Too Big to Fail

Too Big to Fail
Author: Andrew Ross Sorkin
Publsiher: Penguin
Total Pages: 640
Release: 2010-09-07
ISBN: 1101443243
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Too Big to Fail Book Excerpt:

Brand New for 2018: an updated edition featuring a new afterword to mark the 10th anniversary of the financial crisis The brilliantly reported New York Times bestseller that goes behind the scenes of the financial crisis on Wall Street and in Washington to give the definitive account of the crisis, the basis for the HBO film “Too Big To Fail is too good to put down. . . . It is the story of the actors in the most extraordinary financial spectacle in 80 years, and it is told brilliantly.” —The Economist In one of the most gripping financial narratives in decades, Andrew Ross Sorkin—a New York Times columnist and one of the country's most respected financial reporters—delivers the first definitive blow-by-blow account of the epochal economic crisis that brought the world to the brink. Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world's economy.

Too Big to Fail

Too Big to Fail
Author: Gary H. Stern,Ron J. Feldman
Publsiher: Brookings Institution Press
Total Pages: 230
Release: 2004-02-29
ISBN: 0815796366
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Too Big to Fail Book Excerpt:

The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.

Too Big to Fail

Too Big to Fail
Author: Financial Management Association International. Meeting
Publsiher: Greenwood Publishing Group
Total Pages: 376
Release: 2004
ISBN: 9781567206210
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Too Big to Fail Book Excerpt:

Explores the reasons why some companies or organizations are considered "too big to fail" by their governments, and why others are not.

Why Too Big to Fail

Why Too Big to Fail
Author: Kaye Bonnick
Publsiher: AuthorHouse
Total Pages: 142
Release: 2010-01-22
ISBN: 1449054374
Category: Education
Language: EN, FR, DE, ES & NL

Why Too Big to Fail Book Excerpt:

By November 2009, 120 banks had failed since the start of the year, unemployment was at 10.2%, a twenty six year high, and the government had invested billions of tax dollars in failing financial institutions that were deemed Too Big to Fail. WHY? What made them too big to fail and why did the government bail them out? Was this a necessary evil or just plain evil? This book takes an important look back at the amazing legislative and financial events that created these monstrosities and lead to the financial crisis of 2008/09.

Too Big to Fail

Too Big to Fail
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Commercial and Administrative Law
Publsiher: Unknown
Total Pages: 340
Release: 2010
ISBN: 1928374650XXX
Category: Bankruptcy
Language: EN, FR, DE, ES & NL

Too Big to Fail Book Excerpt:

Too Big to Fail in Banking

Too Big to Fail in Banking
Author: Tom Filip Lesche
Publsiher: Springer Nature
Total Pages: 248
Release: 2021-06-28
ISBN: 3658341823
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Too Big to Fail in Banking Book Excerpt:

This book provides a comprehensive summary of the latest academic research on the important topic of too-big-to-fail (TBTF) in banking. It explains TBTF from various perspectives including the range of regulatory measures proposed to counter TBTF, most notably the globally accepted regulation of global-systemically important banks (G-SIBs) and its main tool of capital surcharges. The empirical analysis quantifies the shareholder value of the G-SIB attribution by using quarterly observations from more than 750 global banks between Q2 2008 and Q3 2015. The main finding is that G-SIBs are confronted with a substantial relative valuation discount compared to non-G-SIBs. From the end of 2011 until the end of 2015, a stable discount of 0.6x–0.8x price-to-tangible common equity (P/TCE) is statistically highly significant. The results suggest that the G-SIB designation effect, which positively impacts G-SIBs’ share prices because of funding benefits from IGGs, is dominated by the regulatory G-SIB burden effect, which negatively impacts G-SIBs’ share prices because of lower profitability due to capital surcharges and other regulatory requirements placed on G-SIBs. The findings re-open the debate about whether breaking up G-SIBs would unlock shareholder value and whether G-SIBs are regulated efficiently.

Too Big to Fail

Too Big to Fail
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Courts and Competition Policy
Publsiher: Unknown
Total Pages: 87
Release: 2009
ISBN: 1928374650XXX
Category: Antitrust law
Language: EN, FR, DE, ES & NL

Too Big to Fail Book Excerpt:

Has Dodd Frank Ended Too Big to Fail

Has Dodd Frank Ended Too Big to Fail
Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
Publsiher: Unknown
Total Pages: 99
Release: 2011
ISBN: 1928374650XXX
Category: Bank failures
Language: EN, FR, DE, ES & NL

Has Dodd Frank Ended Too Big to Fail Book Excerpt:

Who is Too Big to Fail

Who is Too Big to Fail
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations
Publsiher: Unknown
Total Pages: 71
Release: 2013
ISBN: 1928374650XXX
Category: Bailouts (Government policy)
Language: EN, FR, DE, ES & NL

Who is Too Big to Fail Book Excerpt:

Too Big to Fail Or Too Big to Save

Too Big to Fail Or Too Big to Save
Author: United States. Congress. Joint Economic Committee
Publsiher: Unknown
Total Pages: 82
Release: 2009
ISBN: 1928374650XXX
Category: Bank failures
Language: EN, FR, DE, ES & NL

Too Big to Fail Or Too Big to Save Book Excerpt:

Economic Implications of the too Big to Fail Policy

Economic Implications of the  too Big to Fail  Policy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization
Publsiher: Unknown
Total Pages: 256
Release: 1991
ISBN: 1928374650XXX
Category: Bank failures
Language: EN, FR, DE, ES & NL

Economic Implications of the too Big to Fail Policy Book Excerpt:

Distributed to some depository libraries in microfiche.

The Myth of Too Big To Fail

The Myth of Too Big To Fail
Author: I. Moosa
Publsiher: Springer
Total Pages: 223
Release: 2010-10-27
ISBN: 0230295053
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Myth of Too Big To Fail Book Excerpt:

The book presents arguments against the taxpayers'-funded bailing out of failed financial institutions, and puts forward suggestions to circumvent the TBTF problem, including some preventive measures. It ultimately argues that a failing financial institution should be allowed to fail without fearing an apocalyptic outcome.

Too Big to Fail III Structural Reform Proposals

Too Big to Fail III  Structural Reform Proposals
Author: Andreas Dombret,Patrick S. Kenadjian
Publsiher: Walter de Gruyter GmbH & Co KG
Total Pages: 176
Release: 2015-03-10
ISBN: 3110421232
Category: Law
Language: EN, FR, DE, ES & NL

Too Big to Fail III Structural Reform Proposals Book Excerpt:

The volume is a collection of articles based on presentations given at a conference titled “Too Big to Fail III: Structural Reform Proposals – Should We Break Up the Banks ?” hosted by the Institute for Law and Finance on January 21, 2014 – the third session of a series on the topic “too big to fail” with the previous conferences “Too Big to Fail – Brauchen wir ein Sonderinsolvenzrecht für Banken” and “The Bank Recovery and Resolution Directive”.

Regulation and Resolving Institutions Considered too Big to Fail

Regulation and Resolving Institutions Considered  too Big to Fail
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publsiher: Unknown
Total Pages: 117
Release: 2010
ISBN: 1928374650XXX
Category: Bank failures
Language: EN, FR, DE, ES & NL

Regulation and Resolving Institutions Considered too Big to Fail Book Excerpt:

Social Value Of The Financial Sector The Too Big To Fail Or Just Too Big

Social Value Of The Financial Sector  The  Too Big To Fail Or Just Too Big
Author: Viral V Acharya,Thorsten Beck,Douglas D Evanoff,George G Kaufman,Richard Portes
Publsiher: World Scientific
Total Pages: 536
Release: 2013-10-18
ISBN: 9814520306
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Social Value Of The Financial Sector The Too Big To Fail Or Just Too Big Book Excerpt:

As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the “Great Depression.” More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a detrimental role.This book is a collection of papers presented at the conference held at the Federal Reserve Bank of Chicago, in November 2012 that examined the social value of the financial sector as currently structured. Issues evaluated include what are the perceived benefits and costs of the current financial system? How valuable have industry innovations been for society? Should regulation be used to “move” the industry in a direction thought to be more valuable for society? Should “big” banks be broken up? What are the welfare implications of the current industry structure? In the book, leading industry scholars debate these issues with a goal of influencing public policy toward the industry.

Nothing Is Too Big to Fail

Nothing Is Too Big to Fail
Author: Kerry Killinger,Linda Killinger
Publsiher: Rosetta Books
Total Pages: 568
Release: 2021-03-23
ISBN: 0795353030
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Nothing Is Too Big to Fail Book Excerpt:

No institution, government, or country is “too big to fail.” A behind-the-scenes account of what led to the 2008 crisis—and may soon lead to a bigger one. Written by two bank executives with firsthand experience of several financial crises, Nothing is Too Big to Fail holds a stiff warning about the future of finance and social justice—revealing how the US government’s fiscal and monetary policies are creating asset and debt bubbles that could burst at any time. The COVID-19 pandemic is just one of many risks that could derail our highly leveraged and fragile economic system. The authors also tell how government actions and an unregulated shadow banking system are leading to inequitable distribution of wealth, destroying the middle class, reducing trust in government, and accelerating racial injustice. No institution, government, or country is “too big to fail.” This book offers lessons learned from past crises and recommended actions for business and government leaders to take today to return our economic system and our democracy to a safer trajectory.

