Synopses & Reviews
The story of the recent global economic crisis is told in the words of the main players in the drama. Including quotes from bankers, rating agencies, housing agencies, regulators, politicians and media figures. Erik Banks' latest book shows why we are doomed to experience further financial crises in the future.
About the Author
ERIK BANKS is a Senior Risk Advisor for a European universal bank. Over the past 23 years, he has held senior risk positions in the investment banking and hedge fund sector in New York, Tokyo, Hong Kong, London and Munich. He is the author of more than 20 books on risk, derivatives, emerging markets and governance, including the Palgrave titles
Failure of Wall Street, (2004),
Dictionary of Finance, Investment and Banking (2009) and
Dark Pools (2010).
Table of Contents
Prologue: Crisis Redux
A Quick Recap
The US Banks Got It Wrong…
…And So Did the European Banks
The Fannie and Freddie Sinkhole
Fuel to the Fire I: The Rating Agencies
Fuel to the Fire II: Politicians and Lobbyists
A Handful of Sages
Fingerpointing and Apologies
Closing the Barn Door
Get Ready For The Next One…