About this product: This is a vivid and personal account of 21st century banking excess. "How I Caused the Credit Crunch" traces seven years at the forefront of the credit markets - a tale from the heart of the bewildering banking maelstrom whose catastrophic collapse has plunged the world towards the worst recession since the 1930s. Tetsuya Ishikawa's story reveals how a young Oxford graduate finds himself in command of vast sums of other people's money; how a novice to the mysteries of hedge funds, subprime mortgages and CDOs can fix complex deals for billions of dollars in the exclusive bars, brothels and trading floors of London, New York, Frankfurt and Tokyo, and reap the benefits in a colossal annual bonus and an international luxury lifestyle. Ishikawa's book, which deftly explains the arcane financial instruments now grimly associated with the credit crunch, is both a powerful tale of lost innocence and an expose of the disturbing truth of the collective folly, frailty and greed at the heart of the banking crisis.
Fascinating Insight into How the Financial System Works and How the Credit Crisis Arose Clearly supplies details vital to understanding the crisis
Unravelling the Credit Crunch provides a clearly written, comprehensive account of the current credit crisis that is easily understandable to non-specialists. It explains how the financial system was drawn into the crunch and the issues that need to be addressed to prevent further disasters.
To enable an understanding of the credit crunch, the author first examines the rules that constrain how financial institutions operate. He discusses how these institutions do business, what products were central to the development of the crunch, and how they behave. He thoroughly describes how financial institutions raise money and the legal and regulatory frameworks under which they operate. After exploring how the system works, the book illustrates how to change the rules to make financial disasters less likely.
Focusing on the rules involved in the game of finance is essential if we want to figure out what happened that led to this financial debacle. This book shows us how the actions of many financial institutions, regulatory bodies, central banks, and investment managers adversely affected the entire financial system.
An updated and revised look at the truth behind America's housing and mortgage bubbles
In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just unregulated loan brokers and con artists, but also investment bankers and home loan institutions traditionally perceived as completely trustworthy.
Chain of Blame chronicles this incredible disaster, with a specific focus on the players who participated in such a fundamentally flawed fiasco. In it, authors Paul Muolo and Mathew Padilla reveal the truth behind how this crisis occurred, including what individuals and institutions were doing during this critical time, and who is ultimately responsible for what happened.
Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo
Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies ahead
Discusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime mess
Intriguing and informative, Chain of Blame is a compelling story of greed and avarice, one in which many are responsible, but few are willing to admit their mistakes.
This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner shows that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble. The Japanese crisis of the 1990s shows that banks and governments may struggle to contain the fallout. The problem has not been limited to the US, UK and Europe: housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market. Turner is an experienced and successful economic forecaster, whose opinions are sought by large international banks and top financial journalists. Drawing from his first hand experience of the Japanese property crash of the 1990s, he presents his analysis in a clear and persuasive style, showing that the end of housing market growth spells disaster for neoliberal globalisation.
About this product: Global Credit Crunch - Moment of 'The Truth' is an account of socio-economic information which the author uses to highlight the adverse, chronic and enslaving effects of consumer debts. This book is a sequel to his first which is entitled The Poisoned Chalice. He describes consumer debts as a 21st century satanic weapon of mass destruction which is being sold to a carnal generation through diverse and cunning media of information technology and advertisements. As Christians continue to ignore The Truth, this book warns all and sundry about the enticing but deceiving and fleeting ideals of living on credit. Only The Truth, as explicitly and freely given to mankind in The Bible, can set him free from the subtle but systematic deceit of designer lifestyle on borrowed monies and time. The author uses research data and the current media reports on global economic downturn to admonish believers to apply the timeless Word of God for effective and lasting financial liberation. May 'The Truth' set you free from every financial debt in the name of Jesus!
About this product: Do you want to own your own home? Be free of crippling mortgage payments? Enjoy a comfortable retirement? Treat family and friends? Enjoy holidays whenever and wherever you choose? Privately educate your children? Whatever your financial circumstances, Paul Banfield shows how - by taking control of your finances - you can change your life and make your dreams a reality. Find out how to: break free of all debt; make quick and easy money; build a portfolio; play the syndicates; speculate to accumulate; choose the best advisers and avoid the sharks; quit when you're ahead; and, protect your income and pass your wealth onto those you love. Don't delay! Take your first step on the road to a better, more prosperous and stress-free life.
About this product: This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on May 20, 1991. The length of the article is 1251 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details Title: Credit crunch hurts builders as well as bankers. Author: Jim Hathcock Publication:San Diego Business Journal (Magazine/Journal) Date: May 20, 1991 Publisher: CBJ, L.P. Volume: v12 Issue: n20 Page: p16(2)
About this product: Securitization once a fairly straightforward means of offering collateral for investment has mushroomed into a massively complex area of financial practice. The central role occupied by such risk-distributing products as collateral debt obligations (CDOs), credit default swaps (CDSs), collateral loan obligations (CLOs), and credit derivatives has given rise to one of the most crucial inquiries of our era: Is the financial collapse that threatens the world financial system due merely to rogue traders? Or is there something in the derivative idea itself that spells inevitable disaster? Most important, can we isolate the truly productive aspects of securitization and learn to recognise pitfalls in advance? As always in such ideational minefields, it is the legal practitioners who are expected to provide guidance to distressed investors and asset dealers. Hence this vital new book.
BOOK
