The Crunch: How Greed and Incompetence Sparked the Credit Crisis,Used

The Crunch: How Greed and Incompetence Sparked the Credit Crisis,Used

In Stock
SKU: SONG1847940099
Brand: Brand: Random House UK
$12.32 $17.60
Save $5.28
Quantity
Add to wishlist
Add to compare

Processing time: 1-3 days

US Orders Ships in: 3-5 days

International Orders Ships in: 8-12 days

Return Policy: 15-days return on defective items

Payment Option
Payment Methods

Help

If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.

Customer service

All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com

Sale & Press

If you are interested in selling our products, need more information about our brand or wish to make a collaboration, please contact us at press@yourdomain.com

On August 9, 2007 France's largest bank announced that it would suspend trading in two huge investment funds it controlled. The same day three German banks revealed that they were close to collapse. A few days later came the first run on a British bank since the 1860s as vast queues of worried investors besieged Northern Rock. Within weeks, the government was forced to bail out this previously little known bank to the tune of 30 billion, share prices in other mortgage lenders were plummeting, and alarming news arose from several banks in the United States. Awardwinning journalist Alex Brummer painstakingly traces the course of this crisis from its origins in the subprime market to its explosion on to the international scene. It is a story of greed, mismanagement, and dithering in which bankers seeking to make a quick buck, regulators engaged in turf wars and blameavoidance, and governments paralyzed by the sheer scale of the problem all conspired to bring the banking system almost to its knees. It is also a story of victims: the 1.5 million people in the US who have already been thrown out of their houses; the entire population of the UK who have been coopted to guarantee Northern Rock with 30 billion of public money; borrowers everywhere who are now finding credit more expensive and harder to get.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

Recently Viewed