Does the Dodd Frank Act End too Big to Fail

Does the Dodd Frank Act End  too Big to Fail
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publsiher: Unknown
Total Pages: 103
Release: 2011
ISBN: 1928374650XXX
Category: Bank failures
Language: EN, FR, DE, ES & NL

Does the Dodd Frank Act End too Big to Fail Book Excerpt:

Quicklet On Too Big To Fail By Andrew Ross Sorkin

Quicklet On Too Big To Fail By Andrew Ross Sorkin
Author: Noelle Duncan
Publsiher: Hyperink Inc
Total Pages: 68
Release: 2011-12-07
ISBN: 1614641102
Category: Study Aids
Language: EN, FR, DE, ES & NL

Quicklet On Too Big To Fail By Andrew Ross Sorkin Book Excerpt:

Quicklets: Learn More. Read Less. Andrew Ross Sorkin is an award-winning journalist and New York Times best-selling author. He has been a regular contributor to The New York Times since he was a student at Cornell University. He is also a co-anchor of CNBC's Squawk Box, a business news program and founder of DealBook, a news service that reports on daily deal-making on Wall Street. Sorkin is a recipient of the Gerald Loeb award for business journalism in Too Big to Fail and a Society of American Business Editors and Writers award for breaking news. Sorkin wrote Too Big to Fail to provide a detailed, moment-by-moment account of the 2008 financial crisis. He used interviews with over two hundred individuals involved in the financial meltdown to piece together a blow-by-blow narrative of events. Too Big to Fail recounts the story of the unbelievable events of the 2008 financial crisis, Lehman Brothers' historic collapse, the Bank of America-Merrill Lynch merger, the nationalization of AIG, and Morgan Stanley and Goldman Sachs' transformations into highly regulated banks. Beyond the story of failed financial empires, Too Big to Fail is a human drama, telling stories of the greed, hubris and perseverance of some of the biggest players on Wall Street and in the U.S. Government. Too Big to Fail won a Gerald Loeb award and remained on The New York Times Best Seller List list for six months. Reuters dubbed it “The Book of the Crisis. Too Big to Fail received glowing reviews in top publications such as the Bloomberg News Review, The Economist, and The Financial Times. Sorkin continues to be seen as a top authority on all things Wall Street. BOOK EXCERPT FROM THE ANDREW ROSS SORKIN QUICKLET: TOO BIG TO FAIL The chapter opens with Tim Geithner, President of the New York Federal Reserve, arriving in Washington, DC. Only a few weeks earlier, Geithner had co-facilitated the $29 billion government backstop that helped persuade Jamie Dimon to take over Bear Stearns. His decision to back Bear Stearns was unpopular with many in the private and public sectors. Geithner also struggled with being unpopular on Wall Street, as he was regarded as young and inexperienced. Unlike his predecessors, he wasn't a former Wall Street banker or an investor, but a career technocrat. Despite Geithner's "greenness", he was one of the few who was skeptical of Wall Street's credit boom before it collapsed. Geithner and Robert Steel, Undersecretary for Domestic Finance for the Treasury, attend a meeting with the Senate Banking Committee. Steel dodges questions regarding the government's role in the Bear Stearns fire sale deal. Members of the Senate express their discontent with the government-assisted takeover and question whether this might set a dangerous precedent for other companies on Wall Street. Steel and Geithner defend their actions and explain that the deal was done for the good of the country and the global financial system, not for private gain. The details of the Bear Stearns deal are revealed in this chapter. Weeks earlier, Dimon received a call from Alan Schwartz, the CEO of Bear Stearns, asking for help – he needed $30 billion to survive. Unable to produce the amount on short notice, Dimon called Geithner, who was able to grant JP Morgan a loan over the weekend. Geithner pressured Dimon to take over Bear Stearns in order to stabilize the financial market. ...to be continued! Quicklets: Learn More. Read Less.

The Social Value of the Financial Sector

The Social Value of the Financial Sector
Author: Viral V. Acharya,Thorsten Beck
Publsiher: World Scientific
Total Pages: 536
Release: 2014
ISBN: 9814520292
Category: Banks and banking
Language: EN, FR, DE, ES & NL

The Social Value of the Financial Sector Book Excerpt:

As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the Great Depression. More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a detrimental role. This book is a collection of papers presented at the conference held at the Federal Reserve Bank of Chicago, in November 2012 that examined the social value of the financial sector as currently structured. Issues evaluated include what are the perceived benefits and costs of the current financial system How valuable have industry innovations been for society Should regulation be used to move the industry in a direction thought to be more valuable for society Should big banks be broken up What are the welfare implications of the current industry structure In the book, leading industry scholars debate these issues with a goal of influencing public policy toward the industry.

Guide to Ross Sorkin s Too Big to Fail by Instaread

Guide to Ross Sorkin   s Too Big to Fail by Instaread
Author: Instaread
Publsiher: Instaread
Total Pages: 20
Release: 2017-04-22
ISBN: 1683787250
Category: Study Aids
Language: EN, FR, DE, ES & NL

Guide to Ross Sorkin s Too Big to Fail by Instaread Book Excerpt: