false 3101822 1 The subprime financial crisis is the decade's #1 financial story. What happened? How did it occur? And how can we prevent similar crises from happening again? Dr. Mark Zandi answers all these critical questions - systematically, carefully, and in plain English. Zandi begins with a fast-paced "history" of the crisis: where it started, how it spread, and where the fallout has landed. Next, he illuminates its deepest causes, ranging from the psychology of homeownership to Alan Greenspan's missteps. You'll watch the "flippers" at work and the real estate agents who cheered them on. You'll learn how Internet technology and access to global capital transformed mortgage lending, helping irresponsible lenders "drive out" good ones. Zandi demystifies the complex financial engineering that enabled lenders to hide growing risks...reveals how rating agencies relied on poor data and naïve assumptions to approve risky instruments...shows how global investors eagerly bought in, despite key warning signs. You'll discover how homebuilders contributed to the crisis, and how flummoxed regulators and policymakers failed to prevent it. Most important, Zandi previews tomorrow's financial shocks, offering indispensable advice for everyone they will impact: investors who must recognize emerging bubbles, policymakers who must improve oversight and citizens who must reduce their risks, so they can survive whatever comes next. 3132987 18 7 2008 Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis total:20|5:2|4:7|3:8|2:3| 20 68 37 8 3 1 false false Sat Jan 31 02:28:34 -0800 2009 Sat Jan 31 02:36:59 -0800 2009
In hindsight it all loo...more...]]> 4 0 false false Sun Jul 12 00:00:00 -0700 2009 Wed Jul 08 12:25:43 -0700 2009 Mon Jul 13 22:12:44 -0700 2009 more...]]> 3 1 false false Wed Sep 03 12:24:15 -0700 2008 Wed Sep 03 12:24:15 -0700 2008 4 0 false false Fri Mar 20 00:00:00 -0700 2009 Fri Mar 20 14:56:06 -0700 2009 Fri Apr 03 12:55:11 -0700 2009 more...]]> 2 0 false false Mon Feb 02 00:00:00 -0800 2009 Mon Feb 02 09:00:14 -0800 2009 Mon Feb 02 09:01:42 -0800 2009 2 0 false false Mon Oct 13 00:00:00 -0700 2008 Mon Aug 03 14:41:53 -0700 2009 Tue Aug 04 12:42:11 -0700 2009

]]> 2 0 false false Sun Feb 01 00:00:00 -0800 2009 Thu Aug 27 12:06:23 -0700 2009 Thu Aug 27 12:08:56 -0700 2009 3 0 false false Sun Mar 08 00:00:00 -0800 2009 Wed Mar 11 18:48:51 -0700 2009 Wed Mar 11 18:50:03 -0700 2009 0 0 false false Sun Oct 04 18:06:30 -0700 2009 Sun Oct 04 18:06:30 -0700 2009 3 0 false false Fri Aug 21 08:08:03 -0700 2009 Fri Aug 21 08:08:03 -0700 2009 0 0 false false Sun Jul 12 18:30:47 -0700 2009 Sun Jul 12 18:30:47 -0700 2009 0 0 false false Mon Jun 15 13:36:56 -0700 2009 Mon Jun 15 13:37:00 -0700 2009 4 0 false false Wed May 27 07:38:37 -0700 2009 Wed May 27 07:38:37 -0700 2009 5 0 false false Tue May 05 13:17:42 -0700 2009 Tue May 05 13:17:47 -0700 2009 3 0 false false Sun Apr 19 06:13:31 -0700 2009 Sun Apr 19 06:13:31 -0700 2009 4 0 false false Tue Apr 14 07:23:27 -0700 2009 Tue Apr 14 07:23:27 -0700 2009 3 0 false false Tue Mar 10 06:28:16 -0700 2009 Tue Mar 10 06:28:16 -0700 2009 4 0 false false Tue Mar 03 00:00:00 -0800 2009 Tue Mar 03 07:38:41 -0800 2009 Tue Mar 03 07:38:59 -0800 2009 0 0 false false Thu Feb 26 13:44:46 -0800 2009 Sat May 09 04:02:44 -0700 2009 0 0 false false Sun Feb 15 04:35:27 -0800 2009 Sun Feb 15 04:35:27 -0800 2009 http://www.goodreads.com/book_link/follow/8?book_id=3101822