Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis

by Mark Zandi
Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis
book data
16 ratings, 3.56 average rating, 5 reviews (more data...)
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published
July 18th 2008 by FT Press

binding
Hardcover, 250 pages

isbn
0137142900    (isbn13: 9780137142903)

description
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 happenin...more




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The Next Best Boo...: OFFICIAL SPRING CHALLENGE - 2009 6462 7309 20 days ago, 02:57PM  

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other reviews (showing 1-20 of 31)

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David
01/31/09
David rated it: 3 of 5 stars

A little hard (for me) to follow, and to some extent OBE (overtaken by events), as evidenced by his claim near the end that the worst was over, but fairly readable summary of events leading up to current economic disaster (to use Pres. Obama's term from yesterday).

In hindsight it all looks so foreseeable that you wonder why nothing effective was done by way of prevention, but prediction is obviously tougher than summary and retrospective analysis. Just last summer with oil at 140/ba...more
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Janet
09/03/08
Janet rated it: 3 of 5 stars

This is a wonderfully understandable description and explanation for the subprime mortgage crisis and the imploding credit market.
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Judith
03/20/09
Judith rated it: 4 of 5 stars

bookshelves: history-and-politics
Read in March, 2009
I thought this was a great overview of the roots of the crisis. It's probably best for those who have a little bit of experience reading about finance, whether in the news or elsewhere. I did think Zandi did a good job at explaining most things in layperson-friendly terms, but it could be better. Especially when discussing subprime mortgages, he does seem to assume that most readers have bought a house in the past and therefore understand some basic mortgage-related terms. Still, it's the cl...more
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Michael
02/02/09
Michael rated it: 2 of 5 stars

bookshelves: currently-reading
Read in February, 2009
The NY Times rated this the top financial book of 2008. Even though I (sort of) work in real estate, it's a bit over my head. I need a book that defines terms like credit-default swap rather than assuming I know what they mean and how they came to exist. Any recommendations?
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  4 comments

Jim
03/11/09
Jim rated it: 3 of 5 stars

Read in March, 2009
Good on the problem - not so much on the remedy
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Jared
06/15/09
Jared added it


Nancy
05/27/09
Nancy rated it: 4 of 5 stars


Jack
05/05/09
Jack rated it: 5 of 5 stars


Brigitte
04/19/09
Brigitte rated it: 3 of 5 stars


Bakari
04/14/09
Bakari rated it: 4 of 5 stars


Ken Perkins
03/10/09
Ken Perkins rated it: 3 of 5 stars


Rob
03/03/09
Rob rated it: 4 of 5 stars

Read in March, 2009

Ben
02/26/09
Ben marked it as to-read

bookshelves: to-read

Rod
02/15/09
Rod marked it as to-read

bookshelves: to-read

Nina Coolidge
02/04/09
Nina Coolidge marked it as to-read

bookshelves: to-read

Bap
02/03/09
Bap marked it as to-read

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Val
01/15/09
Val is currently reading it

bookshelves: currently-reading

Brad
01/02/09
Brad rated it: 4 of 5 stars

Read in February, 2009

Brian
12/24/08
Brian marked it as to-read

bookshelves: to-read

Patrick
12/10/08
Patrick marked it as to-read

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