Download or read book The Thrift Debacle written by Ned Eichler and published by Univ of California Press. This book was released on 2023-04-28 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1989.
Download or read book Thrifts Under Siege written by R. Dan Brumbaugh and published by . This book was released on 1988 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crisis Resolution in the Thrift Industry written by Roger C. Kormendi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: On February 6, 1989, the Federal Home Loan Bank Board contacted Mid America Institute to inquire whether it would undertake an independent, academically oriented analysis of the insolvency resolution crisis in the thrift industry. The Senate Banking Committee, during the course of hearings on the thrift crisis, had suggested to the Bank Board tile desirability of an independent assessment of Bank: Board and FSLIC resolution methodology, specifically as it related to the controversy surrounding the December deals, the Southwest Plan, and the possibility that tax considerations were driving certain deals. The Bank Board had already initiated studies from industry-oriented perspectives. Therefore, it felt that an academic perspective would provide both a valuable addition to the process, and by the nature of academia, perhaps the best prospect of a credible and independent viewpoint. The Bank Board was prepared to give an appropriately structured Task Force virtually unlimited access to all personnel, documents and resources that the Task Force felt necessary to come to an uncompromising assessment. The only significant constraint imposed was that a report had to be available prior to the start of the next round of Senate Banking Committee hearings on March 1, 1989. The Task Force would be given complete discretion as to the scope and coverage of the report, but it was requested that the topic of the December deals, particularly the associated tax considerations, be a significant part of the report.
Download or read book The S L Debacle written by Lawrence J. White and published by Oxford University Press, USA. This book was released on 1991 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This is a very insightful book by an author who has that rare blend of analysis that can come only form both an academic and a regulator. Regardless of one's views, this book should be read in order to understand fully the evolving problems in the thrift industry.' -- Henry Kaufman
Download or read book Resolution Trust Corporation Whistleblowers written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1994 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Politics and Economics in the Eighties written by Alberto Alesina and published by University of Chicago Press. This book was released on 2008-04-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the federal budget deficit a result of congressional deadlocks, gross miscalculation of economic trends, or a Republican strategy to tie the budgetary hands of future Democratic leadership? To what extend does the partisan split between Congress and the executive branch constrain the president's agenda? In this volume, political scientists and economists tackle these and many other contentious issues, offering a variety of analytical perspectives. Certain to provoke controversy, this interdisciplinary volume brings together policy experts to provide a coherent analysis of the most important economic policy changes of the 1980s. Through a detailed examination of voting patterns, monetary and fiscal policies, welfare spending, tax reform, minimum wage legislation, the savings and loan collapse, and international trade policy, the authors explore how politics can influence the direction of economic policymaking.
Download or read book Banking Industry Regulatory Consolidation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1994 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Download or read book The Savings and Loan Crisis written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and published by . This book was released on 1989 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Taxonomy of Financial Crisis Resolution Mechanisms written by Charles W. Calomiris and published by World Bank Publications. This book was released on 2004 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The goals of financial restructuring are to reestablish the creditor-debtor relationships on which the economy depends for an efficient allocation of capital, and to accomplish that objective at minimal cost. Costs include direct costs to taxpayers of financial assistance and the indirect costs to the economy that result from misallocations of capital and incentive problems resulting from the restructuring. Calomiris, Klingebiel, and Laeven review cases in which countries used alternative mechanisms to restructure their financial and corporate sectors. Countries typically apply a combination of tools, including decentralized, market-based mechanisms, and government-managed programs. Market-based strategies seek to strengthen the capital base of financial institutions and borrowers to enable them to renegotiate debt and resume new credit supply. Government-led restructuring strategies often include the establishment of an entity to which nonperforming loans are transferred or the government's sale of financial institutions, sometimes to foreign entrants. Market-based mechanisms can, in principle, resolve coordination problems that countries face in the wake of massive debtor and creditor insolvency, with acceptably low direct and indirect costs, particularly when those mechanisms are effective in achieving the desirable objective of selectivity. However, these mechanisms depend for their success on an efficient judicial system, a credible supervisory framework and authority with sufficient enforcement capacity, and a lack of corruption in implementation. Government-managed programs may not seem to depend as much on efficient legal and supervisory institutions for their success, but in fact these approaches, in particular the transfer of assets to government-owned asset management companies, also depend on effective legal, regulatory, and political institutions for their success. Further, a lack of attention to incentive problems when designing specific rules governing financial assistance can aggravate moral hazard problems, unnecessarily raising the costs of resolution. These results suggest that policymakers in emerging market economies with weak institutions should not expect to achieve the same level of success in financial restructuring as other countries, and that they should design resolution mechanisms accordingly. Despite the theoretical attraction of some complex market-based mechanisms, simpler mechanisms that afford quick resolution of outstanding debts that improve financial system competitiveness, and that offer little discretion to governments, are most effective. This paper--a product of the Financial Sector and Operations Policy Department--is part of a larger effort in the department to study the containment and resolution of financial crises"--World Bank web site.
