The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps
Kathleen C. Engel and Patricia A. McCoy
Abstract
The subprime crisis shook the American economy to its core. How did it happen? Where was the government? Did anyone see the crisis coming? Will the new financial reforms avoid a repeat performance? This book answers these questions as it tells the story behind the subprime crisis. The book offers a reasoned account of the actions that produced the greatest economic collapse since the Great Depression. The book reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world's financial system. The book also delves into the roles of federal ... More
Keywords: subprime crisis, American economy, financial reforms, Great Depression, federal banking, securities regulators, Wall Street
Bibliographic Information
| Print publication date: 2011 | Print ISBN-13: 9780195388824 |
| Published to Oxford Scholarship Online: April 2015 | DOI:10.1093/acprof:osobl/9780195388824.001.0001 |
