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    3. Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable

    Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable

    Posted By: arundhati
    Date: 23 Mar 2024 13:08:26
    Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable

    Mark Gilbert, "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable"
    English | ISBN: 1576603466 | 2010 | 174 pages | PDF | 1171 KB

    The credit crunch is affecting every investor and every consumer, every industry and every government program, yet few people truly understand how it happened. Subprime mortgages have been center stage, but behind the scenes a conspiracy of greed among bankers, investors, rating agencies and regulators has imperiled everyone's financial future. We need to know what went wrong and how to change the practices that led to this calamity.
    Bloomberg columnist Mark Gilbert shows how Wall Street's tolerance for extremes made the global credit crunch both foreseeable and inevitable. He offers a blow-by-blow account of what went wrong and what lessons need to be learned from the crisis.
    Gilbert's argument―that everyone with skin in the money game had a vested interest in pretending that nothing could go awry―is a well-defended, compelling indictment of the financial community.
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