the Good 95 (16) Financial Engineers and Their Creations 111 (18) Home Builders Run Aground 129 (14) As the Regulatory Cycle Turns 143 (16) Boom, Bubble, Bust, and Crash 159 (14) Credit Crunch 173 (18) Timid Policymakers Turn Bold 191 (22) Economic Fallout 213 (16) Back to the Future 229 (16) Endnotes 245 (14) Index 259
Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home "flippers" and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future.
Subprime mortgage loans--United States. Housing--Finance.--United States Préstamos hipotecarios subprime --Estados Unidos Vivienda--Financiación --Estados Unidos Financiación de vivienda --Estados Unidos