The Crunch: How Greed and Incompetence Sparked the Credit Crisis

by Alex Brummer

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On 9 August 2007 France's largest bank announced that it had had to suspend trading in two huge investment funds it controlled. The same day three German banks revealed that they were close to collapse. A few days later came the first run on a British bank since the 1860s as vast queues of worried investors besieged Northern Rock. Within weeks, the Government were being forced to bail out this previously little-known bank to the tune of 30 billion,...

Format:Paperback

Language:English

ISBN:1847940099

ISBN13:9781847940094

Release Date:January 2009

Publisher:Random House UK

Length:288 Pages

Weight:0.45 lbs.

Related Subjects

Banking Banks & Banking Business Business & Finance Business & Investing Economics Finance Government Industries & Professions Political Science Politics & Government Politics & Social Sciences Popular Economics

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The Crunch: How Greed and Incompetence Sparked the Credit Crisis

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