The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps
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?
In this lively new book, Kathleen C. Engel and Patricia A. McCoy answer these questions as they tell the story behind the subprime crisis. The authors, experts in the law and the economics of financial regulation and consumer lending, offer a sharply reasoned, but accessible account of the actions
Blending expert analysis, vivid examples, and clear prose, Engel and McCoy offer an informed portrait of the political and financial failures that led to the crisis. Equally important, they show how we can draw lessons from the crisis to inform the building of a new, more stable, prosperous, and
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LibraryThing ReviewUser Review - rivkat - LibraryThing
The driest and most wonkish account of the current economic crisis I’ve read, with substantial attention given to possible fixes for the broken system—if we have any political appetite for them ... Read full review