Bankruptcy Not Bailout

Bankruptcy Not Bailout

Author: Kenneth E. Scott

Publisher: Hoover Press

Published: 2013-09-01

Total Pages: 195

ISBN-13: 0817915168

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This book introduces and analyzes a new and more predictable bankruptcy process designed specifically for large financial institutions—Chapter 14—to achieve greater financial stability and reduce the likelihood of bailouts. The contributors identify and compare the major differences in the Dodd-Frank Title II and the proposed new procedures and outline the reasons why Chapter 14 would be more effective in preventing both financial crises and bailouts.


Book Synopsis Bankruptcy Not Bailout by : Kenneth E. Scott

Download or read book Bankruptcy Not Bailout written by Kenneth E. Scott and published by Hoover Press. This book was released on 2013-09-01 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces and analyzes a new and more predictable bankruptcy process designed specifically for large financial institutions—Chapter 14—to achieve greater financial stability and reduce the likelihood of bailouts. The contributors identify and compare the major differences in the Dodd-Frank Title II and the proposed new procedures and outline the reasons why Chapter 14 would be more effective in preventing both financial crises and bailouts.

Ending Government Bailouts as We Know Them

Ending Government Bailouts as We Know Them

Author: Kenneth E. Scott

Publisher: Hoover Press

Published: 2013-09-01

Total Pages: 353

ISBN-13: 0817911235

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This book examines the dangers of continuing government bailouts and offers alternative strategies designed to produce growth based on the vigor of the private sector with inflation under control. The expert authors show that it is indeed possible to explain the causes of the crisis in understandable terms and clarify why resolving the bailout problem is essential to preventing future crises.


Book Synopsis Ending Government Bailouts as We Know Them by : Kenneth E. Scott

Download or read book Ending Government Bailouts as We Know Them written by Kenneth E. Scott and published by Hoover Press. This book was released on 2013-09-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the dangers of continuing government bailouts and offers alternative strategies designed to produce growth based on the vigor of the private sector with inflation under control. The expert authors show that it is indeed possible to explain the causes of the crisis in understandable terms and clarify why resolving the bailout problem is essential to preventing future crises.

Too Big to Fail

Too Big to Fail

Author: Benton E. Gup

Publisher: Bloomsbury Publishing USA

Published: 2003-12-30

Total Pages: 368

ISBN-13: 0313017425

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Usually associated with large bank failures, the phrase too big to fail, which is a particular form of government bailout, actually applies to a wide range of industries, as this volume makes clear. Examples range from Chrysler to Lockheed Aircraft and from New York City to Penn Central Railroad. Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. Government bailouts are not new, nor are they limited to the United States. This book presents the views of academics, practitioners, and regulators from around the world (e.g., Australia, Hungary, Japan, Europe, and Latin America) on the implications and consequences of government bailouts.


Book Synopsis Too Big to Fail by : Benton E. Gup

Download or read book Too Big to Fail written by Benton E. Gup and published by Bloomsbury Publishing USA. This book was released on 2003-12-30 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Usually associated with large bank failures, the phrase too big to fail, which is a particular form of government bailout, actually applies to a wide range of industries, as this volume makes clear. Examples range from Chrysler to Lockheed Aircraft and from New York City to Penn Central Railroad. Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. Government bailouts are not new, nor are they limited to the United States. This book presents the views of academics, practitioners, and regulators from around the world (e.g., Australia, Hungary, Japan, Europe, and Latin America) on the implications and consequences of government bailouts.

