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Frontmatter -- Contents -- List of Illustrations -- Preface -- THE BANKS DID IT -- 1 A Long, Strange Trip -- 2 From Mortgages to Mortgage Securitization -- 3 The Rise of the Vertically Integrated Private Banks, 1993-2001 -- 4 Financial Innovation and the Alphabet Soup of Financial Products -- 5 The Subprime Moment, 2001-2008 -- 6 The Crisis and Its Spread Worldwide -- 7 Fraud and the Financial Crisis -- 8 Why Did the Federal Reserve Miss the Financial Crisis of 2008 -- 9 The Banks Did It (With the Help of the Government!) -- Notes -- References -- Acknowledgments -- Index

Cover -- Title Page -- Copyright Page -- Contents -- List of Tables -- Preface -- 1. Bringing Sociology Back In -- A Critique of the Existing Literature in the Sociology of Markets -- Theoretical Questions for a Sociology of Markets -- A Political-Cultural Approach -- Structure of the Book -- Normative Implications of the Political-Cultural Approach to the Sociology of Markets -- PART I -- 2. Markets as Institutions -- Market Institutions: Basic Definitions -- State Building and Market Building -- Power in Policy Domains and Market Institutions -- 3. The Politics of the Creation of Market Institutions -- Political Structuring of Labor Market Institutions -- Policy Domains and Market Regulation in Real Societies -- Stability and Complexity -- Implications for Research -- Conclusion -- 4. The Theory of Fields and the Problem of Market Formation -- Markets as Fields -- The Goal of Action in Stable Markets -- The Problem of Change and Stability in Markets -- Links between Market Formation and States -- Some Macro Implications of the Theory of Fields -- Globalization and Market Processes -- Conclusion -- PART I I -- 5. The Logic of Employment Systems -- Employment Systems as Institutional Projects -- Variations and Transformations in Employment Systems -- The Dynamics of Systems of Employment Relations -- Insights into Comparative Employment Systems -- Research Agendas -- Conclusion -- 6. The Dynamics of U.S. Firms and the Issue of Ownership and Control in the 1970s -- Review of the Literature -- Management versus Owner Control -- Bank Control -- Market Dynamics and Management Control -- Hypotheses -- Data and Methods -- Results -- Discussion and Conclusions -- Appendix A -- 7. The Rise of the Shareholder Value Conception of the Firm and the Merger Movement in the 1980s -- What Is to Be Explained? -- Finance Economics