"This is made by the bank: Analysis of the 2008 Financial Crisis"
10:22, April 19, 2021 Source: "China Social Sciences", April 19, 2021, Issue 2149, Issue 2149: Neil Fragestein/

Harvard University Press in the United States will publish the new book "This is a bank made by the Bank: Analysis of the 2008 Financial Crisis"。The book tries to introduce the rise and fall of the securitization of housing Bet365 lotto review mortgage loans,Let's show how the financial crisis in 2008 is generated、Where is the spread,Why did regulators miss the warning signal,and the bank's dependence on the securitization of housing mortgage loans is how to cause plunder loans and securities fraud。

From Frederstein's view,The key point caused by the 2008 financial crisis is that major US banks have unanimously adopted the same business model: profit from the securitization Bet365 app download of housing mortgages。National Financial Service Company、Belsden Company、Citi Bank、Washington Mutual Aid Bank and other major banks in the United States have participated in all aspects of the securitization of housing mortgages,They provide housing mortgage loans,Issuing housing mortgage securities,Sell these securities,Many times buy back these securities。Since these banks completely depend on housing mortgage loans,When the market bet365 best casino games impact in the first 10 years of the 21st century is obvious,They can no longer change this mode。Based on the structural characteristics of the banking industry,The emergence of the financial crisis is inevitable。

(Wang Youran/Compilation)

Editor in charge: Cui Cen
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