The Ichthyologist's Guide to the Subprime Meltdown - Softcover

Bagott, Jeremy

Softcover

ISBN 10: 0999710788 ISBN 13: 9780999710784

Publisher: Band of Investment Publishing Co., 2020

Synopsis

The financial crisis of 2007-2008 was cataclysmic. Its bitter legacy will be felt for decades. The author, a former newspaper editor, walks the reader through the smoldering wreckage of a crisis that took the global financial system to the edge of the abyss. He delivers a well-crafted, concise almanac to the crisis that includes essays, chronologies, roundups and lists. "The Ichthyologist's Guide to the Subprime Meltdown" is no fusty treatise. Like a modern-day Jacques Cousteau, the author, grasping to explain the collectively suicidal behavior leading up to the debacle, turns his gaze upon so-called "biological markets."

About this title

From the Back Cover

An indispensable almanac to the 2007-2008 financial crisis. "The Ichthyologist's Guide to the Subprime Meltdown" deftly follows the major events of a cataclysm that went from a warning flare at three French investment funds to a world banking crisis to a real estate collapse to a deep global recession. The author lays out events through essays, chronologies and lists. The opening essay depicts the watershed event in the crisis: the collapse of Lehman Brothers. The epilogue examines the role of the credit-rating agencies, whose irretrievably flawed computer models opened the floodgates for the carnage, and the plunge of the politics-infused amalgams Fannie Mae and Freddie Mac as they careened headlong toward insolvency at a cost to U.S. taxpayers of $190 billion.

Edition details

• Publisher: Band of Investment Publishing Co.
• Publication date: 2020
• Language: English
• ISBN 10: 0999710788
• ISBN 13: 9780999710784
• Binding: Paperback
• Illustrator: Graphic Works Ol' Rock
• Number of pages: 172