Explores the multiple roots of the crisis, including the build-up of global economic imbalances, the explosion in the use of novel financial instruments, the mismanagement of risk, and the specific roles played by housing and debt.casual observation how much of the total real economic loss was a result of economic failures before the crash, ... The top three most costly bailouts over 2007a2009, in terms of direct fiscal costs as a percentage of GDP, were Iceland (13%), ... The Fed got small positive returns in exchange for the occasional massive loss that would transmogrify into burden for taxpayers. ... Enumeratinga as Obama, Geithner, and others didathe fees paid and the capital returned without mentioninganbsp;...
|Title||:||Crash and Beyond|
|Publisher||:||Oxford University Press - 2013-04-11|