The financial crisis and the free market cure why pure capitalism is the world economy's only hope ; [how destructive banking reform is killing the economy]/ John A. Allison
Fundamental themesWhat happened? -- Government monetary policy: the Fed as the primary cause -- FDIC insurance: the background cause -- Government housing policy: the proximate cause -- The essential role of banks in a complex economy: the liquidity challenge -- The residential real-estate-market bu...
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| Format: | UnknownFormat |
| Sprache: | eng |
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New York, NY u.a.
McGraw-Hill
c 2013
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| Online Zugang: | Autorenbiografie Verlagsangaben Inhaltsverzeichnis |
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Tag hinzufügen | Zusammenfassung: | Fundamental themesWhat happened? -- Government monetary policy: the Fed as the primary cause -- FDIC insurance: the background cause -- Government housing policy: the proximate cause -- The essential role of banks in a complex economy: the liquidity challenge -- The residential real-estate-market bubble and financial-market stress -- Failure of the rating agencies: the subprime mortgage market and its impact on capital markets -- Pick-a-payment mortgages: a toxic product of FDIC insurance -- How Freddie and Fannie grew to dominate the home mortgage lending business -- Fair-value accounting and wealth destruction -- Derivatives and shadow banking: a misunderstanding -- The myth that "deregulation" caused the financial crisis -- How the SEC made matters worse -- Market corrections are necessary, but panics are destructive and avoidable -- TARP (Troubled Asset Relief Program) -- What we could have--and should have--done -- The cure for the banking industry: systematically move toward pure capitalism -- Some political cures: government policy -- Our short-term path and how to end unemployment -- The deepest cause is philosophical -- The cure is also philosophical -- How the United States could go broke -- The need for principled action. Fundamental themes -- What happened? -- Government monetary policy: the Fed as the primary cause -- FDIC insurance: the background cause -- Government housing policy: the proximate cause -- The essential role of banks in a complex economy: the liquidity challenge -- The residential real-estate-market bubble and financial-market stress -- Failure of the rating agencies: the subprime mortgage market and its impact on capital markets -- Pick-a-payment mortgages: a toxic product of FDIC insurance -- How Freddie and Fannie grew to dominate the home mortgage lending business -- Fair-value accounting and wealth destruction -- Derivatives and shadow banking: a misunderstanding -- The myth that "deregulation" caused the financial crisis -- How the SEC made matters worse -- Market corrections are necessary, but panics are destructive and avoidable -- TARP (Troubled Asset Relief Program) -- What we could have--and should have--done -- The cure for the banking industry: systematically move toward pure capitalism -- Some political cures: government policy -- Our short-term path and how to end unemployment -- The deepest cause is philosophical -- The cure is also philosophical -- How the United States could go broke -- The need for principled action. The Financial Crisis and the Free Market Cure argues against current financial regulations and proposes a cure to the economy's ills. John A. Allison presents the groundbreaking theory that capitalism is the only economic-political system that allows freedom of thought and rewards those who offer the most productive ideas, products, and services The Financial Crisis and the Free Market Cure argues against current financial regulations and proposes a cure to the economy's ills. John A. Allison presents the groundbreaking theory that capitalism is the only economic-political system that allows freedom of thought and rewards those who offer the most productive ideas, products, and services |
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| Beschreibung: | Includes bibliographical references (p. 255-266) and index |
| Beschreibung: | VIII, 278 S. 24 cm |
| ISBN: | 0071806776 0-07-180677-6 9780071806770 978-0-07-180677-0 |