第二章
信譽(yù)透支與金融危機(jī)

2008~2009年的金融危機(jī)已經(jīng)被人研究過無數(shù)次了。很多研究報(bào)告被寫成了書，重點(diǎn)關(guān)注公司和政府，比如J·P·摩根、高盛、貝爾斯登、雷曼兄弟、美林證券、美國銀行、美聯(lián)儲(chǔ)或者房利美和房地美。書中明確指出，“我們的制度”是釀成危機(jī)的罪魁禍?zhǔn)住?img alt="Alan S. Blinder, After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead (New York: Penguin Press, 2013),關(guān)于宏觀經(jīng)濟(jì)； Roddy Boyd, Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide (Hoboken, NJ: Wiley, 2011); William D. Cohan, Money and Power: How Goldman Sachs Came to Rule the World (New York: Doubleday, 2011); Greg Farrell, Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America (New York: Crown Business, 2010); Kate Kelly, Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street (New York: Penguin, 2009); Michael Lewis, Boomerang: Travels in the New Third World (New York: W. W. Norton, 2011) and The Big Short: Inside the Doomsday Machine (New York: W. W. Norton, 2010), 關(guān)于金融投機(jī)；Lawrence G. McDonald, with Patrick Robinson, A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers (New York: Crown Business, 2009); Gretchen Morgenson and Joshua A. Rosner, Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon (New York: Times Books/Henry Holt, 2011), 關(guān)于房地美和房利美；Henry M. Paulson, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System (New York: Business Plus, 2010), 關(guān)于美國財(cái)政部；Raghuram Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy (Princeton: Princeton University Press, 2010), 關(guān)于財(cái)政體系；Robert J. Shiller, Subprime Solution: How Today's Global Financial Crisis Happened and What to Do about It (Princeton: Princeton University Press, 2008); Andrew Ross Sorkin, Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System (New York: Viking, 2009), 關(guān)于美國財(cái)政部；Gillian Tett, Fool's Gold: How the Bold Dream of a Small Tribe at J. P. Morgan Was Corrupted by Wall Street Greed (New York: Free Press, 2009); and David Wessel, In Fed We Trust: Ben Bernanke's War on the Great Panic (New York: Crown Business, 2009)。特別有用的是十分清晰、記錄全面的Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States (Washington, DC: Government Printing Of.ce, 2011), http://www.gpo.gov/fdsys/ pkg/GPO-FCIC/pdf/GPO-FCIC.pdf。以上所有書籍是關(guān)于本章內(nèi)容的重要背景材料。" class="qqreader-footnote" src="https://epubservercos.yuewen.com/681AD9/4248367103661901/epubprivate/OEBPS/Images/note.png?sign=1749887038-nWEvyPTzApUbzFkV184Euebw4HZ7XavW-0-86fdea335cfdc8ad9df8c5ffadda6a1f">金融危機(jī)的爆發(fā)帶來了金融新聞?lì)I(lǐng)域的繁榮。但是我們不打算像別的書一樣用500多頁的篇幅描述金融危機(jī)發(fā)生的細(xì)節(jié)，而是概要地討論欺騙行為在金融危機(jī)中的主要作用。這種欺騙被稱為“信譽(yù)透支”。