Casino capitalism [electronic resource] : how the financial crisis came about and what needs to be done now / Hans-Werner Sinn.
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 St...
| Main Author: | |
|---|---|
| Language: | English |
| Language and/or Writing System: |
Translated from the German. |
| Published: |
Oxford :
Oxford University Press,
2012.
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| Subjects: | |
| Online Access: | |
| Variant Title: |
Casino Capitalism: How the Financial Crisis Came About and What Needs to Be Done Now |
| Format: | Electronic eBook |
MARC
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| 100 | 1 | |a Sinn, Hans-Werner. | |
| 245 | 1 | 0 | |a Casino capitalism |h [electronic resource] : |b how the financial crisis came about and what needs to be done now / |c Hans-Werner Sinn. |
| 246 | 2 | |a Casino Capitalism: How the Financial Crisis Came About and What Needs to Be Done Now | |
| 264 | 1 | |a Oxford : |b Oxford University Press, |c 2012. | |
| 500 | |a Originally published: 2010. | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a The world in crisis --- Life on credit --- Bank failures --- Why Wall Street became a gambling casino --- Main Street also gambled --- Hot potatoes --- Policy failure --- The extent of the damage --- Rescue attempts --- Will the West retain its stability? --- Ways to a better banking system. | |
| 520 | |a 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. | ||
| 546 | |a Translated from the German. | ||
| 650 | 0 | |a Global Financial Crisis, 2008-2009. | |
| 650 | 0 | |a Banks and banking |x Government policy. | |
| 650 | 0 | |a Capitalism. | |
| 650 | 0 | |a Financial institutions, International |x Law and legislation. | |
| 773 | 0 | |t eBook Business Collection (EBSCOhost) - North America |d EBSCO | |
| 773 | 0 | |t EBSCO eBooks |d EBSCO | |
| 776 | 1 | |t Casino capitalism |w (OCoLC)ocn794136207 |w (DLC)2012406578 | |
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| 856 | 4 | 0 | |y Access Content Online(from EBSCO eBooks) |u https://ezproxy.msu.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=405919 |z EBSCO eBooks: 2010 |