Crash Of The Titans: Greed, Hubris, The Fall Of Merrill Lynch, And The Near-Collapse Of Bank Of America (2010) - Plot & Excerpts
Банк Merrill Lynch споткнулся в основном по той причине, по которой этоделают все банки: он неразумно рисковал собственным капиталом в погонеза прибылью. Пока существуют банки, они будут ошибаться, потому что креди-торы берут слишком много, а не слишком мало кредитов. Чем больше креди-тов выдает банк, тем выше его прибыль, до тех пор пока он не выдаст слишкоммного безнадежных кредитов, тогда отказы заемщиков от выплаты кредитовсъедают прибыль банка и собственный капитал банка сокращается. Способ-ность управлять этим риском — провести тонкую грань между кредитом, кото-рый стоит выдавать, и тем, который могут не вернуть, отличает успешных бан-киров от тех, что пускаются в авантюры This was a fascinating history looking inside the subprime lending that led to the Recession of 2008. I had a hard time putting the book down. Having lived through trying to sell a house during this time, watching my company struggle through a diminished economy and being keenly interested in how my investments were doing from 2007 til 2013, this book brought Wall Street to Main Street and helped tie my experience in with the shenanigans of 2008 that brought the federal government into the picture. The ego of the leaders of the companies was truly amazing, especially in retrospect. Even if you aren't a financial insider this book will be an interesting read. I was a little hard to keep track of all the players in the book and I had to go back a couple of times to remember who worked for what company over time.
What do You think about Crash Of The Titans: Greed, Hubris, The Fall Of Merrill Lynch, And The Near-Collapse Of Bank Of America (2010)?
It felt like you were in the bathroom, overhearing the most intimate gossip of unfolding events.
—Rubystare
awesome book about the history of both banks and the story of their merger. cool :)
—Alice
