Senseless Panic How Washington Failed America
| Author/creator | Isaac, William M. Author |
| Other author | Meyer,Philip C. As told to |
| Other author | Volcker,Paul A. Foreword by |
| Format | Electronic |
| Edition | 2nd ed. |
| Publication Info | Wiley [Imprint] Hoboken : John Wiley & Sons, Incorporated |
| Description | 240 p. 22.600 x 015.300 cm. |
| Supplemental Content | Full text available from Ebook Central - Public Library Complete |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation The truth about the 2008 economic crisis from a Washington insiderThe 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history.In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and Ss meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the worlds financial system. The book also tells the rousing story of Isaacs time at the FDIC.Details the mistakes that led to the panic of 2008 and 2009An updated paperback revision of the bestselling book on the 2008 economic crisis, including a fascinating new EpilogueDemystifies the conditions America faced in 2008Provides a road map for avoiding similar shutdowns and panics in the futureIncludes a foreword by Federal Reserve Chairman Paul VolckerSenseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system, a blunt indictment of United States policy, and a road map for making sure it doesnt happen again. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781118431986 |
| ISBN | 1118431987 (Trade Paper) Active Record |
| Standard identifier# | 9781118431986 |
| Stock number | 00028608 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | ✔ Available |