Crash Course

Crash Course

Author: Paul Ingrassia

Publisher: Random House Trade Paperbacks

Published: 2011-01-11

Total Pages: 333

ISBN-13: 0812980751

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“A definitive account . . . It’s hard to imagine anyone better than Paul Ingrassia to ‘ride shotgun’ on a journey through the sometimes triumphant, often turbulent, history of U.S. automaking. . . . [A] wealth of amusing, astonishing and enlightening nuggets.”—Pittsburgh Tribune-Review This is the epic saga of the American automobile industry’s rise and demise, a compelling story of hubris, missed opportunities, and self-inflicted wounds that culminates with the president of the United States ushering two of Detroit’s Big Three car companies—once proud symbols of prosperity—through bankruptcy. With unprecedented access, Pulitzer Prize winner Paul Ingrassia takes us from factory floors to small-town dealerships to Detroit’s boardrooms to the White House. Ingrassia answers the big questions: Was Detroit’s self-destruction inevitable? Why did Japanese automakers manage American workers better than the American companies themselves did? Complete with a new Afterword providing fresh insights into the continuing upheaval in the auto industry—the travails of Toyota, the revolving-door management and IPO at General Motors, the unexpected progress at Chrysler, and the Obama administration’s stake in Detroit’s recovery—Crash Course addresses a critical question: America bailed out GM, but who will bail out America? With an updated Afterword by the author Praise for Crash Course “In order to understand just how much of a mess it was—not to mention how it got that way and how, if at all, it can be cleaned up—you really need to read Crash Course.”—The Washinton Post “Ingrassia tells Detroit’s story with economy, vigour and restrained fury.”—The Economist “A delightful mix of history and first-person reporting . . . Employing superb storytelling skills, Ingrassia explains in head-shaking detail the elements of a wholly avoidable collision.”—Kirkus Reviews (starred review)


Book Synopsis Crash Course by : Paul Ingrassia

Download or read book Crash Course written by Paul Ingrassia and published by Random House Trade Paperbacks. This book was released on 2011-01-11 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A definitive account . . . It’s hard to imagine anyone better than Paul Ingrassia to ‘ride shotgun’ on a journey through the sometimes triumphant, often turbulent, history of U.S. automaking. . . . [A] wealth of amusing, astonishing and enlightening nuggets.”—Pittsburgh Tribune-Review This is the epic saga of the American automobile industry’s rise and demise, a compelling story of hubris, missed opportunities, and self-inflicted wounds that culminates with the president of the United States ushering two of Detroit’s Big Three car companies—once proud symbols of prosperity—through bankruptcy. With unprecedented access, Pulitzer Prize winner Paul Ingrassia takes us from factory floors to small-town dealerships to Detroit’s boardrooms to the White House. Ingrassia answers the big questions: Was Detroit’s self-destruction inevitable? Why did Japanese automakers manage American workers better than the American companies themselves did? Complete with a new Afterword providing fresh insights into the continuing upheaval in the auto industry—the travails of Toyota, the revolving-door management and IPO at General Motors, the unexpected progress at Chrysler, and the Obama administration’s stake in Detroit’s recovery—Crash Course addresses a critical question: America bailed out GM, but who will bail out America? With an updated Afterword by the author Praise for Crash Course “In order to understand just how much of a mess it was—not to mention how it got that way and how, if at all, it can be cleaned up—you really need to read Crash Course.”—The Washinton Post “Ingrassia tells Detroit’s story with economy, vigour and restrained fury.”—The Economist “A delightful mix of history and first-person reporting . . . Employing superb storytelling skills, Ingrassia explains in head-shaking detail the elements of a wholly avoidable collision.”—Kirkus Reviews (starred review)

Bailout

Bailout

Author: John Waggoner

Publisher: John Wiley & Sons

Published: 2008-10-03

Total Pages: 166

ISBN-13: 0470443421

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In Bailout, John Waggoner answers the essential questions surrounding recent market catastrophes—from the failure of Bear Stearns to the credit crisis—and reveals how you can protect your portfolio during these turbulent times. Waggoner offers a wide range of strategies to help your portfolio weather this storm, including rebalancing and using foreign currencies, and discusses how Treasury bonds, gold, commodities, and real estate can solidify your financial standing. With the expert advice found here, you’ll quickly discover what it takes to achieve safety and success in today’s volatile market.


Book Synopsis Bailout by : John Waggoner

Download or read book Bailout written by John Waggoner and published by John Wiley & Sons. This book was released on 2008-10-03 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Bailout, John Waggoner answers the essential questions surrounding recent market catastrophes—from the failure of Bear Stearns to the credit crisis—and reveals how you can protect your portfolio during these turbulent times. Waggoner offers a wide range of strategies to help your portfolio weather this storm, including rebalancing and using foreign currencies, and discusses how Treasury bonds, gold, commodities, and real estate can solidify your financial standing. With the expert advice found here, you’ll quickly discover what it takes to achieve safety and success in today’s volatile market.

