Darrell Duffie is the Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business. He is the author of Dynamic Asset Pricing Theory and the coauthor of Credit Risk: Pricing, Measurement, and Management (both Princeton). A leading finance expert explains how and why big banks fail-and what can be done to prevent it Dealer banks-that is, large banks that deal in securities and derivatives, such as J. P. Morgan...

Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage, threatening yet...

The global financial crisis produced an important agreement among regulators in 2010–11 to raise capital requirements for banks to protect them from insolvency in the event of another emergency. In this book, William R. Cline, a leading expert on the global financial system, employs sophisticated economic models to analyze whether these reforms, embodied in the Third Basel Accord, have gone far enough. He calculates how much higher bank capital...

Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.

Presents a moment-by-moment account of the recent financial collapse that documents state efforts to prevent an economic disaster, offering insight into the pivotal consequences of decisions made throughout the past decade.

"In 13 Bankers, prominent economist Simon Johnson and James Kwak show why our future is imperiled by the ideology of finance and by Wall Street's political control of government policy pertaining to it. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be 'small enought to fail'."--Container.

Based on the book by Nicholas Leeson and Edward Whitley, this movie shows how greed, excess and high-stakes gambling brought down one of Britain's oldest and most successful financial institutions.

Frontline investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers collapse, the propping up of insurance giant AIG and the $700 billion bailout.