Inside the FDIC : thirty years of bank failures, bailouts, and regulatory battles / John F. Bovenzi.

Format:

Book

Author/Creator:

Bovenzi, John F., author.

Language:

English

Subjects (All):

Federal Deposit Insurance Corporation.

Deposit insurance--United States.

Deposit insurance.

United States.

Bank failures--United States.

Bank failures.

Banks and banking--Government policy--United States.

Banks and banking.

Banks and banking--Government policy.

Banks and banking--State supervision--United States.

Banks and banking--State supervision.

Physical Description:

x, 213 pages, 8 unnumbered pages of pages : illustrations (some color) ; 24 cm

Other Title:

Inside the Federal Deposit Insurance Corporation

Place of Publication:

Hoboken, New Jersey : Wiley, [2015]

Summary:

"Banks are held out as symbols of stability, safe places to put your money. Yet since the early 1980's over 3,400 banks have failed, an average of about two a week for a period exceeding thirty years. These bank failures aren't steady, regular, and easily predictable events. Periods of calm and tranquility have been followed by chaos; booms have led to busts, and peaceful complacency often has turned into sudden devastation. This book will provide a different view of the FDIC and other bank regulators. Readers will see: How an agency that had become almost invisible would emerge as a major and highly independent force impacting U.S. financial markets. How nine FDIC Chairmen, each with different strengths and weaknesses, helped shape the FDIC and the U.S. financial regulatory system. How conflicts between the FDIC and other financial regulatory agencies unfolded amid the pressures and challenges associated with bank failures and financial crises. This book dives into the chaos surrounding bank failures to show firsthand what happens to those individuals and businesses caught in the storm"-- Provided by publisher.

Contents:

Chapter 1 IndyMac 1

Chapter 2 The 1980s: Booms, Busts, and Bailouts 21

Chapter 3 Liquidation 47

Chapter 4 Credit Crunch 63

Chapter 5 Foreclosure Prevention 79

Chapter 6 "Is This the Moron Who Closed Meritor?" 95

Chapter 7 Transition and the Power of the Federal Government 113

Chapter 8 Subprime Behavior 125

Chapter 9 Leadership Matters 141

Chapter 10 Save Money, Live Better 153

Chapter 11 Too Big to Fail 169

Chapter 12 "I Thought We Were All in This Together" 187

Chapter 13 Going Forward 201.

Notes:

Includes index.

Other Format:

Online version: Bovenzi, John F. Inside the FDIC

ISBN:

9781118994085

1118994086

OCLC:

890814386

Online:

Cover image