Anatomy of a Financial Crisis A Real Estate Bubble, Runaway Credit M

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 create

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10.1057/9780230106185 - Anatomy of a Financial Crisis, Marc Jarsulic

Copyright material from www.palgraveconnect.com - licensed to UZH Hauptbibliothek / Zentralbibliothek Zurich - PalgraveConnect - 2014-06-08

Anatomy of a Financial Crisis

10.1057/9780230106185 - Anatomy of a Financial Crisis, Marc Jarsulic

Copyright material from www.palgraveconnect.com - licensed to UZH Hauptbibliothek / Zentralbibliothek Zurich - PalgraveConnect - 2014-06-08

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A Real Estate Bubble, Runaway Credit Markets, and Regulatory Failure

Marc Jarsulic

10.1057/9780230106185 - Anatomy of a Financial Crisis, Marc Jarsulic

Copyright material from www.palgraveconnect.com - licensed to UZH Hauptbibliothek / Zentralbibliothek Zurich - PalgraveConnect - 2014-06-08

Anatomy of a Financial Crisis

ANATOMY OF A FINANCIAL CRISIS

Copyright © Marc Jarsulic, 2010. First published in 2010 by PALGRAVE MACMILLAN® in the United States—a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–0–230–61568–7 Library of Congress Cataloging-in-Publication Data Jarsulic, Marc. Anatomy of a financial crisis : a real estate bubble, runaway credit markets, and regulatory failure / Marc Jarsulic. p. cm. Includes index. ISBN 978–0–230–61568–7 1. Financial crises—United States. 2. Bank loans—United States. 3. Real property—Prices—United States. 4. United States—Economic conditions—2001–2009. I. Title. HB3722.J37 2010 330.973—dc22

2009035264

A catalogue record of the book is available from the British Library. Design by Newgen Imaging Systems (P) Ltd., Chennai, India. First edition: March 2010 10 9 8 7 6 5 4 3 2 1 Printed in the United States of America.

10.1057/9780230106185 - Anatomy of a Financial Crisis, Marc Jarsulic

Copyright material from www.palgraveconnect.com - licensed to UZH Hauptbibliothek / Zentralbibliothek Zurich - PalgraveConnect - 2014-06-08

All rights reserved.

10.1057/9780230106185 - Anatomy of a Financial Crisis, Marc Jarsulic

Copyright material from www.palgraveconnect.com - licensed to UZH Hauptbibliothek / Zentralbibliothek Zurich - Palg