نجات: گزارشی از درون درباره شکست‌ها و نجات‌های بانکی

The engrossing story of how the Federal Deposit Insurance Corporation handled four bank failures. PUBCOMMENTS: During the high interest times of the 1970s and 1980s, banks and savings and loan associations were under heavy financial pressure. Hundreds of them failed. The Home Loan Bank Board permitted the savings and loan associations to treat goodwill as capital, thereby allowing them to remain open and to build up enormous losses that eventually cost the taxpayers billions of dollars. The Federal Deposit Insurance Corporation took a different approach. It closed the banks or sold them, all at no cost to taxpayers. Bailout is the engrossing story of how the FDIC handled four of these failures. Front cover 1 Contents 9 Preface 11 PART ONE. The Stage Is Set 15 I. Bailout: The Thesis Is Introduced 17 II. The Legal Framework: The Law and the Regulators Who Interpret It 26 PART TWO. The First Three Bailouts 47 III. Unity Bank: The Essentiality Doctrine Is Established 49 IV. Bank of the Commonwealth: The First Bailout of a Billion-Dollar Bank 67 V. First Pennsylvania Bank: The Prototype Is Created for Megabank Bailouts 91 PART THREE. Two Potential Bailouts That Never Happened 121 VI. Penn Square: A Small Oklahoma City Bank Triggers a Crisis 123 VII. Seafirst: The First Major Casualty from Penn Square 149 PART FOUR. Continental 161 VIII. Seven Days in May: Continenfal Is Saved from Certain Failure 163 IX. May to July: Search for Continental Solution Is Underway 179 X. The Treasury Tiger: Treasury Complicates the Rescue 196 XI. Choosing the Management: The Swearingen-Ogden Team Is Selected 214 XII. Liquidation: The Fed, the Board, and the Bad Loans 227 PART FIVE. Where Do We Go From Here? 243 XIII. Lessons Learned: History Does Tell Us Something 245 XIV. The Public Policy Debate: Serious Questions Are Raised About Bailouts 256 Appendix 279 Notes 285 Index 295 Tells The Full Story Of The Four Bank Bailouts In The United States. Irvine H. Sprague. Includes Index. Bibliography: P. [271]-280.