John Wiley - Too Big to Save How to Fix the U.S. Financial System

Contents
Foreword vii
Acknowledgments ix
The Financial Crisis: A Parable xi
Part I: The U.S. Housing Slump and the Global
Financial Crisis 1
Chapter 1 The Rise and Fall of U.S. Housing Prices 7
Chapter 2 Fannie and Freddie 27
Chapter 3 Mortgage Securitization in the Private Sector 47
Chapter 4 Credit Default Swaps and Mathematical Models 69
Appendix to Chapter 4 95
Part II: Impact on Stock and
Bond Markets 97
Chapter 5 Short Selling, Hedge Funds, and Leverage 101
Chapter 6 Capital Requirements at Brokers and Banks 129
Chapter 7 Impact on Short-Term Lending 153
Chapter 8 Insuring Deposits and Money Market Funds 179
Part III: Evaluating the Bailout
Act of 2008 201
Chapter 9 Why and How Treasury Recapitalized So
Many Banks 205
Chapter 10 Increasing Lending Volumes and Removing
Toxic Assets 235
Chapter 11 Limiting Executive Compensation and Improving
Boards of Directors 263
Chapter 12 Were Accounting Rules an Important Factor
Contributing to the Financial Crisis? 295
Part IV: The Future of the American
Financial System 319
Chapter 13 The International Implications of the Financial
Crisis for the United States 321
Appendix to Chapter 13 353
Chapter 14 The New Structure of U.S. Financial Regulation 355
Notes 393
Glossary 435
About the Author 445
Index 447