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Subprime Crisis, The: Lessons For Business Students (Hardcover)
Loot Price: R1,475
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Subprime Crisis, The: Lessons For Business Students (Hardcover)
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The first major global economic contraction of the 21st century, or
the 'Great Recession', as it is more commonly known, began in
December of 2007, and would prove to be one of the most
catastrophic economic events in postmodern history. The bursting of
the American housing bubble and the subprime mortgage crisis that
followed are widely attributed as being the primary causes for this
economic downturn.The content of this book presents an in-depth
analysis of several of the leading causes of the subprime crisis,
as well as the subsequent measures that were used to contain a
widespread economic recession. It is the aim of this book to
provide adequate information and tools for readers to gain insight
on how we can prevent the same mistakes from happening again. This
analysis also explores an interesting question when considering
public policy; was the economic disaster, that ensued, caused by
overzealous consumers who borrowed more than they could afford, or
was it caused by institutional entities that gambled away the
American economy?
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