I.O.U.: Why Everyone Owes Everyone and No One Can Pay

Write a Review
$15.37 - $25.64
UPC:
9781439169865
Binding:
Paperback
Note:
Used books may not include companion materials/CD/Code etc, items in good condition.We ship orders daily and Customer Service is our top priority!
Publication Date:
9/14/2010
Release Date:
9/14/2010
Author:
John Lanchester
Language:
english
Edition:
Reprint
Adding to cart… The item has been added

Product Overview

For most people, the reasons for the sudden collapse of our economy still remain obscure. I.O.U. is the story of how we came to experience such a complete financial disaster, starting with the magical proliferation of credit that led to an explosion of lending on the global and local landscapes of banking and finance. Viewing the crisis through the lens of politics, culture, and contemporary historyfrom the invention and widespread misuse of financial instruments to the culpability of subprime mortgagesLanchester deftly draws conclusions on the limitations of financial and governmental regulation, capitalisms deepest flaw, and most important, on the plain and simple facts of human nature where cash is concerned.

With newly updated, superbly written reportage, Lanchester delivers a shrewd perspective and a digestible, comprehensive analysis that connects the dots for expert and casual reader alike. Part economic primer, part fiscal and historical analysis, I.O.U. is an eye-opener of a book.