Casino capitalism: how the financial crisis came about and what need to be done now

By:

Sinn, Hans-Werner

Material type: Text

TextSeries: Includes bibliographical references and indexesPublication details: 2010 Oxford University Press OxfordDescription: xxv, 374 p. : ill. ; 25 cmISBN:

9780199588275

Subject(s):

DDC classification:

330.90511 S4C2

Summary: In Casino Capitalism , Hans-Werner Sinn examines the causes of the banking crisis, points out the flaws in the economic rescue packages, and presents a master plan for the reform of financial markets. Sinn argues that the crisis came about because limited liability induced both Wall Street and Main Street to gamble with real estate properties. He meticulously describes the process of lending to American homeowners and criticizes both the process of securitizing and selling mortgage claims to the world, as well as the poor job rating agencies did in providing transparency. He argues that the American Dream has ended because the world now realizes that this dream was built on loans that are never likely to be repaid. (http://www.oup.com/us/catalog/general/subject/Finance/FinancialInstitutions/?view=usa&ci=9780199588275)

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	330.90511 S4C2 (Browse shelf(Opens below))	Available		171311

Total holds: 0

In Casino Capitalism , Hans-Werner Sinn examines the causes of the banking crisis, points out the flaws in the economic rescue packages, and presents a master plan for the reform of financial markets. Sinn argues that the crisis came about because limited liability induced both Wall Street and Main Street to gamble with real estate properties. He meticulously describes the process of lending to American homeowners and criticizes both the process of securitizing and selling mortgage claims to the world, as well as the poor job rating agencies did in providing transparency. He argues that the American Dream has ended because the world now realizes that this dream was built on loans that are never likely to be repaid. (http://www.oup.com/us/catalog/general/subject/Finance/FinancialInstitutions/?view=usa&ci=9780199588275)

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