Banking Bailout Law

Banking Bailout Law

Author: Virág Blazsek

Publisher: Routledge

Published: 2020-10-27

Total Pages: 257

ISBN-13: 1000208346

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Setting forth the building blocks of banking bailout law, this book reconstructs a regulatory framework that might better serve countries during future crisis situations. It builds upon recent, carefully selected case studies from the US, the EU, the UK, Spain and Hungary to answer the questions of what went wrong with the bank bailouts in the EU, why the US performed better in terms of crisis management, and how bailouts could be regulated and conducted more successfully in the future. Employing a comparative methodology, it examines the different bailout and bank resolution techniques and tools and identifies the pros and cons of the different legal and regulatory options and their underlying principles. In the post-2008 legal-regulatory architecture financial institution specific insolvency proceedings were further developed or implemented on both sides of the Atlantic. Ten years after the most recent financial crisis, there is sufficient empirical evidence to evaluate the outcomes of the bank bailouts in the US and the EU and to examine a number of cases under the EU’s new bank resolution regime. This book will be of interest of anyone in the field of finance, banking, central banking, monetary policy and insolvency law.


Book Synopsis Banking Bailout Law by : Virág Blazsek

Download or read book Banking Bailout Law written by Virág Blazsek and published by Routledge. This book was released on 2020-10-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Setting forth the building blocks of banking bailout law, this book reconstructs a regulatory framework that might better serve countries during future crisis situations. It builds upon recent, carefully selected case studies from the US, the EU, the UK, Spain and Hungary to answer the questions of what went wrong with the bank bailouts in the EU, why the US performed better in terms of crisis management, and how bailouts could be regulated and conducted more successfully in the future. Employing a comparative methodology, it examines the different bailout and bank resolution techniques and tools and identifies the pros and cons of the different legal and regulatory options and their underlying principles. In the post-2008 legal-regulatory architecture financial institution specific insolvency proceedings were further developed or implemented on both sides of the Atlantic. Ten years after the most recent financial crisis, there is sufficient empirical evidence to evaluate the outcomes of the bank bailouts in the US and the EU and to examine a number of cases under the EU’s new bank resolution regime. This book will be of interest of anyone in the field of finance, banking, central banking, monetary policy and insolvency law.

Bailout? Baloney!

Bailout? Baloney!

Author: Lou Lawrence

Publisher: CreateSpace

Published: 2014-10-08

Total Pages: 250

ISBN-13: 9781500636562

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BAILOUT? BALONEY! disputes the government claim of a bailout of the auto industry. Congress voted 52-35 "against" a bailout, and the Obama-Rattner study group actually drove Chrysler and General Motors into bankruptcy. Ford avoided bankruptcy by using a $23 billion bank loan for working capital. The loan was obtained in 2006 for restructuring and saved Ford during the recession. The 2008 recession caused auto sales to drop 40% and Detroit fell into a depression. The government caused the 2008 recession with the attempt to give home loans to everybody even though many could not afford a home. Legislation eliminated down payments and income verification for home mortgages, and many mortgages went into bankruptcy. Wall Street was near bankruptcy when its toxic mortgage bonds failed. When Lehman Brothers went bankrupt, the 2008 Great Housing Recession was underway. The government attempted to stem the recession by creating a $700 billion TARP fund for troubled assets. Financial institutions were bailed out with $600 billion, but the auto companies were denied a $35 billion loan. After Congress voted against a bailout, President Obama was the last resort. Instead of granting TARP funds to save Chrysler and GM, the president started a task force to further study the auto problem. The five-month Rattner study resulted in the bankruptcy of Chrysler and GM. There was no bailout, only bankruptcy. The government claim of a bailout is a complete falsehood, and how it can claim a bailout is a Washington spin on bankruptcy.


