Casino Capitalism
How the Financial Crisis Came About and What Needs to be Done Now
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 ofsecuritizing 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…
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Produktdetails
- ISBN: 978-0-19-162507-7
- EAN: 9780191625077
- Produktnummer: 13907158
- Verlag: Oxford University Press
- Sprache: Englisch
- Erscheinungsjahr: 2010
- Plattform: EPUB
- Masse: 9'295 KB
- Abbildungen: 37 Figures, 5 Tables
Über den Autor
Hans-Werner Sinn is Chair of Economics and Public Finance at the University of Munich and President of the combined Institute for Economic Research and Center for Economic Studies (CES-ifo). He has published numerous scholarly journals and books but is also a leading commentator on contemporary economic affairs in Germany and has published a number of best selling books.
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