The Banks Did It
The Banks Did ItNeil Fligstein
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The Banks Did It

The Banks Did It An Anatomy of the Financial Crisis

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To understand the 2008 financial crisis, Neil Fligstein looks to the business models of the big US banks. He shows how firms got hooked on mortgages--originating them, securitizing them, selling those securities, and even buying the same securities. In time their addiction nearly collapsed the economy.