WHAT
REALLY HAPPENED:
THE FINANCIAL CRISIS GUIDE
Table of Contents
Preface
Part
1 The evolution of the crisis
Introduction
The role of
human behavior
The role of government
The role of capitalism and markets
Risk
and reward
Market efficiency
Company valuation
Mark to market
Risk
management
Hedging and derivatives
Cultural shift
Financial engineering
and structured finance
The failure of regulation
The current crisis
Credit-default
swaps
The U.S. Government response 1
The oil price bubble
The
U.S. Government response 2
Part 2 Preventing future
crises
Introduction
Greed checks and balances
Corporate subversion
of democracy
The ethical flaw of capitalism
The role of the Board of
Directors
The end of speculation
Capital requirements and leverage
Regulatory
changes
Oil market regulation
Conclusion