"Contents" [2010] ELECD 685; in Mitchell, E. Lawrence; Wilmarth, Jr, E. Arthur (eds), "The Panic of 2008" (Edward Elgar Publishing, 2010)

Book Title: The Panic of 2008

Editor(s): Mitchell, E. Lawrence; Wilmarth, Jr, E. Arthur

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781849802611

Section Title: Contents

Number of pages: 2

Extract:

Contents
Acknowledgements vii
List of contributors viii

Introduction 1
Chronology of the panic of 2008 22

PART I HISTORICAL ANTECEDENTS

1 The panic of 2008: something old and something new 39
Maury Klein
2 The anatomy of a residential mortgage crisis: a look back to
the 1930s 51
Kenneth A. Snowden, Jr.

PART II CAUSES, CONSEQUENCES, AND
IMPLICATIONS FOR REFORM

3 Stress testing and scenario analysis in risk management:
preparing for the worst 77
James Fanto
4 Too big to fail?: recasting the financial safety net 94
Steven L. Schwarcz
5 Overdependence on credit ratings was a primary cause of the
crisis 116
Frank Partnoy
6 Federal preemption, regulatory failure and the race to the
bottom in US mortgage lending standards 132
Patricia A. McCoy
7 Lessons from 2008 US bank failures 169
William C. Handorf
8 Defaults and returns in the high-yield bond market: the year
2008 in review and outlook 177
Edward I. Altman and Brenda J. Karlin
9 Regulating the financial markets by examinations 218
Tamar Frankel

v
vi The panic of 2008

10 The sewers of Jefferson County: disclosure, trust and truth in
modern finance 255
Theresa A. Gabaldon
11 It's time to resuscitate the shareholder derivative action 285
Edward Labaton and Michael W. Stocker
12 Cuomo v. Clearing House: The Supreme Court responds to the
subprime financial crisis and delivers a major victory for the
dual banking system and consumer protection 295
Arthur E. Wilmarth, Jr.

Index 347