Jimmy Stewart is dead: ending the world's ongoing financial plague with limited purpose banking
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, N.J.
Wiley
2010
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes bibliographical references (p. 207-226) and index |
| Beschreibung: | XXII, 241 S. |
| ISBN: | 9780470581551 |
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| 650 | 4 | |a Financial crises |z United States |x History |y 21st century | |
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Datensatz im Suchindex
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|---|---|
| adam_text | IMAGE 1
JIMMY STEWART
IS DEAD
ENDING THE WORLD S ONGOING FINANCIAL PLAGUE WITH LIMITED PURPOSE BANKING
LAURENCE J. KOTLIKOFF
WILEY
JOHN WILEY & SONS, INC.
IMAGE 2
CONTENTS
FOREWORD BY JEFFREY SACHS XIII
PREFACE XVII
ACKNOWLEDGMENTS XXI
CHAPTER 1 IT S A HORRIBLE MESS 1
IT S NOT BAILEY SAVINGS & LOAN 2
ECONOMICS DIARY, SPRING 2009: THE D WORD 7 ECONOMICS DIARY, AUGUST 22,
2009 - 9
THE TREASURY S NO-STRESS STRESS TEST 11
ECONOMICS DIARY, AUGUST 26, 2009: THE STATE OF THE STATES 11
IT S THE PSYCHOLOGY, DUH! 13
WHEN LEXINGTON, MASSACHUSETTS, TURNS INTO CAMDEN, NEW JERSEY 15
ECONOMICS DIARY, AUGUST 29, 2009: THE GREAT D OR THE GREAT R? 18
SYSTEMIC BASK INSURANCE 20
WHO S BACKSTOPPING THE BACKSTOP? 21
VN
IMAGE 3
VM CONTENTS
TRUST DOESN T COME CHEAP 23
FULL NONDISCLOSURE 24
A SYSTEM WITH NO FIREWALLS 26
CHAPTER 2 THE BIG CON: FINANCIAL MALFEASANCE, AMERICAN STYLE 31
RICHARD FULD OR ELMER FUDD? 32
PLAYING BRIDGE AS BEAR BURNED 34
MACHO, MACHO MEN ^ . . 38
STAN THE MAN 39
ECONOMIC DIARY, AUGUST 11, 2009: UNCLE SAM SUES UNCLE SAM 40
ECONOMICS DIARY, SEPTEMBER 14, 2009: JUDGE RAKOFF TO THE SEC: DROP
DEAD 42
THE PRINCE OF REDNESS 42
CDOS TO THE RACES 44
CDO LIQUIDITY PUTS 45
AIG S THREE-HUNDRED-MILLION-DOLLAR MAN 47 FRANKLIN DELANO RAINES 51
SPECULATION WITH OTHER PEOPLE S MONEY 52
IT S THE LEVERAGING, NOT THE LEVERAGE 54
STEALING OTHER PEOPLE S MONEY 57
MADOFF S PONZI SCHEME 58
THE ESSENCE OF PONZI SCHEMES 58
ECONOMICS TAKE ON PONZI SCHEMES 61
DON T SHOW ME THE MONEY 62
THE REAL CRIME IN A PONZI SCHEME 65
IS THE U.S. BANKING SYSTEM A PONZI SCHEME? 65 FROM PONZI SCHEMES TO FULL
DISCLOSURE 67
DISCLOSURE IS ESSENTIAL 69
DISCLOSURE IS NOT ENOUGH 70
UNCLE SAM S PONZI SCHEME 74
FISCAL GAP ACCOUNTING 75
WHY IS THE U.S. FISCAL GAP SO LARGE? 76
SOCIAL SECURITY S UNFUNDED LIABILITY 77
IS THE U.S. BANKRUPT? 78
IMAGE 4
CONTENTS IX
CHAPTER 3 UNCLE SAM S DANGEROUS MEDICINE 81
SAM S GOT YOUR BACK 83
MATURITY TRANSFORMATION IN THEORY AND PRACTICE 84 BACKING THE BUCK 86
OPENING PANDORA S BOX 89
ECONOMICS DIARY, SEPTEMBER 14, 2009: TRADE/FINANCIAL WAR WITH CHINA? 90
