04077cam a2200433 a 4500 112226 20230410105356.0 110317s2010 enk b 001 0 eng d 16696314 acquire 1 shelf copies policy default lcc bk 2011280543 9780745651637 (hardback) 0745651631 (hardback) 9780745651644 (paperback) 074565164X (paperback) (OCoLC)ocn664616502 SIMAS SIMAS PIT CDX BWX CBU TJC IAY IAD DLC lccopycat HB 3717 D255f 2010 Davies, H. (Howard), 1951- The financial crisis : who is to blame? / Howard Davies. Cambridge, UK ; Malden, MA : Polity Press, c2010. vi, 229 p. ; 23 cm. Includes bibliographical references and index. The big picture. Frankenstein's monster: the end of laissez-faire capitalism ; The rich get richer, the poor borrow ; The savings glut: global imbalances ; Too loose for too long: U.S. monetary policy -- The trigger. Minsky's moment ; The subprime collapse: a failure of government? -- The failures of regulation. A capital shortage ; Procyclicality ; The canary in the coal mine: off-balance sheet vehicles ; The taxi at the station: liquidity ; The blind man and the elephant: U.S. regulation ; SEC, RIP? ; Financial weapons of mass destruction: derivatives ; Federal mortgage regulation ; Casino banking: the end of Glass-Steagall ; Too big to fail ; Lighting the touchpaper: light touch regulation ; There were three people in the marriage: UK regulation ; A failure of coordination ; Paradise lost: offshore centres -- Accountants, auditors and rating agencies. Shoot the messenger: fair value accounting ; Tunnel vision: the auditors ; Conflicts of interest: credit rating agencies -- Financial firms and markets. Breaking the chain: originate to distribute ; Too complex to trade: derivatives ; Disaster myopia: risk management ; The roach motel: corporate governance ; Blankfein's bonus: pay and incentives ; The vampire squid: fraud ; A plague of locusts: hedge funds ; Short-selling -- Economics and finance theory: irrational expectations. The death of economics ; Inefficient markets ; An ethics-free zone: business schools -- Wild cards. The watchdog that didn't bark: the media ; Greed is bad ; Lara Croft: video games ; Hormones -- And finally. A combustible mixture. "There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007. A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular. In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development."- -Description viewed from website on 21 Sept. 2010. Global Financial Crisis, 2008-2009. Subprime mortgage loans United States. Bank failures United States. Banking law United States. Off balance sheet financing United States. Intervention (Federal government) United States. Credit ratings United States. Crisis financiera mundial, 2008-2009 Prestamos hipotecarios Estados Unidos Quiebras bancarias Estados Unidos. Description and Table of Contents : http://www.polity.co.uk/book.asp?ref=9780745651637 35404 35404 0 0 lcc 0 0 CS BJB BJB CS 2023-04-10 1 0 HB 3717 D255f 2010 00000105482 2018-10-24 00:00:00 1 2018-10-24 bk