Download or read book FDIC Banking Review written by and published by . This book was released on 2000 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Effects of the Savings Loan Crisis written by and published by . This book was released on 1992 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: I. Introduction -- II. So what went wrong in the 1980s? -- III. Analyzing the economic effects of the S&L losses -- IV. Estimating the economic effects of the S&L breakdown -- V. Incorporating deposit insurance in measures of the budget -- Appendix A. McKibbin-Sachs global model -- Appendix B. Estimation of capital losses.
Download or read book High Rollers written by Martin Lowy and published by Bloomsbury Publishing USA. This book was released on 1991-07-30 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lowy avoids the easy answers, like blaming it on fraud and greed, and explains how something of this magnitude could occur under the noses of those who should have protected the taxpayer. Paul M. Horvitz, University of Houston Market forces, not scoundrels, destroyed the savings and loan business. So says Martin Lowy in what is truly an inside look at the savings and loan crisis. Drawing upon his experience as a practicing attorney, bank officer, and savings and loan director, Lowy provides an expert account of the problems that have overwhelmed the nation's savings institutions and their government regulators. High Rollers is the first book on the S&L crisis that provides an analytical groundwork for technical and nontechnical readers--so that both can comprehend what happened. Lowy's clear, readable style allows him to quickly describe the origins of the problems in new market forces and new technologies, and how the problems grew out of control as a result of regulatory mistakes and congressional inaction. Even his discussions of real estate lending practices and accounting issues are, in the words of Professor Horvitz, both clear to the novice and instructive to the professional.
Download or read book From Buildings and Loans to Bail Outs written by David L. Mason and published by Cambridge University Press. This book was released on 2004-07-05 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most Americans, the savings and loan industry is defined by the fraud, ineptitude and failures of the 1980s. However, these events overshadow a long history in which thrifts played a key role in helping thousands of households buy homes. First appearing in the 1830s savings and loans, then known as building and loans, encourage their working-class members to adhere to the principles of thrift and mutual co-operation as a way to achieve the 'American Dream' of home ownership. This book traces the development of this industry from its origins as a movement of a loosely affiliated collection of institutions into a major element of America's financial markets. It also analyses how diverse groups of Americans, including women, ethnic Americans and African Americans, used thrifts to improve their lives and elevate their positions in society. Finally the overall historical perspective sheds new light on the events of the 1980s and analyses the efforts to rehabilitate the industry in the 1990s.
Download or read book Big Money Crime written by Kitty Calavita and published by Univ of California Press. This book was released on 1999-05-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth scrutiny into the American savings and loan financial crisis in the 1980s. The authors come to conclusions about the deliberate nature of this financial fraud and the leniency of the criminal justice system on these 'Gucci-clad white-collar criminals'.
Download or read book Emerging Financial Markets in the Global Economy written by Larry Sawers and published by World Scientific. This book was released on 2000 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers considers many of the important issues raised by these dramatic changes in emerging financial markets, including: the nature of this systemic risk and how governments can go about reducing it: how to increase the supply of capital that can be invested in development; aspects of foreign direct investment; informal credit markets; the impact of informal finance on development; how lessons learned from microfinance in developing countries can be applied to credit markets in the United States; and how to create institutions that can effectively deal with the problems inherent in lending to poor people in developing countries. The book is intended for policy makers and scholars interested in capital markets in developing and transition economies. It is also suitable for use as a supplementary text in upper level undergraduate courses on development finance.
Download or read book Problems of the Federal Savings and Loan Insurance Corporation FSLIC written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1989 with total page 1356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Problems of the Federal Savings and Loan Insurance Corporation FSLIC March 3 7 8 9 and 10 1989 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1989 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt:
