Hidden in plain sight
what really caused the world's worst financial crisis and why it could happen again
Book - 2015
Saved in:
Holdings -
South Hill
| Barcode | Status | Material Type | CallNumber | Availability |
|---|---|---|---|---|
| 37413315767766 | Available | Non-fiction | 332.7209 WALLISO | Place a Hold |
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York :
Encounter Books,
[2015]
|
| Edition: | First American edition. |
| Subjects: |
MARC
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| 019 | |a 873007769 | ||
| 020 | |a 9781594037702 (hardcover : acid-free paper) | ||
| 020 | |a 1594037701 (hardcover : acid-free paper) | ||
| 035 | |a (OCoLC)879329299 |z (OCoLC)873007769 | ||
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| 092 | 0 | |a 332.7209 WALLISO | |
| 100 | 1 | |a Wallison, Peter J. | |
| 245 | 1 | 0 | |a Hidden in plain sight : |b what really caused the world's worst financial crisis and why it could happen again / |c Peter J. Wallison. |
| 250 | |a First American edition. | ||
| 264 | 1 | |a New York : |b Encounter Books, |c [2015] | |
| 300 | |a xviii, 411 pages : |b illustrations ; |c 24 cm | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a unmediated |b n |2 rdamedia | ||
| 338 | |a volume |b nc |2 rdacarrier | ||
| 504 | |a Includes bibliographical references (pages 363-392) and index. | ||
| 505 | 0 | |a Introduction: What really caused the world's worst financial crisis and why it could happen again -- The difference between prime and nontraditional mortgages: The importance of sound underwriting standards -- The financial crisis inquiry commission report and other explanations for the crisis: Why convential explanations for the crisis are inadequate -- A short history of housing finance in the U.S.: How and why housing finance was substantially changed in 1992 -- HUD's central role: How HUD's used the affordable-housing goals to reduce underwriting standards -- The decline in underwriting standards: How the affordable housing goals forced an increase in nontraditional mortgages -- Force fed: Why the affordable housing goals, and not market share or profit, were the sole reason the GSEs acquired nontraditional mortgages -- Going viral: Why and how reduced underwriting standards spread to the wider market -- The great housing price bubble: How loosened underwriting standards stimulated its growth -- Flying blind into a storm: How the GSEs' failure to disclose their acquisition of nontraditional mortgages magnified the crisis -- 31 million nontraditional mortgages precipitate a crisis: Why even government-backed mortgage securities were contributors -- Fair-value accounting scales up the crisis: How mark-to-market accounting made financial firms look weak or unstable -- From bad to worse: How government blunders turned a mortgage meltdown into an investor panic and financial crisis -- The false narrative and the future: Why the failure to understand the causes of the crisis may lead to another. | |
| 650 | 0 | |a Housing |x Finance |x Government policy |z United States. | |
| 650 | 0 | |a Mortgage loans |x Government policy |z United States. | |
| 650 | 0 | |a Subprime mortgage loans |x Government policy |z United States. | |
| 650 | 0 | |a Financial crises |x Government policy |z United States. | |
| 651 | 0 | |a United States |x Economic policy |y 2001-2009. | |
| 998 | |a 2015.04.07 | ||
| 999 | f | f | |i 1675fcab-2d69-538f-94fc-3dd47bb74ca5 |s 13aee2ee-fba7-5668-8c64-09e4341f61ec |t 0 |
| 952 | f | f | |p Standard Circulation |a City of Spokane |b Spokane Public Library |c Branches |d South Hill |t 0 |e 332.7209 WALLISO |h Dewey Decimal classification |i Non-fiction |j None |m 37413315767766 |