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摘要
En 中文
Abstract
The subprime crisis shook the American economy to its core. How did it happen? Where was the government? Did anyone see the crisis coming? Will the new financial reforms avoid a repeat performance? This book answers these questions as it tells the story behind the subprime crisis. The book offers a reasoned account of the actions that produced the greatest economic collapse since the Great Depression. The book reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world's financial system. The book also delves into the roles of federal banking and securities regulators, who knew of lenders' hazardous mortgages and of Wall Street's addiction to high stakes financing, but did nothing until the crisis erupted.
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