Author: Phillip L. Zweig
Publisher: Random House Value Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 530

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Author: Joan Edelman Spero
Publisher: Beard Books
ISBN: 9781893122345
Category : Business & Economics
Languages : en
Pages : 252

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Book Description

Author: Kirsten Grind
Publisher: Simon and Schuster
ISBN: 1451617933
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 452

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Author: Gary H. Stern
Publisher: Rowman & Littlefield
ISBN: 0815796366
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 458

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Author: Irvine H. Sprague
Publisher: Beard Books
ISBN: 9781587980176
Category : Business & Economics
Languages : en
Pages : 316

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Book Description
During the high interest times in the 1970's and 1980's, the banks and the savings and loan associations were under heavy financial pressure. Hundreds of them failed. The Home Loan Bank Board permitted the savings and loan associations to treat goodwill as capital, thereby allowing them to remain open and to build up enormous losses that eventually cost the taxpayers billions of dollars. The Federal Deposit Insurance Corporation took a different approach. It closed the banks or sold them, all at no cost to the taxpayers. Bailout is the engrossing story of how the FDIC handled four of these failures. Book jacket.

Author: Phillip L. Zweig
Publisher: Crown
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 972

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Book Description
Wriston rose to the top of the giant but sleepy First National City, later renamed Citibank, and set about reinventing not only his own institution, but much of banking and finance in the U.S. and the world. The story of his three turbulent decades at Citibank will fascinate anyone interested in the forces that control money and capital. (Cover Title)

Author: Mark Singer
Publisher: Houghton Mifflin Harcourt
ISBN: 0547526466
Category : Business & Economics
Languages : en
Pages : 243

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Book Description
New York Times Bestseller: The “grandly entertaining” true story of an oil boom, an Oklahoma City bank, and a chain of crime, corruption, and collapse (Texas Monthly). The Penn Square Bank, located in an Oklahoma City shopping mall, started raking in money in the late 1970s making high-risk loans in the energy industry—and then selling them to other banks. Then came the summer of 1982, when the whole thing collapsed and took a lot of uninsured depositors down with it, as well as causing major losses at financial institutions coast to coast—and eventually sending an executive to jail. In this book, New Yorker writer Mark Singer recounts the whole spectacular story and makes brilliantly (and hilariously) clear what actually happened and why. Funny Money represents both a unique moment in the history of American banking and a timeless tale of frenzied, reckless greed. “[Singer] tells the tale with wonderful verve. He concentrates not on the financial complexities of the catastrophe but on the colorful people involved.” —The New York Times “Superbly researched and clearly written.” —The Cleveland Plain Dealer “Witty . . . This is a book that refutes anyone operating on the prejudice that business reporting must be dull.” —The Washington Post

Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
ISBN: 1616405414
Category : Political Science
Languages : en
Pages : 692

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Book Description
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.