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The Subprime Virus – Reckless Credit, Regulatory Failure, and Next Steps | Oxford Scholarship Online
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The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps

Kathleen C. Engel and Patricia A. McCoy

Abstract

The subprime crisis shook the American economy to its core. How did it happen? Where was the government? Did anyone see the crisis coming? Will the new financial reforms avoid a repeat performance? This book answers these questions as it tells the story behind the subprime crisis. The book offers a reasoned account of the actions that produced the greatest economic collapse since the Great Depression. The book reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world's financial system. The book also delves into the roles of federal ... More

Keywords: subprime crisis, American economy, financial reforms, Great Depression, federal banking, securities regulators, Wall Street

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780195388824
Published to Oxford Scholarship Online: April 2015 DOI:10.1093/acprof:osobl/9780195388824.001.0001

Authors

Affiliations are at time of print publication.

Kathleen C. Engel, author
Professor of Law, Suffolk University Law School

Patricia A. McCoy, author
Professor of Law, University of Connecticut School of Law