OUR ONCE AND FUTURE HORRIBLE MESS 91
BIG BROTHER, CAN YOU SPARE ONE HUNDRED BILLION? 91
BAILING OUT CORPORATE PENSIONS 94
RECAPITALIZING THE BANKS 98
BUYING UP TOXIC ASSETS 102
GASP-THE GEITHNER AND SUMMERS PLAN 103 PUTTING MORE OF SOMEONE ELSE S
SKIN IN THE GAME 106
LEVERAGE UPON LEVERAGE . 109
WEAPONS OF MASS FINANCIAL DESTRUCTION 110 PROPOSED CONTROL OF
DERIVATIVES 112
THE DANGERS OF PUTTING WALL STREET ON A LEASH 112
CHAPTER 4 THIS SUCKER COULD GO DOWN 115
TAKING STOCK 116
WE ARE NOT ALL KEYNESIANS NOW 118
REVIEWING THE CASE FOR RADICAL SURGERY 122
CHAPTER 5 LIMITED PURPOSE BANKING 123
FULL DISCLOSURE-NO PLAN IS PERFECT 124
BANKS = MUTUAL FUNDS 126
THE FEDERAL FINANCIAL AUTHORITY 126
ENDING INSIDER RATING 128
BYE-BYE, BERNIE, BYE-BYE, ALLEN 128
INITIATION, NOT SECURITIZATION, IS THE PROBLEM 128 SECURITIZING DEATH
130
CASH MUTUAL FUNDS 131
OBVIATING FDIC INSURANCE AND CAPITAL RE QUIREMENTS 132
IMAGE 5
X CONTENTS
CASH MUTUAL FUNDS AND NARROW BANKING 132
REGAINING CONTROL OF THE MONEY SUPPLY , 134 INSURANCE MUTUAL FUNDS 136
ILLUSTRATING A LIFE INSURANCE MUTUAL FUND 137 INSURING THE UNINSURABLE-A
LIFE INSURANCE EXAMPLE 138
THE FINANCIAL RISK OF SWINE FLU 140
LPB LIFE INSURANCE MUTUAL FUNDS AND TONTINES 142 ILLUSTRATING OTHER
TYPES OF INSURANCE MUTUAL FUNDS 143
LPB LETS US LEVERAGE US, BUT NOT OUR COUNTRYMEN 144
USING INSURANCE MUTUAL FUNDS TO BUY AND SELL CDSS 145
SHARING AGGREGATE RISK 146
PARIMUTUEL BETTING AND INSURANCE MUTUAL FUNDS 148 BETTING ON MORE THAN
ONE HORSE/MORTALITY RATE 148
ILLUSTRATING A HOMEOWNER S INSURANCE MUTUAL FUND 149
HELPING SOLVE THE CORPORATE GOVERNANCE PROBLEM 150
RELATIONSHIP OF LIMITED PURPOSE BANKING TO GLASS-STEAGALL 150
ISN T LPB SIMPLY IMPOSING 100 PERCENT CAPITAL REQUIREMENTS? 151
CHAPTER 6 GETTING FROM HERE TO THERE 155
IMPLEMENTING LIMITED PURPOSE BANKING 156 ZOMBIES AND GAZELLES 157
DELEVERAGING INVESTMENT BANKING AND TRADING 158 AN END TO ROGUE TRADING
159
THE POLITICS OF LIMITED PURPOSE BANKING * 161
CHAPTER 7 WHAT ABOUT? 163
CAN WE JUST AGREE TO AGREE? 165
WILL LPB REDUCE LIQUIDITY? 166
IMAGE 6
CONTENTS XI
WILL LPB REDUCE CREDIT? 166
WHO WILL LEND TO BUSINESS? 167
WILL LPB REDUCE LEVERAGE? 167
WILL LPB SHRINK THE FINANCIAL SECTOR? 168
DOESN T LPB FORCE US TO BECOME OUR OWN BANKERS? 168
ISN T LPB REDUCING THE AMOUNT OF SAFE ASSETS? 168
DOES LPB REQUIRE HOMEMADE INSURANCE POLICIES? 170
INSURING AGAINST CHANGES IN INSURABILITY 171 WITH LPB YOU DON T KNOW THE
ODDS UNTIL IT S TOO LATE 172
WHY NOT SIMPLY CORRECTLY PRICE THE GOVERNMENT S GUARANTEES? 172
HOW WILL MONETARY POLICY OPERATE? 174
WHAT ABOUT FOREIGN ASSETS? 175
WON T AMERICANS JUST BANK ABROAD? 175
DOESN T LPB DRAMATICALLY SHRINK THE MONEY SUPPLY? 176
