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Author
Publisher
Not Supplied
Pub. Date
Not Supplied
Language
English
Formats
Description
Johnson and Kwak examine not only how Wall Street's ideology, wealth, and political power among policy makers in Washington led to the financial debacle of 2008, but also what the lessons learned portend for the future.
Author
Publisher
Simon & Schuster
Pub. Date
c2012
Language
English
Description
During the most dizzying days of the financial crisis, Washington Mutual, a bank with hundreds of billions of dollars in its coffers, suffered a crippling bank run. The story of its final, brutal collapse in the autumn of 2008, and its controversial sale to JPMorgan Chase, is an astonishing account of how one bank lost itself to greed and mismanagement and how the entire financial industry—and even the entire country—lost its way as well. Kirsten...
Author
Publisher
Doubleday
Pub. Date
[2009]
Language
English
Description
On March 5, 2008, at 10:15 A.M., a hedge fund manager in Florida wrote a post on his investing advice Web site that included a startling statement about Bear Stearns & Co., the nations fifth-largest investment bank: "In my book, they are insolvent." This seemed a bold and risky statement. Bear Stearns was about to announce profits of $115 million for the first quarter of 2008, had $17.3 billion in cash on hand, and, as the company incessantly...