Broken bargain :: bankers, bailouts, and the struggle to tame Wall Street /
A history of major financial crises--and how taxpayers have been left with the bill In the 1930s, battered and humbled by the Great Depression, the U.S. financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: tr...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New Haven :
Yale University Press,
[2019]
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | A history of major financial crises--and how taxpayers have been left with the bill In the 1930s, battered and humbled by the Great Depression, the U.S. financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and antifraud measures, and fiduciary responsibilities. Despite subsequent periodic changes in these regulations, the underlying bargain played a major role in preserving the stability of the financial markets as well as the larger economy. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed--and government agreed. This engaging history documents the country's financial crises, focusing on those of the 1920s, the 1980s, and the 2000s, and reveals how the two more recent crises arose from the neglect of this fundamental bargain, and how taxpayers have been left with the bill. |
| Beschreibung: | 1 online resource (xiv, 424 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780300240665 030024066X |
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| 505 | 0 | |a Introduction -- 1. The danger and necessity of banks -- 2. A cheat upon somebody -- 3 Inc. -- 4. The Civil War tames currency -- 5. Sunshine Charlie -- 6. Radio, rayon, and retail credit -- 7. If it seems too good to be true ... -- 8 Crash and contagion -- 9. Tickled with poverty -- 10. Moral hazard -- 11. Zombie banks -- 12. The American home : safeguard of American liberties -- 13. Financial cocaine -- 14. Cover-up and bailout -- 15. Russia defaults -- 16. The committee to save the world -- 17. Dysfunctional oversight -- 18. Enron : the emperor's new clothes -- 19. Tent city -- 20. Financial magic -- 21. The subprime prisoner's dilemma -- 22. Feds tell states : shut up, sit down -- 23. A number out of the air -- 24. Fake accounts -- 25. Who should own a bank. | |
| 520 | |a A history of major financial crises--and how taxpayers have been left with the bill In the 1930s, battered and humbled by the Great Depression, the U.S. financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and antifraud measures, and fiduciary responsibilities. Despite subsequent periodic changes in these regulations, the underlying bargain played a major role in preserving the stability of the financial markets as well as the larger economy. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed--and government agreed. This engaging history documents the country's financial crises, focusing on those of the 1920s, the 1980s, and the 2000s, and reveals how the two more recent crises arose from the neglect of this fundamental bargain, and how taxpayers have been left with the bill. | ||
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| contents | Introduction -- 1. The danger and necessity of banks -- 2. A cheat upon somebody -- 3 Inc. -- 4. The Civil War tames currency -- 5. Sunshine Charlie -- 6. Radio, rayon, and retail credit -- 7. If it seems too good to be true ... -- 8 Crash and contagion -- 9. Tickled with poverty -- 10. Moral hazard -- 11. Zombie banks -- 12. The American home : safeguard of American liberties -- 13. Financial cocaine -- 14. Cover-up and bailout -- 15. Russia defaults -- 16. The committee to save the world -- 17. Dysfunctional oversight -- 18. Enron : the emperor's new clothes -- 19. Tent city -- 20. Financial magic -- 21. The subprime prisoner's dilemma -- 22. Feds tell states : shut up, sit down -- 23. A number out of the air -- 24. Fake accounts -- 25. Who should own a bank. |
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| spelling | Day, Kathleen Mary, 1958- author https://id.oclc.org/worldcat/entity/E39PCjCcbDtjWw4TYFDCk7my3P http://id.loc.gov/authorities/names/n95031672 Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / Kathleen Day. New Haven : Yale University Press, [2019] ©2019 1 online resource (xiv, 424 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file Includes bibliographical references and index. Introduction -- 1. The danger and necessity of banks -- 2. A cheat upon somebody -- 3 Inc. -- 4. The Civil War tames currency -- 5. Sunshine Charlie -- 6. Radio, rayon, and retail credit -- 7. If it seems too good to be true ... -- 8 Crash and contagion -- 9. Tickled with poverty -- 10. Moral hazard -- 11. Zombie banks -- 12. The American home : safeguard of American liberties -- 13. Financial cocaine -- 14. Cover-up and bailout -- 15. Russia defaults -- 16. The committee to save the world -- 17. Dysfunctional oversight -- 18. Enron : the emperor's new clothes -- 19. Tent city -- 20. Financial magic -- 21. The subprime prisoner's dilemma -- 22. Feds tell states : shut up, sit down -- 23. A number out of the air -- 24. Fake accounts -- 25. Who should own a bank. A history of major financial crises--and how taxpayers have been left with the bill In the 1930s, battered and humbled by the Great Depression, the U.S. financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and antifraud measures, and fiduciary responsibilities. Despite subsequent periodic changes in these regulations, the underlying bargain played a major role in preserving the stability of the financial markets as well as the larger economy. