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Six months of panic : how the Global Financial Crisis hit Australia / Trevor Sykes.

Six months of panic : how the Global Financial Crisis hit Australia / Trevor Sykes.
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Shelf Location Collection Volume Ref. Branch Status Due Date
330.994 SYK
Adult Non Fiction   Bankstown . . Available .  
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Catalogue Information
Field name Details
ISBN 9781742373805 (hbk.)
Name Sykes, Trevor
Title Six months of panic : how the Global Financial Crisis hit Australia / Trevor Sykes.
Published Crows Nest, N.S.W. : Allen & Unwin, 2010.
Description xvi, 464 p., [8] p. of plates : ill. (some col.), col. ports. ; 24 cm.
Notes Includes bibliographical references (p. 424-451) and index.
Contents 1. The plague dogs. The Wall Street banks' history of greed and immorality -- 2. The birth of sub-prime mortgages. How and why sub-prime mortgages evolved and grew so large -- 3. Letting Lehman go. Crisis in America -- 4. The plague reaches Australia. How Australia was infected -- 5. The first dominoes. Centro and MFS -- 6. Opes sub-prime. Where nobody understood stock lending -- 7. Elderslie goes for the doctor. Back to the owner -- 8. The ABC of learning. The biggest kindergarten in the world -- 9. Alico & Co. Crossing the Rubicon -- 10. The imperfect Storm. The infallible system -- 11. The firewall at Babcock & Brown. And the shareholders were burned -- 12. Timberrrrr! Great Southern and Timbercorp -- 13. The bottom line. Plus a few personal opinions.
Summary The GFC was a crisis which was borne from an excess of greed, and immorality, and Sykes singles the Wall Street banks out for particular blame. He explains how the subprime phenomenon came about, and how the fall of Lehman brothers marked the beginning of the slide. Inevitably the crisis reached Australia, with Centro and MFS the first dominoes in the chain.
Subjects Global Financial Crisis, 2008-2009
Australia -- Economic conditions -- 2001-
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