Home » Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable by Mark Gilbert
Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable Mark Gilbert

Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable

Mark Gilbert

Published
ISBN : 9780470885512
ebook
192 pages
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 About the Book 

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 greedMoreThe 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 everyones financial future. We need to know what went wrong and how to change the practices that led to this calamity.Bloomberg columnist Mark Gilbert shows how Wall Streets 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.Gilberts 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.Gilbert is able to make complex financial events easy to understand.His 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.