Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable

by Mark Gilbert

The credit crunch is affecting every investor and every consumer, every industry and every government program, yet few people truly understand how it happened. Subprime mortgages have been center stage, but behind the scenes a conspiracy of greed among bankers, investors, rating agencies and regulators has imperiled everyone's financial future. We need to know what went wrong and how to change the practices that led to this calamity. Bloomberg columnist Mark Gilbert shows how Wall Street's tolerance for extremes made the global credit crunch both foreseeable and inevitable. He offers a blow-by-blow account of what went wrong and what lessons need to be learned from the crisis.

174 pages, Hardcover

First published February 10, 2010

Reviews

[Jack Goodstein · Rating 4 out of 5]

Laymen will be able to undersstand a good deal more about the economic meltdown from Gilbert's account, than from the usual economic jargon that dominates most of the coverage.

[Sandra]

I haven't read it yet, but soon as I finish I let everyone know what I think.