Book Synopsis Bailout? Baloney! by : Lou Lawrence

Download or read book Bailout? Baloney! written by Lou Lawrence and published by CreateSpace. This book was released on 2014-10-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: BAILOUT? BALONEY! disputes the government claim of a bailout of the auto industry. Congress voted 52-35 "against" a bailout, and the Obama-Rattner study group actually drove Chrysler and General Motors into bankruptcy. Ford avoided bankruptcy by using a $23 billion bank loan for working capital. The loan was obtained in 2006 for restructuring and saved Ford during the recession. The 2008 recession caused auto sales to drop 40% and Detroit fell into a depression. The government caused the 2008 recession with the attempt to give home loans to everybody even though many could not afford a home. Legislation eliminated down payments and income verification for home mortgages, and many mortgages went into bankruptcy. Wall Street was near bankruptcy when its toxic mortgage bonds failed. When Lehman Brothers went bankrupt, the 2008 Great Housing Recession was underway. The government attempted to stem the recession by creating a $700 billion TARP fund for troubled assets. Financial institutions were bailed out with $600 billion, but the auto companies were denied a $35 billion loan. After Congress voted against a bailout, President Obama was the last resort. Instead of granting TARP funds to save Chrysler and GM, the president started a task force to further study the auto problem. The five-month Rattner study resulted in the bankruptcy of Chrysler and GM. There was no bailout, only bankruptcy. The government claim of a bailout is a complete falsehood, and how it can claim a bailout is a Washington spin on bankruptcy.

The Fed and Lehman Brothers

The Fed and Lehman Brothers

Author: Laurence M. Ball

Publisher: Cambridge University Press

Published: 2018-06-07

Total Pages: 297

ISBN-13: 1108420966

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This book sets the record straight on why the Federal Reserve failed to rescue Lehman Brothers during the financial crisis.


Book Synopsis The Fed and Lehman Brothers by : Laurence M. Ball

Download or read book The Fed and Lehman Brothers written by Laurence M. Ball and published by Cambridge University Press. This book was released on 2018-06-07 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets the record straight on why the Federal Reserve failed to rescue Lehman Brothers during the financial crisis.

Debt's Dominion

Debt's Dominion

Author: David A. Skeel Jr.

Publisher: Princeton University Press

Published: 2014-04-24

Total Pages: 296

ISBN-13: 1400828503

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Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Masterfully probing the political dynamics behind this question, David Skeel here provides the first complete account of the remarkable journey American bankruptcy law has taken from its beginnings in 1800, when Congress lifted the country's first bankruptcy code right out of English law, to the present day. Skeel shows that the confluence of three forces that emerged over many years--an organized creditor lobby, pro-debtor ideological currents, and an increasingly powerful bankruptcy bar--explains the distinctive contours of American bankruptcy law. Their interplay, he argues in clear, inviting prose, has seen efforts to legislate bankruptcy become a compelling battle royale between bankers and lawyers--one in which the bankers recently seem to have gained the upper hand. Skeel demonstrates, for example, that a fiercely divided bankruptcy commission and the 1994 Republican takeover of Congress have yielded the recent, ideologically charged battles over consumer bankruptcy. The uniqueness of American bankruptcy has often been noted, but it has never been explained. As different as twenty-first century America is from the horse-and-buggy era origins of our bankruptcy laws, Skeel shows that the same political factors continue to shape our unique response to financial distress.


Book Synopsis Debt's Dominion by : David A. Skeel Jr.

Download or read book Debt's Dominion written by David A. Skeel Jr. and published by Princeton University Press. This book was released on 2014-04-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Masterfully probing the political dynamics behind this question, David Skeel here provides the first complete account of the remarkable journey American bankruptcy law has taken from its beginnings in 1800, when Congress lifted the country's first bankruptcy code right out of English law, to the present day. Skeel shows that the confluence of three forces that emerged over many years--an organized creditor lobby, pro-debtor ideological currents, and an increasingly powerful bankruptcy bar--explains the distinctive contours of American bankruptcy law. Their interplay, he argues in clear, inviting prose, has seen efforts to legislate bankruptcy become a compelling battle royale between bankers and lawyers--one in which the bankers recently seem to have gained the upper hand. Skeel demonstrates, for example, that a fiercely divided bankruptcy commission and the 1994 Republican takeover of Congress have yielded the recent, ideologically charged battles over consumer bankruptcy. The uniqueness of American bankruptcy has often been noted, but it has never been explained. As different as twenty-first century America is from the horse-and-buggy era origins of our bankruptcy laws, Skeel shows that the same political factors continue to shape our unique response to financial distress.

From Bail-out to Bail-in

From Bail-out to Bail-in

Author: Virginia Skidmore Rutledge

Publisher: International Monetary Fund

Published: 2012-04-24

Total Pages: 27

ISBN-13: 1475503903

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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.


Book Synopsis From Bail-out to Bail-in by : Virginia Skidmore Rutledge

Download or read book From Bail-out to Bail-in written by Virginia Skidmore Rutledge and published by International Monetary Fund. This book was released on 2012-04-24 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.