WHAT S THE ROLE OF THE FFA IN INVESTMENT BANKING? 177
WHAT ABOUT VENTURE CAPITAL, PRIVATE EQUITY FIRMS, AND HEDGE FUNDS? 178
IS GE A BANK UNDER LPB? 178
CAN T NONFINANCIAL CORPORATIONS PLAY CONVENTIONAL BANK? 179
WHY LET PROPRIETORSHIPS RUN TRADITIONAL BANKS? 179
WILL LPB PREVENT FINANCIAL PANICS? 179
LPB WILL DESTROY VALUABLE RELATIONSHIPS AND INFORMATION BANKS HAVE ABOUT
THEIR BORROWERS 180
ECONOMICS DIARY, NOVEMBER 11, 2009: WHITHER THE ECONOMY? 181
CHAPTER 8 CONCLUSION 189
IMAGE 7
XLL
CONTENTS
AFTERWORD FIXING THE REST OF OUR ECONOMIC MESS 191
FIXING TAXES:, THE PURPLETAX 192
FIXING HEALTHCARE: MEDICARE PART C FOR ALL! 197 FIXING SOCIAL SECURITY
AND RETIREMENT ACCOUNTS: THE PERSONAL SECURITY SYSTEM 201 REMOVING THE
FISCAL AND ECONOMIC SWORDS
OF DAMOCLES . 204
NOTES ABOUT THE AUTHOR INDEX
207 227 229
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| spelling | Kotlikoff, Laurence J. 1951- Verfasser (DE-588)128845007 aut Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking Laurence J. Kotlikoff Hoboken, N.J. Wiley 2010 XXII, 241 S. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references (p. 207-226) and index Geschichte 2007-2010 gnd rswk-swf Geschichte Fiscal policy United States Financial crises United States History 21st century Fiskalpolitik (DE-588)4071234-5 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Finanzkrise (DE-588)7635855-0 s Fiskalpolitik (DE-588)4071234-5 s Geschichte 2007-2010 z DE-604 GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020498580&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Kotlikoff, Laurence J. 1951- Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking Geschichte Fiscal policy United States Financial crises United States History 21st century Fiskalpolitik (DE-588)4071234-5 gnd Finanzkrise (DE-588)7635855-0 gnd |
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| title | Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking |
| title_auth | Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking |
| title_exact_search | Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking |
| title_full | Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking Laurence J. Kotlikoff |
| title_fullStr | Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking Laurence J. Kotlikoff |
| title_full_unstemmed | Jimmy Stewart is dead ending the world's ongoing financial plague with limited purpose banking Laurence J. Kotlikoff |
| title_short | Jimmy Stewart is dead |
| title_sort | jimmy stewart is dead ending the world s ongoing financial plague with limited purpose banking |
| title_sub | ending the world's ongoing financial plague with limited purpose banking |
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