Senseless Panic: How Washington Failed America

作者 William M. Isaac著
出版社 Wiley
出版时间 2012年7月第1版
ISBN 9781118431986
定价 178.70

内容简介

Thetruthaboutthe2008economiccrisisfromaWashingtoninsiderThe1980sopenedwiththeprimeinterestrateatanastonishing21.5percent,leadingtoasevererecessionwithunemploymentreachingnearly11percent.Depression-likeconditionsbefellthecountry,theentirethriftindustrywasbadlyinsolventandthemajormoneycenterbankswereloadedwiththirdworlddebt.Some3,000bankandthriftsfailed,includingnineofTexas'tenlargest,andContinentalIllinois,which,atthetime,wastheseventhlargestbankinthenation.Thesesevereconditionswerenotonlyhandledwithoutcreatingapanic,theeconomyactuallyembarkedonthelongestpeacetimeexpansioninhistory.InSenselessPanic:HowWashingtonFailedAmerica,WilliamM.Isaac,ChairmanoftheFederalDepositInsuranceCorporation(FDIC)duringthebankingandS&Lcrisesofthe1980s,detailswhatwasdifferentabout2008'smeltdownthatallowedthefailureofacomparativehandfulofinstitutionstonearlyshutdowntheworld'sfinancialsystem.ThebookalsotellstherousingstoryofIsaac'stimeattheFDIC.Detailsthemistakesthatledtothepanicof2008and2009Anupdatedpaperbackrevisionofthebestsellingbookonthe2008economiccrisis,includingafascinatingnewEpilogueDemystifiestheconditionsAmericafacedin2008ProvidesaroadmapforavoidingsimilarshutdownsandpanicsinthefutureIncludesaforewordbyFederalReserveChairmanPaulVolckerSenselessPanicisaprovocative,quick-paced,andthoughtfulanalysisofwhatwentwrongwiththenation'sbankingsystem,abluntindictmentofUnitedStatespolicy,andaroadmapformakingsureitdoesn'thappenagain.

作者简介

WilliamM.IsaacisSeniorManagingDirectorandGlobalHeadofFinancialInstitutionsforFTIConsultingandChairmanofFifthThirdBancorp.Botharepositionsheassumedafterthisbookwaspublishedinitshardcoveredition.HeservedasChairmanoftheFederalDepositInsuranceCorporationduringthebankingandS&Lcrisesofthe1980s,whensome3,000banksandthriftsfailed,includingnineofthetenlargestTexasbanksaswellasContinentalIllinois,thenthenation'sseventhlargestbank.IsaacwritesfrequentlyfortheWallStreetJournal,FinancialTimes,Forbes,WashingtonTimes,WashingtonPost,NewYorkTimes,AmericanBanker,andotherleadingpublications;testifiesbeforeCongress;andmakesregularappearancesonleadingradioandtelevisionprograms.

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