The Crunch: How Greed and Incompetence Sparked the Credit Crisis

by Alex Brummer

On 9 August 2007 France's largest bank announced that it had had to suspend trading in two huge investment funds it controlled. The same day three German banks revealed that they were close to collapse. A few days later came the first run on a British bank since the 1860s as vast queues of worried investors besieged Northern Rock. Within weeks, the Government were being forced to bail out this previously little-known bank to the tune of 30 billion,...

• Format: Paperback
• Language: English
• ISBN: 1847940099
• ISBN13: 9781847940094
• Release Date: January 2009
• Publisher: Random House UK
• Length: 288 Pages
• Weight: 0.45 lbs.