Bankruptcy, Bubbles and Bailouts

Bankruptcy, Bubbles and Bailouts PDF Author: Aeron Davis
Publisher: Manchester Capitalism
ISBN: 9781526159779
Category : Business & Economics
Languages : en
Pages : 256

Get Book Here

Book Description
This book argues that it is the Treasury, more than any other institution, public or private, which is responsible for socio-economic disparities in the UK, as well as the Brexit paralysis.

Bankruptcy, Bubbles and Bailouts

Bankruptcy, Bubbles and Bailouts PDF Author: Aeron Davis
Publisher: Manchester Capitalism
ISBN: 9781526159779
Category : Business & Economics
Languages : en
Pages : 256

Get Book Here

Book Description
This book argues that it is the Treasury, more than any other institution, public or private, which is responsible for socio-economic disparities in the UK, as well as the Brexit paralysis.

Bankruptcies and Bailouts

Bankruptcies and Bailouts PDF Author: Julie Guard
Publisher:
ISBN: 9781552665046
Category : Capitalism
Languages : en
Pages : 168

Get Book Here

Book Description


Bankruptcy, bubbles and bailouts

Bankruptcy, bubbles and bailouts PDF Author: Aeron Davis
Publisher: Manchester University Press
ISBN: 1526159767
Category : Business & Economics
Languages : en
Pages : 129

Get Book Here

Book Description
The Treasury is one of Britain’s oldest, most powerful and secretive institutions, one that has played a central role in shaping the country's economic system. But all too often it has escaped public scrutiny when it comes to investigating the ups and downs of the UK economy. When portrayed, it is usually as a bedrock of government stability in times of crisis, repeatedly rescuing the nation’s finances from the hands of posturing politicians and the combustions of world financial markets. However, there is another side to the story. In between the highs there have been many lows, from botched privatizations to dubious private finance initiatives, from failing to spot the great financial crisis to facilitating ever-growing inequalities. Davis’s book goes behind the scenes to offer an inside history of the Treasury, in the words of the chancellors, advisors and civil servants themselves. It shows the shortcomings as well as the successes, the personalities and the thinking which have shaped Britain’s economy since the mid-1970s. Based on interviews with over fifty key figures, it offers a fascinating, alternative insight on how and why the UK economy came to function as it does today, and why reform is long overdue.

Ending Government Bailouts as We Know Them

Ending Government Bailouts as We Know Them PDF Author: Kenneth E. Scott
Publisher: Hoover Press
ISBN: 0817911235
Category : Business & Economics
Languages : en
Pages : 353

Get Book Here

Book Description
This book examines the dangers of continuing government bailouts and offers alternative strategies designed to produce growth based on the vigor of the private sector with inflation under control. The expert authors show that it is indeed possible to explain the causes of the crisis in understandable terms and clarify why resolving the bailout problem is essential to preventing future crises.

Last Resort

Last Resort PDF Author: Eric A. Posner
Publisher: University of Chicago Press
ISBN: 022642023X
Category : Law
Languages : en
Pages : 226

Get Book Here

Book Description
The bailouts during the recent financial crisis enraged the public. They felt unfair—and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars, aren’t we encouraging them to continue to act irresponsibly, setting the stage for future crises? And beyond the ethics of it was the question of whether the government even had the authority to bail out failing firms like Bear Stearns and AIG. The answer, according to Eric A. Posner, is no. The federal government freely and frequently violated the law with the bailouts—but it did so in the public interest. An understandable lack of sympathy toward Wall Street has obscured the fact that bailouts have happened throughout economic history and are unavoidable in any modern, market-based economy. And they’re actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms. During the recent crisis, Posner agues, the law didn’t give federal agencies sufficient power to rescue the financial system. The legal constraints were damaging, but harm was limited because the agencies—with a few exceptions—violated or improvised elaborate evasions of the law. Yet the agencies also abused their power. If illegal actions were what it took to advance the public interest, Posner argues, we ought to change the law, but we need to do so in a way that also prevents agencies from misusing their authority. In the aftermath of the crisis, confusion about what agencies did do, should have done, and were allowed to do, has prevented a clear and realistic assessment and may hamper our response to future crises. Taking up the common objections raised by both right and left, Posner argues that future bailouts will occur. Acknowledging that inevitability, we can and must look ahead and carefully assess our policy options before we need them.

Financial Shock (Updated Edition), (Paperback)

Financial Shock (Updated Edition), (Paperback) PDF Author: Mark Zandi
Publisher: FT Press
ISBN: 0137026188
Category : Business & Economics
Languages : en
Pages : 408

Get Book Here

Book Description
"In Financial Shock, Mr. Zandi provides a concise and lucid account of the economic, political, and regulatory forces behind this binge." —The Wall Street Journal “The obvious place to start is the financial crisis, and the clearest guide to it that I’ve read is Financial Shock by Mark Zandi....It is an impressively lucid guide to the big issues.” — David Leonhardt, The New York Times “If you wonder how it could be possible for a subprime mortgage loan to bring the global financial system and the U.S. economy to its knees, you should read this book. No one is better qualified to provide this insight and advice than Mark Zandi.” — Larry Kudlow, Host, CNBC’s Kudlow & Company “Mark Zandi provides insightful analysis, thoughtful recommendations, and a comprehensible explanation of the financial crisis that is accessible to the general public and extremely useful to those who specialize in the area.” — Barney Frank, Chairman, House Financial Services Committee The Definitive Financial Meltdown Exposé: Now completely updated to include discussions of the Obama administration’s many policy initiatives and proposed solutions. •Includes expanded coverage of the market meltdown, the bailout bill and stimulus plans, the bank rescue plan, and the foreclosure mitigation plan • Sifting the wreckage, fixing the blame: the roles of mortgage lenders, investment bankers, speculators, the real estate industry, regulators, the Fed, and homebuyers • Tomorrow’s emerging financial shocks–and how to prevent them

Bailout Nation

Bailout Nation PDF Author: Barry Ritholtz
Publisher: John Wiley & Sons
ISBN: 0470535989
Category : Business & Economics
Languages : en
Pages : 356

Get Book Here

Book Description
An engaging look at what led to the financial turmoil we now find ourselves in Bailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation-where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times. Entertaining and informative, this book clearly shows you how years of trying to control the economy with easy money has finally caught up with the federal government and how its practice of repeatedly rescuing Wall Street has come back to bite them. The definitive book on the financial crisis of 2008 Names the culprits responsible for this tragedy-from financial regulators to politicians Shows how each bailout throughout modern history has impacted what happened in the future Examines why the consumer/taxpayer is left suffering in an economy of bubbles, bailouts, and possible inflation Ritholtz operates a hugely popular blog, www.ritholtz.com/blog Scathing, but fair, Bailout Nation is a voice of reason in these uncertain economic times.

Bailout!

Bailout! PDF Author: Bethany Bezdecheck
Publisher: Rosen Young Adult
ISBN: 9781448816811
Category : Bailouts (Government policy)
Languages : en
Pages : 0

Get Book Here

Book Description
Introduces government bailouts for corporations, including the history of corporate bailouts, the details of recent bailouts, and the controversies behind federal government intervention in business.

Bankruptcies & Bailouts

Bankruptcies & Bailouts PDF Author: Wayne Andrew Antony
Publisher: Fernwood Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 172

Get Book Here

Book Description
'Bankrupties and Bailouts' examines the root causes of the current economic crisis, showing how a system dependent on hyper-extended credit, fuelled by systematic deregulation & rooted in the contradictions of a mad drive for unlimited profits was a disaster waiting to happen.

The Pound and the Fury

The Pound and the Fury PDF Author: Jack Mosse
Publisher: Manchester Capitalism
ISBN: 9781526158802
Category :
Languages : en
Pages : 184

Get Book Here

Book Description
This book argues that misconceptions about the economy are rife in the general population and that this democratic deficit is caused by institutional bias and wilful misrepresentation at our most powerful institutions. Through interviews with people from both elite and everyday spaces in the UK, this book exposes the structures of institutional bias that distort public perceptions and understandings of the economy.