Revisiting 2008 Financial Crisis

14 Pages Posted: 26 Feb 2013

See all articles by Sankha Nath Bandyopadhyay

Sankha Nath Bandyopadhyay

Centre for Budget and Governance Accountability (CBGA)

Date Written: February 26, 2013

Abstract

Despite having several challenges in implementing certain provisions to combat global financial malfunctioning, the fate of Dodd-Frank Act seems positive with the reelection of Obama in the United States. This article tries to explore some of the recent regulatory affairs in the backdrop of the 2008 global financial crisis, probably one of the most virulent one in the history of the crises reflected in the imprudent lending following the ‘originate-to-distribute’ model by banks in US and the reckless borrowing at easy credit condition by borrowers (especially by sub-prime borrowers) without understanding the complexity of most of the financial products and transactions, unless become visible in a massive negative home equity.

Keywords: financial crisis, originate-to-distribute, hot potato, teaser rates, Dodd-Frank

JEL Classification: G01, G18, G21, G23,G24

Suggested Citation

Bandyopadhyay, Sankha Nath, Revisiting 2008 Financial Crisis (February 26, 2013). Available at SSRN: https://ssrn.com/abstract=2224599 or http://dx.doi.org/10.2139/ssrn.2224599

Sankha Nath Bandyopadhyay (Contact Author)

Centre for Budget and Governance Accountability (CBGA) ( email )

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India
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