Notes
1 John Goddard and John O.S. Wilson, Banking: A Very Short Introduction, Very Short Introduction (Oxford: Oxford University Press, 2016), 12.
2 Goddard and Wilson, 19.
3 Alan S. Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead (New York: Penguin Books, 2014), 5-6.
4 Goddard and Wilson, Banking: A Very Short Introduction, 55.
5 Goddard and Wilson, 63.
6 Adam Hayes, “Target Rate Definition,” Investopedia, 2019.
7 Goddard and Wilson, Banking: A Very Short Introduction, 60.
8 Ian Shapiro, “Lecture 20: Fallout: The Housing Crisis and Its Aftermath,” YaleCourses, 2019, https://www.youtube.com/watch?v=5v1EtiEuSEY&t=7s.
9 Michael Lewis, The Big Short: Inside the Doomsday Machine (New York: W. W. Norton & Compnay, 2011), 26.
10 Lewis, 51.
11 Lewis, 96.
12 Lewis, 66.
13 Shapiro, “Lecture 20: Fallout: The Housing Crisis and Its Aftermath.”
14 Lewis, The Big Short: Inside the Doomsday Machine, 99.
15 Andrew Metrick and Timothy Geithner, “The Global Financial Crisis” (Yale University, 2020).
16 Adam Tooze, Crashed: How a Decade of Financial Crises Changed the World (New York: Penguin Books, 2019), 38.
17 Tooze, 75.
18 Metrick and Geithner, “The Global Financial Crisis.”
19 Metrick and Geithner.
20 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 118.
21 Metrick and Geithner, “The Global Financial Crisis.”
22 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 224.
23 Metrick and Geithner, “The Global Financial Crisis.”
24 Metrick and Geithner.
25 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 119-120.
26 Blinder, 122.
27 Blinder, 123.
28 Metrick and Geithner, “The Global Financial Crisis.”
29 Goddard and Wilson, Banking: A Very Short Introduction, 69.
30 Metrick and Geithner, “The Global Financial Crisis.”
31 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 205.
32 Blinder, 206.
33 Blinder, 188.
34 Blinder, 234.
35 “The Financial Crisis in Response Charts” (Washington, DC,: US Department of the Treasury, 2012).
36 “The Financial Crisis in Response Charts.”
37 Shapiro, “Lecture 20: Fallout: The Housing Crisis and Its Aftermath.”
38Skylar Olsen, “A House Divided - How Race Colors the Path to Homeownership,” Zillow, Inc., 2014.
39 The United States Department of Justice, “Justice Department Reaches Settlement with Wells Fargo Resulting in More Than $175 Million in Relief for Homeowners to Resolve Fair Lending Claims,” 2012.
40 Ana Kent, Lowell Ricketts, and Roy Boshara. “What Wealth Inequality in America Looks Like: Key Facts & Figures,” Federal Reserve Bank of St. Louis, 2019.
41 “The Financial Crisis in Response Charts.”
42 Tooze, Crashed: How a Decade of Financial Crises Changed the World, 374.
43 Andrew Ross Sorkin, Too Big to Fail: The Inside Story to How Wall Street and Washington Fought to Save the Financial System—and Themselves (New York: Penguin Books, 2018), 297.
44 Sorkin, 298.
45 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 181.
46 Andrew Ross Sorkin, Too Big to Fail: The Inside Story to How Wall Street and Washington Fought to Save the Financial System—and Themselves, .515.
47 Sorkin, 517.
48 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 181.
49 Jacob Clifford and Adriene Hill, “The 2008 Financial Crisis: Crash Course Economics #12,” Crash Course, 2015.
50 Michael J. Graetz and Ian Shapiro, The Wolf at the Door: The Menace of Economic Insecurity and How to Fight It (Boston: Harvard University Press, 2020), 74.
51 John C. Coffee Jr., “The Political Economy of Dodd-Frank: Why Financial Reform Tends to Be Frustrated and Systemic Risk Perpetuated,” Cornell Law Review, 2012.
52 Ron Suskind, Confidence Men: Wall Street, Washington, and the Education of a President (New York: Harper Perennial, 2011), 234.
53 Suskind, 440.
54 Suskind, 345.
55 Suskind, 440.
56 Shapiro, “Lecture 20: Fallout: The Housing Crisis and Its Aftermath.”
57 Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, 307-309.
58 Suskind, 5.
59 Ian Shapiro, “Three Views of Regulation,” n.d.
60 Ian Shapiro, “Three Views of Regulation,” n.d.
61 Shapiro, “Lecture 20: Fallout: The Housing Crisis and Its Aftermath.”
62 Ian Shapiro, “Lecture 21: Backlash - 2016 and Beyond,” YaleCourses, 2019, https://www.youtube.com/watch?v=-5QM1DBSRLw&list=PLh9mgdi4rNeyViG2ar68jkgEi4y6doNZy&index=22&t=3s.
63 Shapiro.
64Eric Whiteside, “What Is the 50/30/20 Budget Rule?,” Investopedia, 2020, https://www.investopedia.com/ask/answers/022916/what-502030-budget-rule.asp#:~:text=Senator Elizabeth Warren popularized the,socking away 20%25 to savings.
65 Whiteside.
66 Charles D. Ellis, Winning the Loser’s Game: Timeless Strategies for Successful Investing (New York: McGraw-Hill, 2002), 30-31.
67 Shapiro, “Lecture 20: Fallout: The Housing Crisis and Its Aftermath.”
68 Shapiro.
69 “The Financial Crisis in Response Charts.”
Comments: