1.

Record Nr.

UNINA9910778950903321

Autore

McKinley Vern

Titolo

Financing failure [[electronic resource] ] : a century of bailouts / / Vern McKinley

Pubbl/distr/stampa

Oakland, Calif., : Independent Institute, 2011

ISBN

1-59813-053-6

1-59813-066-8

Edizione

[Rev. and updated ed.]

Descrizione fisica

1 online resource (400 p.)

Collana

Independent studies in political economy Financing failure

Disciplina

332.10973

Soggetti

Bank failures - United States - History

Bank failures - Government policy - United States

Banks and banking - State supervision

Bailouts (Government policy)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Bear Stearns : the original sin -- Who has told the story of the bailouts? -- Bailouts 101 -- The depression of the 1930s and the interventions -- After the depression -- The 1980s financial crisis and the interventions -- After the 1980s financial crisis -- The 2000s crisis : the Fed and treasury intervene -- The 2000s crisis : the FDIC intervenes -- The 2000s crisis : TARP -- Will the Dodd-Frank changes stop the bailouts? -- The assessment of the history -- Appendix: the freedom of information act lawsuits.

Sommario/riassunto

Probably no issue during the most recent financial crisis aroused more passion than financial institution bailouts. Focusing on the policymaking behind the decisions to bail out these institutions-not just during the most recent crisis, but also throughout history-this account argues that the genesis of financial crisis lies in government policy, whether in the mismanagement of monetary policy during the 1930's or in the extraordinary push of consumers into home ownership leading up to the current crisis. This detailed analysis is an essential read in order to understand why the United States