Timothy J. Sinclair To the Brink of Destruction (Hardback) (UK IMPORT)

Description: Further DetailsTitle: To the Brink of DestructionCondition: NewSubtitle: America's Rating Agencies and Financial CrisisISBN-10: 1501760246EAN: 9781501760242ISBN: 9781501760242Publisher: Cornell University PressFormat: HardbackRelease Date: 11/15/2021Description: To the Brink of Destruction exposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy. Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turned—and ultimately failed—during the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess. Sinclair's well-researched investigation offers a clear, accessible explanation of structured finance and how it works. To the Brink of Destruction avoids tired accusations, instead providing novel insight into the role rating agencies played in the worst crisis of modern global capitalism.Language: EnglishCountry/Region of Manufacture: USItem Height: 216mmItem Length: 140mmAuthor: Timothy J. SinclairGenre: Business & FinanceBook Series: Cornell Studies in MoneyItem Width: 24mmItem Weight: 454gRelease Year: 2021 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.

Price: 51.83 USD

Location: NN10 6GL

End Time: 2025-02-08T22:51:51.000Z

Shipping Cost: 0 USD