Financial Crisis – Evolution Of The Financial Bubble That Led To The Global Crisis Discussed
Financial analyst sorts out fantasy from reality regarding America’s financial meltdown
The collapse of the U.S. stock and housing markets and the subsequent credit crisis have left many Americans asking how it could have happened. However, to understand how the collapse happened, says financial analyst and author Emily Eisenlohr, one must first understand how the huge systemic bubble that led to the collapse was built. Fairy Tale Capitalism: Fact and Fiction Behind Too Big To Fail (published by AuthorHouse) outlines the evolution of the financial bubble and brings simple perspective to a seemingly daunting question.
Fairy Tale Capitalism presents a brief history of how the biggest banks became ‘Too Big to Fail’. The book peels away the fictions and presents the facts. Although reforming the financial sector may be complex, understanding how systemic risk grew is rather simple. Fairy Tale Capitalism puts the puzzle together one piece at a time.
Political leaders and Big Bank CEOs would have the public believe that the systemic bubble and its bursting resulted from human greed, global financial developments and regulatory neglect – all outside the control of Congress. Not so, says Eisenlohr. She demonstrates the fiction of that claim in Fairy Tale Capitalism. The real history, Eisenlohr explains, is that Congress played a huge role in building the systemic bubble. The Big Bank CEOs made sure that nobody really understands the role of derivatives in systemic risk.
Fairy Tale Capitalism uses public information to show how Congress had been well informed about systemic risks. Public hearing testimony and congressionally mandated reports alerted Congress to the risks of derivatives, regulatory gaps and the poorly understood relationship between the biggest banks and hedge funds. Then turning her attention to current congressional leadership, Eisenlohr shows how the financial sector continues to ensure the support of Congress.
Fairy Tale Capitalism offers a compelling primer for national public policy and the risks of derivatives.
About the Author
Emily Eisenlohr is a financial analyst, specializing in credit analysis and policy advocacy. She spent two decades in the financial sector as a corporate banking executive and credit analyst for some of the biggest financial institutions in the U.S., including Citibank and Moody’s Investors Service. Eisenlohr, a Chartered Financial Analyst, received a B.A. with honors from Mount Holyoke College, with a major in music and a minor in biology. Her M.B.A. is from the University of Chicago.
AuthorHouse, an Author Solutions, Inc. self-publishing imprint, is a leading provider of book publishing, marketing, and bookselling services for authors around the globe and offers the industry’s only suite of Hollywood book-to-film services. Committed to providing the highest level of customer service, AuthorHouse assigns each author personal publishing and marketing consultants who provide guidance throughout the process. Headquartered in Bloomington, Indiana, AuthorHouse will celebrate 15 years of service to authors in Sept. 2011.For more information or to publish a book visit authorhouse.com or call 1-888-519-5121. For the latest, follow @authorhouse on Twitter.
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