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Bailouts public money, private profit by Robert E. Wright

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Published by Columbia University Press in New York .
Written in English

Book details:

Edition Notes

Includes bibliographical references.

Statementedited by Robert E. Wright
SeriesColumbia University Press and Social Science Research Council series on the privatization of risk, A Columbia/SSRC book, Columbia University Press and Social Science Research Council series on the privatization of risk, Columbia/SSRC book
LC ClassificationsHB3722 .B35 2010
The Physical Object
Pagination147 p. :
Number of Pages147
ID Numbers
Open LibraryOL24520193M
ISBN 100231150547, 0231150555, 0231521731
ISBN 109780231150545, 9780231150552, 9780231521734
LC Control Number2009031806

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"Bailouts: Public Money, Private Profit" finds fault, in a very calm style, with the basic concept that a government effort to save a private entity from itself is a good idea. While editor Robert E. Wright finds that some kinds of bailouts may be justified, he notes, "Taking resources from taxpayers to help stoke the fires of crisis is clearly 5/5(1).   This book confirms my worst suspicions about the Wall Street bailouts. From the bailouts with few strings attached, to the Wall Street executives' billions in bonuses, to the AIG bailout paying the banks cents on the dollar for CDS contracts worth about half that, Treasury always helped the banks at the expense of everyone else/5. “[Bailout] is an interesting behind-the-scenes account of how Washington tried to save the economy [and] an enjoyable tale of how a prosecutor of Colombian drug gangs got drafted for the thankless task of policing a $ billion bailout from a dank basement office of the Treasury.” – FortuneReleased on: Febru The arguments in the book are convincing and well thought through, and the authors also show considerable foresight considering the book was released in or something like that, well in advance of the bailout of most Wall Street banks. The only thing negative is the overly technical and difficult language in which the book is by:

  This book does an amazing job setting up the premise: That "bailouts" cause more bailouts, each larger and costing more money. Superb book. One of the best there is about the financial crisis, it can be a little "wonky" but ironically uses lots of blunt wording, humor (sometimes mildly profane and blue but hey, Ritholtz IS a Wall Street guy)/5. Bailout Nation is one of the best non fiction books I've ever read. Seriously, it takes an indepth, detail oriented look into the history of our becoming a bailout nation, the workings of the Fed, banks, everything. There's an amazing amount of stuff covered in this book, but it's superbly well by:   The bailouts started well before the coronavirus became known. And unlike in , there is little pretense that these bailouts are about saving a functioning system.   With President Trump proposing to send $1, checks to every American and industries, like the airlines, lining up for bailouts, there is a better way to arrest the : Andrew Ross Sorkin.

  The shape of bailouts is also emerging, • Louise Lucas of the FT reviews “Samsung Rising,” a new book by Geoffrey Cain about the Korean technology behemoth. Mr. Cain’s book .   Airlines ask for a bailout — and they won’t be alone. A week ago, major U.S. airlines said that they could absorb the costs of the coronavirus pandemic. Now, after travel bans around the world.   Deputy Business Editor, Winnie O’Kelley, talks with the former special inspector general about his years policing the bailout, his qualms against big banks, and his new book, “Bailout”.   Government officials took charge, using whatever tools they had at hand, and managed to wrestle the worst of the financial crisis into submission, a saga I described in my book “Bailout.