Author
Timothy J. Sinclair
Book Format
Hardback
Publisher
CORNELL
Published
November 2021
Today's Price
£22.28
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TO THE BRINK OF DESTRUCTION
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Author
Timothy J. Sinclair
Book Format
Hardback
Publisher
CORNELL
Published
November 2021
£22.28
Save 30%
Free UK Delivery
Available - Usually dispatched within 4 days
TO THE BRINK OF DESTRUCTION
Today's Price £22.28
To the Brink of Destruction exposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy.
Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turned--and ultimately failed--during the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess.
Sinclair's well-researched investigation offers a clear, accessible explanation of structured finance and how it works. To the Brink of Destruction avoids tired accusations, instead providing novel insight into the role rating agencies played in the worst crisis of modern global capitalism.
Author
Timothy J. Sinclair
Book Format
Hardback
Publisher
CORNELL
Published
November 2021
Weight
57g
Dimensions
140 x 216 x 18 mm
ISBN
9781501760242
ISBN-10
1501760246
Eden Code
5641272
More Information
Author/Creator: Timothy J. Sinclair
ISBN: 9781501760242
Publisher: CORNELL
Release Date: November 2021
Weight: 57g
Dimensions: 140 x 216 x 18 mm
Eden Code: 5641272