reckless credit, regulatory failure, and next steps /
First Statement of Responsibility
Kathleen C. Engel, Patricia A. McCoy
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York, N.Y. :
Name of Publisher, Distributor, etc.
Oxford University Press,
Date of Publication, Distribution, etc.
2011
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xi, 355 p. :
Other Physical Details
ill. ;
Dimensions
25 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (p. [295]-341) and index
CONTENTS NOTE
Text of Note
The subprime market takes off. The emergence of the subprime market -- A rolling loan gathers no loss -- Contagion. Prelude to the storm -- Meltdown -- Aftermath -- Regulatory failure. The Clinton years -- OTS and OCC power grab -- Put to the test : OCC, OTS, and FDIC oversight -- Blind spot : Greenspan's federal reserve -- Wall Street skirts regulation -- Solutions. Consumer protection -- Containing contagion
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SUMMARY OR ABSTRACT
Text of Note
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 just financial order.