Financial Regulation After the Subprime and Credit Crisis

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The recent subprime mortgage and credit crisis has affected nearly all Americans. It is too late to prevent this crisis, but it is not too early to look at what caused it and what can be done to avert similar situations in the future. The volume presents an insightful analysis of the crisis' catalysts, and most importantly advances a practical plan to overcome the deficiencies of the existing regulatory regime. What lessons have we learned about regulatory reform, models of securitization, and liquidity requirements? This book addresses issues central to the debate for strengthening regulatory design through a reduction of home foreclosures, an imperative to improve the performance of credit-rating agencies, and an agreement on executive compensation. By identifying strategies for modification within the market, Goldstein proposes workable reforms that respond appropriately to current financial vulnerabilities and minimize the likelihood of a future crisis.