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From Financial Crisis to Recovery (Collection)
book

From Financial Crisis to Recovery (Collection)

by Mark Zandi
December 2012
Beginner
593 pages
13h 59m
English
Pearson
Content preview from From Financial Crisis to Recovery (Collection)

Introduction

“One of my largest suppliers was just cut off by his bank...he says he won’t be able [to] deliver at the end of the month.” It was early October, 2008, and the financial markets were in chaos. The CEO of one of the nation’s largest retailers was panicked; unless his vendor quickly found another bank, it wouldn’t pay its employees and suppliers and would leave the retailer without an important shipment. The CEO was asking if I could help.

At that moment the implications of the financial shock that had begun only a few weeks earlier became clear. What it meant for Wall Street was already obvious: Hysteria had taken hold of the financial system as venerable institutions teetered and collapsed. But the implications for Main Street weren’t ...

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Publisher Resources

ISBN: 9780133382761