The Collapse and Federal Rescue of AIG and What It Means for the U. S. Economy

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ISBN 13 : 9781693821363
Total Pages : 88 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Collapse and Federal Rescue of AIG and What It Means for the U. S. Economy by : United States House of Representatives

Download or read book The Collapse and Federal Rescue of AIG and What It Means for the U. S. Economy written by United States House of Representatives and published by . This book was released on 2019-09-18 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse and federal rescue of AIG and what it means for the U.S. economy: hearing before the Committee on Oversight and Government Reform, House of Representatives, One Hundred Eleventh Congress, first session, April 2, 2009.

The Collapse and Federal Rescue of Aig and What It Means for the U.S. Economy

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983764240
Total Pages : 88 pages
Book Rating : 4.7/5 (642 download)

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Book Synopsis The Collapse and Federal Rescue of Aig and What It Means for the U.S. Economy by : United States. Congress

Download or read book The Collapse and Federal Rescue of Aig and What It Means for the U.S. Economy written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-12 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse and federal rescue of AIG and what it means for the U.S. economy : hearing before the Committee on Oversight and Government Reform, House of Representatives, One Hundred Eleventh Congress, first session, April 2, 2009.

The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy :.

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy :. by : United States. Congress. House. Committee on Oversight and Government Reform

Download or read book The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy :. written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy

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Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy by : United States. Congress. House. Committee on Oversight and Government Reform

Download or read book The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2009 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Collapse and Federal Rescue of Aig and What It Means for the U.S. Economy - Scholar's Choice Edition

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Publisher : Scholar's Choice
ISBN 13 : 9781296013370
Total Pages : 90 pages
Book Rating : 4.0/5 (133 download)

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Book Synopsis The Collapse and Federal Rescue of Aig and What It Means for the U.S. Economy - Scholar's Choice Edition by : United States Congress House of Represen

Download or read book The Collapse and Federal Rescue of Aig and What It Means for the U.S. Economy - Scholar's Choice Edition written by United States Congress House of Represen and published by Scholar's Choice. This book was released on 2015-02-14 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The Collapse and Federal Rescue of AIG and What it Means For the U.S. Economy, Serial No. 111-10, April 2, 2009, 111-1 Hearing, *

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (528 download)

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Book Synopsis The Collapse and Federal Rescue of AIG and What it Means For the U.S. Economy, Serial No. 111-10, April 2, 2009, 111-1 Hearing, * by : United States. Congress. House. Committee on Government Reform

Download or read book The Collapse and Federal Rescue of AIG and What it Means For the U.S. Economy, Serial No. 111-10, April 2, 2009, 111-1 Hearing, * written by United States. Congress. House. Committee on Government Reform and published by . This book was released on 2009* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Financial Crisis Inquiry Report

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Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

AIG Rescue, Its Impact on Markets, and the Government's Exit Strategy

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Publisher : DIANE Publishing
ISBN 13 : 1437935869
Total Pages : 337 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis AIG Rescue, Its Impact on Markets, and the Government's Exit Strategy by : Elizabeth Warren

Download or read book AIG Rescue, Its Impact on Markets, and the Government's Exit Strategy written by Elizabeth Warren and published by DIANE Publishing. This book was released on 2010-10 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy

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Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy by : United States. Congress. House. Committee on Oversight and Government Reform

Download or read book The Collapse and Federal Rescue of AIG and what it Means for the U.S. Economy written by United States. Congress. House. Committee on Oversight and Government Reform and published by . This book was released on 2009 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Fed and Lehman Brothers

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Publisher : Cambridge University Press
ISBN 13 : 1108420966
Total Pages : 297 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis The Fed and Lehman Brothers by : Laurence M. Ball

Download or read book The Fed and Lehman Brothers written by Laurence M. Ball and published by Cambridge University Press. This book was released on 2018-06-07 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets the record straight on why the Federal Reserve failed to rescue Lehman Brothers during the financial crisis.

Crisis and Response

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Publisher :
ISBN 13 : 9780966180817
Total Pages : pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Crisis and Response by : Federal Deposit Insurance Corporation

Download or read book Crisis and Response written by Federal Deposit Insurance Corporation and published by . This book was released on 2018-03-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.

The Federal Reserve and the Financial Crisis

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Publisher : Princeton University Press
ISBN 13 : 0691158738
Total Pages : 144 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Federal Reserve and the Financial Crisis by : Ben Bernanke

Download or read book The Federal Reserve and the Financial Crisis written by Ben Bernanke and published by Princeton University Press. This book was released on 2013-02-24 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collects a series of lectures the chairman of the U.S. Federal Reserve gave in 2012 about the Federal Reserve and the 2008 financial crisis.

