The Banks Did It

Know about the book -

The Banks Did It is written by Neil Fligstein and published by Harvard University Press. It's available with International Standard Book Number or ISBN identification 0674259017 (ISBN 10) and 9780674259010 (ISBN 13).

To understand the 2008 financial crisis, Neil Fligstein looks to the business models of the big US banks. He shows how firms got hooked on mortgages—originating them, securitizing them, selling those securities, and even buying the same securities. In time their addiction nearly collapsed the economy.