In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, manyincluding economists and financial expertswere shocked by the...

Eine globale Finanzkrise mit noch unabsehbaren Auswirkungen für Geldmärkte und Wirtschaft beherrscht die Schlagzeilen der nationalen und internationalen Presse. Auf höchster politischer Ebene werden hektisch Eindämmungsmaßnahmen beschlossen; schwindelerregende Summen sind zur Rettung...

In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. Banks like Countrywide and non-banks such as New Century Financial--all financed by Bear Stearns, Goldman Sachs, Merrill Lynch, Lehman Brothers and others--were in danger of closing, or actually...