{"product_id":"to-the-brink-of-destruction-americas-rating-agencies-and-financial-crisis-hardback-9781501760242","title":"To the Brink of Destruction; America's Rating Agencies and Financial Crisis (Hardback) 9781501760242","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eTo the Brink of Destruction\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eAmerica's Rating Agencies and Financial Crisis\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eTimothy J. Sinclair (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781501760242\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 15 November 2021\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e228 pages, 3 b\u0026amp;w line drawings - 3 Line drawings, black and white\u003cbr\u003e21.6 x 14 x 2.4 cm, 0.454 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eTo the Brink of Destruction \u003c\/i\u003e\u003c\/b\u003e\u003cb\u003eexposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy. \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTimothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turned—and ultimately failed—during the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess. \u003c\/p\u003e \u003cp\u003eSinclair's well-researched investigation offers a clear, accessible explanation of structured finance and how it works. \u003ci\u003eTo the Brink of Destruction\u003c\/i\u003e avoids tired accusations, instead providing novel insight into the role rating agencies played in the worst crisis of modern global capitalism.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eIntroduction\u003cbr\u003e 1. Fixations: The Making and Unmaking of Categories\u003cbr\u003e 2. Rehearsal\u003cbr\u003e 3. Main Attraction\u003cbr\u003e 4. Intermission\u003cbr\u003e 5. Sideshow\u003cbr\u003e 6. Encore\u003cbr\u003e 7. Fictions: The Making and Unmaking of Boundaries\u003cbr\u003e Epilogue\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cornell University Press","offers":[{"title":"Brand New","offer_id":52681632219416,"sku":"9781501760242","price":30.39,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/to-the-brink-of-destruction-americas-rating-agencies-and-financial-crisis-hardback-9781501760242","provider":"Freshly Printed Books","version":"1.0","type":"link"}