Cover; Title Page; Copyright Page; Table of Contents; Acknowledgments; Financial Scorecard; Introduction; Chapter 1: Bear Stearns--The Original Sin; Chapter 2: Bailouts 101; Chapter 3: The Depression of the 1930s and the Interventions; Chapter 4: After the Depression; Chapter 5: The 1980s Financial Crisis and the Interventions; Chapter 6: After the 1980s Financial Crisis; Chapter 7: The 2000s Crisis: The Fed and Treasury Intervene; Chapter 8: The 2000s Crisis: The FDIC Intervenes; Chapter 9: The 2000s Crisis: TARP; Chapter 10: Will the Dodd-Frank Changes Stop the Bailouts?
Chapter 11: The Assessment of the HistoryAppendix The Freedom of Information Act Lawsuits; Selected Bibliography; Index; About the Author; Back Cover
Summary
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 1930s or in the extraordinary push of consumers into homeownership leading up to the current crisis. This detailed analysis is an essential read in order to understand why the United States ha
