The Lost Bank
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Author | : Kirsten Grind |
Publisher | : Simon and Schuster |
Total Pages | : 401 |
Release | : 2013-07-16 |
Genre | : Business & Economics |
ISBN | : 1451617933 |
Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.
Author | : Siobhán Creaton |
Publisher | : Gill & MacMillan |
Total Pages | : 181 |
Release | : 2002 |
Genre | : Bank fraud |
ISBN | : 9780717135639 |
It was Ireland's biggest banking scandal and the fourth-biggest banking fraud in the world. John Rusnak, a lone wolf currency trader in Allfirst, a regional American bank owned by AIB, racked up losses of almost $700 million. This sort of thing was not supposed to happen in modern banking, and certainly not in a retail bank far from the world's financial centres. But it did.
Author | : Adam B. Resnick |
Publisher | : Harper Collins |
Total Pages | : 292 |
Release | : 2007-03 |
Genre | : Biography & Autobiography |
ISBN | : 0061341363 |
Presents the memoir of gambling addict Adam Resnick, a charismatic family man who won and lost millions of dollars and got involved with bookies, mobsters, life-threatening situations, and a high-rolling lifestyle before going to jail for bank fraud.
Author | : Russell Banks |
Publisher | : Knopf Canada |
Total Pages | : 434 |
Release | : 2011-10-04 |
Genre | : Fiction |
ISBN | : 0307401758 |
The author of Continental Drift, Rule of the Bone and The Sweet Hereafter returns with a very original, riveting mystery about a young outcast, and a contemporary tale of guilt and redemption. The perfect convergence of writer and subject, Lost Memory of Skin probes the zeitgeist of a troubled society where zero tolerance has erased any hope of subtlety and compassion. Suspended in a modern-day version of limbo, the young man at the centre of Russell Banks's uncompromising and morally complex new novel must create a life for himself in the wake of incarceration. Known in his new identity only as the Kid, he is shackled to a GPS monitoring device and forbidden to go near where children might gather. He takes up residence under a south Florida causeway, in a makeshift encampment with other convicted sex offenders. Barely beyond childhood himself, the Kid, despite his crime, is in many ways an innocent. Enter the Professor, a university sociologist of enormous size and intellect who finds in the Kid the perfect subject for his research. But when the Professor's past resurfaces and threatens to destroy his carefully constructed world, the balance in the two men's relationship shifts. Banks has long been one of our most acute and insightful novelists. Lost Memory of Skin is a masterful work of fiction that unfolds in language both powerful and beautifully lyrical.
Author | : Liaquat Ahamed |
Publisher | : Penguin |
Total Pages | : 584 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 9781594201820 |
Argues that the stock market crash of 1929 and subsequent Depression occurred as a result of poor decisions on the part of four central bankers who jointly attempted to reconstruct international finance by reinstating the gold standard.
Author | : Charles W. Calomiris |
Publisher | : Princeton University Press |
Total Pages | : 584 |
Release | : 2015-08-04 |
Genre | : Business & Economics |
ISBN | : 0691168350 |
Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
Author | : Masaaki Shirakawa |
Publisher | : Yale University Press |
Total Pages | : 534 |
Release | : 2021-01-01 |
Genre | : Business & Economics |
ISBN | : 0300258976 |
A rare insider's account of the inner workings of the Japanese economy, and the Bank of Japan's monetary policy, by a career central banker The Japanese economy, once the envy of the world for its dynamism and growth, lost its shine after a financial bubble burst in early 1990s and slumped further during the Global Financial Crisis in 2008. It suffered even more damage in 2011, when a severe earthquake set off the Fukushima Daiichi nuclear disaster. However, the Bank of Japan soldiered on to combat low inflation, low growth, and low interest rates, and in many ways it served as a laboratory for actions taken by central banks in other parts of the world. Masaaki Shirakawa, who led the bank as governor from 2008 to 2013, provides a rare insider's account of the workings of Japanese economic and monetary policy during this period and how it challenged mainstream economic thinking.
Author | : |
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Total Pages | : 379 |
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ISBN | : 1328810798 |
Author | : Roger Lowenstein |
Publisher | : Random House Trade Paperbacks |
Total Pages | : 290 |
Release | : 2001-10-09 |
Genre | : Business & Economics |
ISBN | : 0375758259 |
“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored. Praise for When Genius Failed “[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek “Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist
Author | : Financial Crisis Inquiry Commission |
Publisher | : Cosimo, Inc. |
Total Pages | : 692 |
Release | : 2011-05-01 |
Genre | : Political Science |
ISBN | : 1616405414 |
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.