Whoops! by John Lanchester
The fundamental change: when it became possible for lenders to sell
loans, instead of having to sit on them, they stopped caring very
much whether borrowers could make the payments or not.
Reviewed by Stephen Foley
independent.co.uk (January 29 2010)
How wise, we
Whoops!: Why Everyone Owes Everyone and No One Can Pay by John Lanchester
(Allen Lane, 2010)
by Christian Lorentzen
thenational.ae (February 18 2010)
Much about the present financial crisis has baffled members of the public
not intimately familiar with the workings of Wall Street. How did a