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed--and government agreed. This engaging history documents the country's financial crises, focusing on those of the 1920s, the 1980s, and the 2000s, and reveals how the two more recent crises arose from the neglect of this fundamental bargain, and how taxpayers have been left with the bill. Print version record. Financial crises United States History 21st century. Financial crises United States History. Financial institutions Law and legislation United States. Bailouts (Government policy) http://id.loc.gov/authorities/subjects/sh2011003511 Renflouement (Finances) BUSINESS & ECONOMICS Finance. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh Bailouts (Government policy) fast Financial crises fast Financial institutions Law and legislation fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 2000-2099 fast History fast has work: Broken bargain (Text) https://id.oclc.org/worldcat/entity/E39PCGRWpjxYYt43Y3gydrHbJP https://id.oclc.org/worldcat/ontology/hasWork Print version: Day, Kathleen Mary, 1958- Broken bargain. New Haven : Yale University Press, [2019] 9780300223323 (DLC) 2018943787 (OCoLC)1078681512 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1948052 Volltext |
| spellingShingle | Day, Kathleen Mary, 1958- Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / Introduction -- 1. The danger and necessity of banks -- 2. A cheat upon somebody -- 3 Inc. -- 4. The Civil War tames currency -- 5. Sunshine Charlie -- 6. Radio, rayon, and retail credit -- 7. If it seems too good to be true ... -- 8 Crash and contagion -- 9. Tickled with poverty -- 10. Moral hazard -- 11. Zombie banks -- 12. The American home : safeguard of American liberties -- 13. Financial cocaine -- 14. Cover-up and bailout -- 15. Russia defaults -- 16. The committee to save the world -- 17. Dysfunctional oversight -- 18. Enron : the emperor's new clothes -- 19. Tent city -- 20. Financial magic -- 21. The subprime prisoner's dilemma -- 22. Feds tell states : shut up, sit down -- 23. A number out of the air -- 24. Fake accounts -- 25. Who should own a bank. Financial crises United States History 21st century. Financial crises United States History. Financial institutions Law and legislation United States. Bailouts (Government policy) http://id.loc.gov/authorities/subjects/sh2011003511 Renflouement (Finances) BUSINESS & ECONOMICS Finance. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh Bailouts (Government policy) fast Financial crises fast Financial institutions Law and legislation fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2011003511 |
| title | Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / |
| title_auth | Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / |
| title_exact_search | Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / |
| title_full | Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / Kathleen Day. |
| title_fullStr | Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / Kathleen Day. |
| title_full_unstemmed | Broken bargain : bankers, bailouts, and the struggle to tame Wall Street / Kathleen Day. |
| title_short | Broken bargain : |
| title_sort | broken bargain bankers bailouts and the struggle to tame wall street |
| title_sub | bankers, bailouts, and the struggle to tame Wall Street / |
| topic | Financial crises United States History 21st century. Financial crises United States History. Financial institutions Law and legislation United States. Bailouts (Government policy) http://id.loc.gov/authorities/subjects/sh2011003511 Renflouement (Finances) BUSINESS & ECONOMICS Finance. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh Bailouts (Government policy) fast Financial crises fast Financial institutions Law and legislation fast |
| topic_facet | Financial crises United States History 21st century. Financial crises United States History. Financial institutions Law and legislation United States. Bailouts (Government policy) Renflouement (Finances) BUSINESS & ECONOMICS Finance. BUSINESS & ECONOMICS Economic History. Financial crises Financial institutions Law and legislation United States History |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1948052 |
| work_keys_str_mv | AT daykathleenmary brokenbargainbankersbailoutsandthestruggletotamewallstreet |