Author: William M. Isaac
Publisher: John Wiley & Sons
ISBN: 0470640367
Category : Business & Economics
Languages : en
Pages : 421
Book Description
The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the agricultural sector, a bubble burst in the energy sector, a rolling real estate recession swept the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ 10 largest, and Continental Illinois, which, at the time, was the 7thlargest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. With accessible and engaging prose, Isaac: Details the mistakes that led to the panic of 2008 and 2009 Demystifies the conditions America faced in 2008, and Provides a roadmap for avoiding similar shutdowns and panics in the future Senseless Panicis a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system and a blunt indictment of United States policy.
Senseless Panic
Author: William M. Isaac
Publisher: John Wiley & Sons
ISBN: 0470640367
Category : Business & Economics
Languages : en
Pages : 421
Book Description
The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the agricultural sector, a bubble burst in the energy sector, a rolling real estate recession swept the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ 10 largest, and Continental Illinois, which, at the time, was the 7thlargest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. With accessible and engaging prose, Isaac: Details the mistakes that led to the panic of 2008 and 2009 Demystifies the conditions America faced in 2008, and Provides a roadmap for avoiding similar shutdowns and panics in the future Senseless Panicis a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system and a blunt indictment of United States policy.
Publisher: John Wiley & Sons
ISBN: 0470640367
Category : Business & Economics
Languages : en
Pages : 421
Book Description
The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the agricultural sector, a bubble burst in the energy sector, a rolling real estate recession swept the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ 10 largest, and Continental Illinois, which, at the time, was the 7thlargest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. With accessible and engaging prose, Isaac: Details the mistakes that led to the panic of 2008 and 2009 Demystifies the conditions America faced in 2008, and Provides a roadmap for avoiding similar shutdowns and panics in the future Senseless Panicis a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system and a blunt indictment of United States policy.
Senseless Panic
Author: William M. Isaac
Publisher: John Wiley & Sons
ISBN: 1118473191
Category : Business & Economics
Languages : en
Pages : 240
Book Description
The truth about the 2008 economic crisis from a Washington insider The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. Details the mistakes that led to the panic of 2008 and 2009 An updated paperback revision of the bestselling book on the 2008 economic crisis, including a fascinating new Epilogue Demystifies the conditions America faced in 2008 Provides a road map for avoiding similar shutdowns and panics in the future Includes a foreword by Federal Reserve Chairman Paul Volcker Senseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system, a blunt indictment of United States policy, and a road map for making sure it doesn’t happen again.
Publisher: John Wiley & Sons
ISBN: 1118473191
Category : Business & Economics
Languages : en
Pages : 240
Book Description
The truth about the 2008 economic crisis from a Washington insider The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. Details the mistakes that led to the panic of 2008 and 2009 An updated paperback revision of the bestselling book on the 2008 economic crisis, including a fascinating new Epilogue Demystifies the conditions America faced in 2008 Provides a road map for avoiding similar shutdowns and panics in the future Includes a foreword by Federal Reserve Chairman Paul Volcker Senseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system, a blunt indictment of United States policy, and a road map for making sure it doesn’t happen again.
Congressional Record
Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1282
Book Description
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1282
Book Description
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Bimetalism Protection Republicanism
Author: Albert Griffin
Publisher:
ISBN:
Category :
Languages : en
Pages : 460
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 460
Book Description
Motion Picture Projection
Author: Thomas O'Conor Sloane
Publisher:
ISBN:
Category : Chronophotography
Languages : en
Pages : 314
Book Description
Publisher:
ISBN:
Category : Chronophotography
Languages : en
Pages : 314
Book Description
Bankers Magazine
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 1046
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 1046
Book Description
Merchants' Magazine and Commercial Review
Author:
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 1006
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 1006
Book Description
How Money is Made in Security Investments
Author: Henry Hall
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 272
Book Description
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 272
Book Description
The Last Maori War in New Zealand Under the Self-reliant Policy
Author: Sir George Stoddart Whitmore
Publisher: London, S. Low, Marston
ISBN:
Category : Māori (New Zealand people)
Languages : en
Pages : 278
Book Description
Publisher: London, S. Low, Marston
ISBN:
Category : Māori (New Zealand people)
Languages : en
Pages : 278
Book Description
The Bars of Iron
Author: Ethel May Dell
Publisher: ReadHowYouWant.com
ISBN:
Category : Melodramatic fiction
Languages : en
Pages : 606
Book Description
This romance novel begins with a bar room brawl in Australia between two men: one is the English aristocrat Piers Evesham, aged only 19, the other is an unknown. Piers kills the unknown man, and this event haunts the rest of the novel. Piers, the hero, lives with his grandfather Sir Beverley Evesham, who is a broken, bitter man whose only affection is for his grandson. Sir Beverley had a short, unhappy marriage to an Italian woman: this Italian blood makes Piers passionate, patrician, hot-tempered and violent. Piers falls in love with a woman called Avery Denys, who is the mother's help at the Vicarage. She is unsuitable for Piers because of her class, age, social position and because she was married before. However, she is a strong heroine: capable, experienced, loving and mature. The novel contains many scenes of violence, including sexual violence, children being whipped, and a battle in World War One.
Publisher: ReadHowYouWant.com
ISBN:
Category : Melodramatic fiction
Languages : en
Pages : 606
Book Description
This romance novel begins with a bar room brawl in Australia between two men: one is the English aristocrat Piers Evesham, aged only 19, the other is an unknown. Piers kills the unknown man, and this event haunts the rest of the novel. Piers, the hero, lives with his grandfather Sir Beverley Evesham, who is a broken, bitter man whose only affection is for his grandson. Sir Beverley had a short, unhappy marriage to an Italian woman: this Italian blood makes Piers passionate, patrician, hot-tempered and violent. Piers falls in love with a woman called Avery Denys, who is the mother's help at the Vicarage. She is unsuitable for Piers because of her class, age, social position and because she was married before. However, she is a strong heroine: capable, experienced, loving and mature. The novel contains many scenes of violence, including sexual violence, children being whipped, and a battle in World War One.