Purchase

Amazon

Barnes & Noble

Powell's Books

Books-A-Million

Indie BookShop

Ripped Bodice

Add to Wish List

Also by Mark Zandi:

Paying The Price, September 2011
Hardcover / e-Book
Financial Shock, July 2008
Hardcover

Financial Shock
Mark Zandi

A 360? Look At The Subprime Mortgage Implosion, And How To Avoid The Next Financial Crisis

FT Press
July 2008
On Sale: July 19, 2008
288 pages
ISBN: 0137142900
EAN: 9780137142903
Hardcover
Add to Wish List

Non-Fiction

The subprime financial crisis is the decade's #1 financial story. What happened? How did it occur? And how can we prevent similar crises from happening again? Dr. Mark Zandi answers all these critical questions - systematically, carefully, and in plain English. Zandi begins with a fast-paced "history" of the crisis: where it started, how it spread, and where the fallout has landed. Next, he illuminates its deepest causes, ranging from the psychology of homeownership to Alan Greenspan's missteps. You'll watch the "flippers" at work and the real estate agents who cheered them on. You'll learn how Internet technology and access to global capital transformed mortgage lending, helping irresponsible lenders "drive out" good ones. Zandi demystifies the complex financial engineering that enabled lenders to hide growing risks...reveals how rating agencies relied on poor data and naïve assumptions to approve risky instruments...shows how global investors eagerly bought in, despite key warning signs. You'll discover how homebuilders contributed to the crisis, and how flummoxed regulators and policymakers failed to prevent it. Most important, Zandi previews tomorrow's financial shocks, offering indispensable advice for everyone they will impact: investors who must recognize emerging bubbles, policymakers who must improve oversight and citizens who must reduce their risks, so they can survive whatever comes next.

No awards found for this book.

Comments

No comments posted.

Registered users may leave comments.
Log in or register now!