The Lords of Easy Money

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Publisher : Simon and Schuster
ISBN 13 : 1982166649
Total Pages : 384 pages
Book Rating : 4.9/5 (821 download)

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Book Synopsis The Lords of Easy Money by : Christopher Leonard

Download or read book The Lords of Easy Money written by Christopher Leonard and published by Simon and Schuster. This book was released on 2023-01-10 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk. If you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.

Stewards of the Market

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Publisher :
ISBN 13 : 0674980786
Total Pages : 225 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Stewards of the Market by : Mitchel Y. Abolafia

Download or read book Stewards of the Market written by Mitchel Y. Abolafia and published by . This book was released on 2020 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Mitchel Abolafia goes behind the scenes with the Federal Reserve's powerful Open Market Committee as it responded to the 2008-2009 financial crisis. Relying on verbatim transcripts of closed meetings, Abolafia shows how assumptions about self-correcting markets stymied the Fed and how its leaders came to embrace new ideas"--

Fed Up

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Publisher : Penguin
ISBN 13 : 0735211655
Total Pages : 338 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis Fed Up by : Danielle DiMartino Booth

Download or read book Fed Up written by Danielle DiMartino Booth and published by Penguin. This book was released on 2017-02-14 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quanti­tative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed docu­ments such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.”

Stress Test

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Publisher : Crown
ISBN 13 : 0804138605
Total Pages : 610 pages
Book Rating : 4.8/5 (41 download)

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Book Synopsis Stress Test by : Timothy F. Geithner

Download or read book Stress Test written by Timothy F. Geithner and published by Crown. This book was released on 2014-05-12 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller Washington Post Bestseller Los Angeles Times Bestseller Stress Test is the story of Tim Geithner’s education in financial crises. As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of the Main Street economy. This is the inside story of how a small group of policy makers—in a thick fog of uncertainty, with unimaginably high stakes—helped avoid a second depression but lost the American people doing it. Stress Test is also a valuable guide to how governments can better manage financial crises, because this one won’t be the last. Stress Test reveals a side of Secretary Geithner the public has never seen, starting with his childhood as an American abroad. He recounts his early days as a young Treasury official helping to fight the international financial crises of the 1990s, then describes what he saw, what he did, and what he missed at the New York Fed before the Wall Street boom went bust. He takes readers inside the room as the crisis began, intensified, and burned out of control, discussing the most controversial episodes of his tenures at the New York Fed and the Treasury, including the rescue of Bear Stearns; the harrowing weekend when Lehman Brothers failed; the searing crucible of the AIG rescue as well as the furor over the firm’s lavish bonuses; the battles inside the Obama administration over his widely criticized but ultimately successful plan to end the crisis; and the bracing fight for the most sweeping financial reforms in more than seventy years. Secretary Geithner also describes the aftershocks of the crisis, including the administration’s efforts to address high unemployment, a series of brutal political battles over deficits and debt, and the drama over Europe’s repeated flirtations with the economic abyss. Secretary Geithner is not a politician, but he has things to say about politics—the silliness, the nastiness, the toll it took on his family. But in the end, Stress Test is a hopeful story about public service. In this revealing memoir, Tim Geithner explains how America withstood the ultimate stress test of its political and financial systems.

The AIG Story

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118519574
Total Pages : 372 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis The AIG Story by : Maurice R. Greenberg

Download or read book The AIG Story written by Maurice R. Greenberg and published by John Wiley & Sons. This book was released on 2013-01-09 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected as one of Motley Fool’s "5 Great Books You Should Read" In The AIG Story, the company's long-term CEO Hank Greenberg (1967 to 2005) and GW professor and corporate governance expert Lawrence Cunningham chronicle the origins of the company and its relentless pioneering of open markets everywhere in the world. They regale readers with riveting vignettes of how AIG grew from a modest group of insurance enterprises in 1970 to the largest insurance company in world history. They help us understand AIG's distinctive entrepreneurial culture and how its outstanding employees worldwide helped pave the road to globalization. Corrects numerous common misconceptions about AIG that arose due to its role at the center of the financial crisis of 2008. A unique account of AIG by one of the iconic business leaders of the twentieth century who developed close relationships with many of the most important world leaders of the period and helped to open markets everywhere Offers new critical perspective on battles with N. Y. Attorney General Eliot Spitzer and the 2008 U.S. government seizure of AIG amid the financial crisis Shares considerable information not previously made public The AIG Story captures an impressive saga in business history--one of innovation, vision and leadership at a company that was nearly--destroyed with a few strokes of governmental pens. The AIG Story carries important lessons and implications for the U.S., especially its role in international affairs, its approach to business, its legal system and its handling of financial crises.