An indepth look at the origins and development of the current financial crisis, from an economist and Washington insider. Jarsulic explains how a wide array of financial institutions, including mortgage banks, commercial banks, and investment banks created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices.

Autorentext
MARC JARSULIC is an economist and attorney who works in Washington DC, USA. He has been Professor of Economics at the University of Notre Dame, Senior Risk Advisor at the U.S. Securities and Exchange Commission, as has practiced antitrust law at the Federal Trade Commission and in private practice.

Inhalt
The Building Blocks of the Financial Crisis The House Price Bubble Ends, the Foreclosure Wave Begins The Credit Bubble Bursts, the Financial Crisis Begins Who Caused this Disaster? Implications and Solutions