Last resort : the financial crisis and the future of bailouts / Eric A. Posner.

By:

Posner, Eric A, 1965-

Publisher: Chicago ; London : The University of Chicago Press, 2018Description: 219 pages : illustrations ; 24 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

ISBN:

9780226420066 (cloth : alk. paper)

Subject(s):

DDC classification:

338.5/430973 23

LOC classification:

HB3722 .P666 2018

Contents:

The transformation of the financial system -- Crisis -- The lawfulness of the rescue -- The trial of AIG -- Fannie and Freddie -- The bankruptcies of General Motors and Chrysler -- Takings and government action in emergencies -- Politics and reform.

Summary: Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal angles.--Provided by publisher.

Holdings ( 1 )
Title notes ( 3 )

Holdings
Item type	Current library	Shelving location	Call number	Copy number	Status	Date due	Barcode
Book	NMC Library	Stacks	HB3722 .P666 2018 (Browse shelf(Opens below))	1	Available		33039001430536

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Previous	HB3722 .B374 2012 Guardians of finance : making regulators work for us /	HB3722 .F655 2016 Makers and takers : the rise of finance and the fall of American business /	HB3722 .K43 2015 A critical history of financial crises : why would politicians and regulators spoil financial giants? /	HB3722 .P666 2018 Last resort : the financial crisis and the future of bailouts /	HB3722 .P67 2009 A failure of capitalism : the crisis of '08 and the descent into depression /	HB3722 .R45 2009 This time is different : eight centuries of financial folly /	HB3722 .S844 2010 The Stiglitz report : reforming the international monetary and financial systems in the wake of the global crisis /	Next

Includes bibliographical references and index.

Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal angles.--Provided by publisher.