Casino Capitalism: How the Financial Crisis Came about and What Needs to Be Done Now

by Hans-Werner Sinn

Book Overview

In Casino Capitalism, Hans-Werner Sinn examines the causes of the banking crisis, points out the flaws in the economic rescue packages, and presents a master plan for the reform of financial markets. Sinn argues that the crisis came about because limited liability induced both Wall Street and Main Street to gamble with real estate properties. He meticulously describes the process of lending to American homeowners and criticizes both the process of...

• Format: Hardcover
• Language: English
• ISBN: 0199588279
• ISBN13: 9780199588275
• Release Date: September 2010
• Publisher: Oxford University Press, USA
• Length: 400 Pages
• Weight: 1.60 lbs.
• Dimensions: 1.0" x 6.0" x 9.2"