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Senseless Panic: How Washington Fai..., Isaac, William

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Last updated on 11 May, 2024 19:09:09 AESTView all revisionsView all revisions

Item specifics

Condition
Very good: A book that does not look new and has been read but is in excellent condition. No obvious ...
Publishing Language
English
ISBN
0470640367
EAN
9780470640364
Release Title
Senseless Panic: How Washington Failed America
Artist
Isaac, William M.
Brand
N/A
Platform
N/A
Colour
N/A
Book Title
Senseless Panic: How Washington Failed America
Publication Year
2010
Type
Textbook
Format
Hardcover
Language
English
Publication Name
Senseless Panic: How Washington Failed America
Item Height
237mm
Author
William M. Isaac, Philip C. Meyer
Publisher
John Wiley & Sons Inc
Item Width
162mm
Subject
Economics, Accounting
Item Weight
388g
Number of Pages
208 Pages

About this product

Product Information

The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the agricultural sector, a bubble burst in the energy sector, a rolling real estate recession swept the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas? 10 largest, and Continental Illinois, which, at the time, was the 7thlargest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008?s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world?s financial system. The book also tells the rousing story of Isaac?s time at the FDIC. With accessible and engaging prose, Isaac: Details the mistakes that led to the panic of 2008 and 2009 Demystifies the conditions America faced in 2008, and Provides a roadmap for avoiding similar shutdowns and panics in the future Senseless Panicis a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system and a blunt indictment of United States policy.

Product Identifiers

Publisher
John Wiley & Sons Inc
ISBN-13
9780470640364
eBay Product ID (ePID)
95270085

Product Key Features

Author
William M. Isaac, Philip C. Meyer
Publication Name
Senseless Panic: How Washington Failed America
Format
Hardcover
Language
English
Subject
Economics, Accounting
Publication Year
2010
Type
Textbook
Number of Pages
208 Pages

Dimensions

Item Height
237mm
Item Width
162mm
Item Weight
388g

Additional Product Features

Title_Author
Philip C. Meyer, William M. Isaac
Country/Region of Manufacture
United States

Item description from the seller

Business seller information

Value Added Tax number:
  • GB 922696893
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