Publisher's Synopsis
This book deals with the incidents that led up to the great financial crisis of2008, and how it could have been partially avoided had previous provisions been left in place. It analyses the history of financial crises, the individual factors and behaviors that
contributed to the Great Recession, and any provisions put in place for the future. The book also demonstrates how provisions of the Glass-Steagall Act of 1933 - had they beenleft active - could have played a major role in at least minimizing the impact of the crisis. The Glass-Steagall Act's provisions would have separated the two major branches of banking, commercial banking and investment, and this structure in turn could have prevented the crisis by limiting losses in both financial branches.
