Genesis of the Financial Crisis

摘要: Foreword and Acknowledgements PART I: THE CRISIS OF 2007-2010 The Nature Effects of the Crisis Ways to Resolve It 2007 Financial An Overview 'Financial Sector' Was this a for Everyone? Some Toxic Assets First Effect: Difficulties in Routine Economic Transactions Second Shrinkage Habitual Sources Financing Third Deflation Why we should Care: What Happens if there is No Bailout -the Mainstream View Alternative on Crisis: Austrian Economics II: GENESIS Roots Basics About Shelter Home Ownership Historical Context Mechanics Investment Banking Various Fund Managers Mortgages Hierarchy Markets: from Construction Mortgage Backed Securities Securitization Imperfections Three Chronologies Genesis Chronology U.S. Government Interventions Housing Spasms US ABCP (Securitization) Bubble that Preceded Ball Yarn Unravels Conclusion III: REMEDIES AND REPARTEE Response Main Actors: Ben Bernanke Timothy Geithner A Survey Opinions 1 - Saltwater Economists Economist Number One: Paul Krugman Two: Joseph Stiglitz survey 2 Freshwater Introduction Luigi Zingales John Cochrane Peter Schiff Stimulus Popular Opinion Rather than Conclusion, more Questions Analysis: Saw Action: Proposed Bibliography Index