{"product_id":"complicit-isbn-9781576603468","title":"Complicit","description":"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.  \u003cp\u003eBloomberg 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eGilbert'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.\u003c\/li\u003e \u003cli\u003eGilbert is able to make complex financial events easy to understand.\u003c\/li\u003e \u003cli\u003eHis outlook is truly global: this financial crisis respects no geographical boundaries, and Gilbert draws on anecdotes and examples from around the world to make his case.\u003c\/li\u003e \u003c\/ul\u003e  Introduction.  \u003cp\u003e1 Bubbles Are For Bathtubs.\u003c\/p\u003e \u003cp\u003eThe Real Estate Boom.\u003c\/p\u003e \u003cp\u003e2 Unsafe at Any Rating.\u003c\/p\u003e \u003cp\u003eCDOs and the Companies that Judged Them.\u003c\/p\u003e \u003cp\u003e3 Priced For Perfection.\u003c\/p\u003e \u003cp\u003eThe Financial Gene Pool Economic Darwinism Couldn't Improve.\u003c\/p\u003e \u003cp\u003e4 Bubbles, Bubbles Everywhere.\u003c\/p\u003e \u003cp\u003eGlobal Liquidity's Search for a Profitable Home.\u003c\/p\u003e \u003cp\u003e5 Judgment or Luck.\u003c\/p\u003e \u003cp\u003eThe Profits Banks Couldn't Understand—or Protect Against.\u003c\/p\u003e \u003cp\u003e6 Knight in Rusty Armor.\u003c\/p\u003e \u003cp\u003eAn Ill-Advised Rescue Helps Show Banks Just How Much Value Their Collateralized Debt Has Lost.\u003c\/p\u003e \u003cp\u003e7 The Noose Tightens.\u003c\/p\u003e \u003cp\u003eFrozen Money Markets Confound Central Bankers, Hurt Consumers, and Drive Imploding Investments Back onto Bankers' Books.\u003c\/p\u003e \u003cp\u003e8 Central Banks, Unbalanced.\u003c\/p\u003e \u003cp\u003eCaught Off Guard, the Financial Authorities Make Up the Rules as They Go Along.\u003c\/p\u003e \u003cp\u003e9 Et Tu, Money Markets and Municipals?\u003c\/p\u003e \u003cp\u003eThe Crunch Catches Vanilla Investments.\u003c\/p\u003e \u003cp\u003e10 Giants Fall.\u003c\/p\u003e \u003cp\u003eThe Credit Crisis Reaches Its Climax.\u003c\/p\u003e \u003cp\u003e11 Conclusions and Policy Prescriptions.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cb\u003eMark Gilbert\u003c\/b\u003e, bureau chief for Bloomberg News in London, has been with Bloomberg News since 1991 and has written a regular column on global financial issues since 1998. He spent more than eighteen months warning about the impending credit crisis, later helping readers disentangle its consequences. He frequently appears as a commentator on Bloomberg Television.","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47988960297189,"sku":"NP9781576603468","price":24.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576603468.jpg?v=1761782217","url":"https:\/\/k12savings.com\/products\/complicit-isbn-9781576603468","provider":"K12savings","version":"1.0","type":"link"}