Lasting Implications of the General Motors Bailout

Lasting Implications of the General Motors Bailout
Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending
Publisher:
Total Pages: 112
Release: 2011
Genre: Business & Economics
ISBN:

Managing the American Economy, from Roosevelt to Reagan

Managing the American Economy, from Roosevelt to Reagan
Author: Nicolas Spulber
Publisher: Indiana University Press
Total Pages: 206
Release: 1989
Genre: Business & Economics
ISBN: 9780253336699

Describes and evaluates the views of theorists and practitioners directly involved with four major economic events in American history.

Politics of Bureaucracy

Politics of Bureaucracy
Author: B. Guy Peters
Publisher: Routledge
Total Pages: 401
Release: 2002-09-11
Genre: Political Science
ISBN: 1134648170

Routledge is proud to publish the fifth edition of this comprehensive, comparative exploration of the political and policy-making roles of public bureaucracies in nations around the world. Written by a leading authority in the field, it offers an extensive, well documented, comparative analysis stressing the effects of politics and organised interests on bureaucracy. New to the fifth edition: *a new chapter on administrative reform *more material on administration in developing countries *more coverage of the European Union and more discussion of international bureaucracies *revision and up-dating to take into account the wealth of new literature that has emerged in recent years.

GAO Report

GAO Report
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on General Oversight and Investigations
Publisher:
Total Pages: 600
Release: 1990
Genre: Bank holding companies
ISBN:

Congressional Record

Congressional Record
Author: United States. Congress
Publisher:
Total Pages: 788
Release: 2008
Genre: Law
ISBN:

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Bailout

Bailout
Author: Neil Barofsky
Publisher: Simon and Schuster
Total Pages: 295
Release: 2012-07-24
Genre: Political Science
ISBN: 1451684940

In this "jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts" (USA TODAY), a former federal prosecutor offers behind-the-scenes proof of the corrupt ways Washington officials serve the interests of Wall Street. At the height of the financial crisis in 2008, Neil Barofsky gave up his job as a prosecutor in the esteemed US Attorney’s Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money. From the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts. In this bracing, page-turning account Barofsky offers an insider’s perspective on the mishandling of the $700 billion TARP (Troubled Asset Relief Program) bailout fund. With vivid behind-the-scenes detail, he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader public—and at the expense of effective financial reform. Bailout is a riveting account of Barovsky’s plunge into the political meat grinder of Washington, as well as a vital revelation of just how captured by Wall Street our political system is and why the too-big-to-fail banks have become even bigger and more dangerous in the wake of the crisis.

Hallucinating Stewards

Hallucinating Stewards
Author: Fazle Chowdhury
Publisher: Alpha Book Publisher
Total Pages: 194
Release:
Genre: Business & Economics
ISBN:

There are some similarities between the 2023 state of the US economy and the 2008 financial crisis related to inflation and supply chain disruptions, however, the underlying causes of the two situations are different. The concise but scoped analysis of major economies related to the present circumstances in the US banking crisis comes at a time when the US dollar is facing competition from China and others. The US government and the Federal Reserve have taken steps to address the economic impact of the COVID-19 pandemic and curbing interest rates to battle inflation. Such measures, however, have placed several US banks in a tough position. On 15th March 2023, The Silicon Valley Bank (SVB) was closed down by US regulators. This was followed by its former parent company SVB Financial Group filing for Chapter 11 bankruptcy (the filing did not include its remaining subsidiaries). A second, New York-based Signature Bank was forced to shut its doors. It was later bought by New York Community Bancorp (Flagstar Bank). A third, Silvergate bank had previously announced on March 8 they would liquidate due to their failures in their cryptocurrency portfolios.