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  Whoops!: Why Everyone Owes Everyone and No One Can Pay (Paperback) By (author) John Lanchester

  

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  Short Description for Whoops!We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyone's money and we're all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? This title answers these questions.
  Full description

  • Publisher: Penguin Books Ltd
  • Published: 07 October 2010
  • Format: Paperback 256 pages
  • See: Full bibliographic data
  • Categories: Economics | International Economics | Financial Crises & Disasters
  • ISBN 13: 9780141045719 ISBN 10: 014104571X
  • Sales rank: 3,950

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Full description for Whoops!

• We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyone's money and now we're all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference between a CDO, a CDS, an MBS, and a toasted cheese sandwich, John Lanchester has mastered the finer points of finance so you don't have to. In "Whoops!" he explains, in language everyone can understand, what really happened - and what on earth we do next.