Why Banks Fail
With the recent credit crisis there is a renewed interest in how banks operate and sometimes fail. This book offers an understandable explanation of the complex banking system and how to prevent unreasonable risk.
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amount of money assets bank run bank to fail bank’s banking crisis banking industry banks that failed began billion boom period borrow money Canada Canada’s banking system Canadian banks cascading bank failures Charles Schumer credit crunch customers depositors Depression Dmitry Medvedev Economist failing bank Fannie Mae FDIC financial crisis financial experts financial institutions financial loss foreclosure fraud Freddie Mac FSLIC gage GSEs home loans homeowners housing boom housing bubble income increased individual IndyMac Bank interest rates investment investors Japan Japanese banks JPMorgan Chase lend money lenders loan crisis Mae and Freddie medium-sized banks monthly payments mort mortgage crisis mortgage lending mortgage payment mortgage-backed securities Oakwood Bank occurred operate Palmetto Towers pay back percent real estate loans regulations regulatory agencies risk of failure savings and loans September 2008 small banks stronger bank subprime mortgage trillion U.S. banking U.S. Congress U.S. government U.S. senator United WaMu Washington Mutual worldwide