{"product_id":"black-box-casino-how-wall-streets-risky-shadow-banking-crashed-global-finance-hardcover","title":"Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eRobert England\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThis cautionary tale explains how the murky and complex world of mortgage finance caused a global market meltdown--and offers new insights on how to create a stronger world of banking and mortgage finance.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eYears after the economic crisis of the late 2000s, Americans still want to know what went wrong--and why. \u003ci\u003eBlack Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance\u003c\/i\u003e provides an accurate and understandable explanation, compiling and interpreting mountains of evidence to provide clear analysis and insight into the crisis that traumatized people and institutions around the globe. \u003cp\u003e\u003c\/p\u003eThe book provides a thorough, in-depth examination of the multiple contributing factors. The author goes back as far as 15 years before the crisis to show how the well-intentioned idea of providing home ownership prompted a government led effort to steadily weaken credit standards. He assigns partial blame on regulators that were unaware of growing levels of risk, ignored mounting evidence of a housing bubble, and failed to grasp the unintended consequences of certain regulations. The origins of the overload of subprime collateralized debt obligations that led to concentrated risks on the balance sheets of many large banks around the world are also explained.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eRobert Stowe England\u003c\/b\u003e is a journalist and author who has written extensively on mortgage finance, banking, retirement policy, and the financial and economic impact of population aging.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 264\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.1 x 9.3 x 6.2 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 12, 2011\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52289078100242,"sku":"9780313392894","price":122.4,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/SDlOL3htRWdpc1Z3RzdObGNuMTZxQT09.webp?v=1779454443","url":"https:\/\/ckbookstore.net\/products\/black-box-casino-how-wall-streets-risky-shadow-banking-crashed-global-finance-hardcover","provider":"CK BOOKSTORE","version":"1.0","type":"link"}