"There is still no consensus on who or what caused the financial
crisis which engulfed the world, beginning in the summer of 2007. A
huge number of suspects have been identified, from greedy
investment bankers, through feckless borrowers, dilatory regulators
and myopic central bankers to violent video games and high levels
of testosterone among the denizens of trading floors. There is not
even agreement on whether the crisis shows a need for more
government intervention in markets, or less: some maintain that
government encouragement of home ownership lay at the heart of the
problem in the US, in particular. In The Financial Crisis Howard
Davies charts a course through these arguments, and the evidence
advanced for each of them. The reader can thereby assess the weight
to be attached to each, and the likely effectiveness of the
remedies under development."--Description viewed from website on 21
Sept. 2010.
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