The thesis studies three pivotal episodes in the evolution of what became the Global Financial Crisis of 2008-09. These three events - the collapse of the US housing market, the breakdown of the repo money market, and the banking crash - are indispensable for understanding some of the key...

"Analysis and commentary on economics, the Federal Reserve, monetary policy, the bond markets, and politics, selected from among 1,300 columns written by Caroline Baum since 1998 for Bloomberg News, the electronic business and financial news service" - Provided by publisher.