Financial shock: global panic and government bailouts : how we got here and what must be done to fix it

Now completely updated to include discussions of the Obama administration’s many policy initiatives and proposed solutions.

• Includes expanded coverage of the market meltdown, the bailout bill and stimulus plans, the bank rescue plan, and the foreclosure mitigation plan
• Sifting the wreckage, fixing the blame: the roles of mortgage lenders, investment bankers, speculators, the real estate industry, regulators, the Fed, and homebuyers
• Tomorrow’s emerging financial shocks—and how to prevent them