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Bailout: An Insider's Account of Bank Failures and Rescues | 
enlarge | Author: Irvine H. Sprague Publisher: Beard Books Category: Book
List Price: $34.95 Buy New: $31.45 You Save: $3.50 (10%)
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Sales Rank: 4804
Media: Paperback Number Of Items: 1 Pages: 312 Shipping Weight (lbs): 0.7 Dimensions (in): 7.7 x 4.9 x 0.9
ISBN: 1587980177 Dewey Decimal Number: 332.120973 EAN: 9781587980176 ASIN: 1587980177
Publication Date: December 1, 2000 Shipping: Eligible for Super Saver Shipping Availability: Usually ships in 24 hours
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Product Description The engrossing story of how the Federal Deposit Insurance Corporation handled four bank failures. PUBCOMMENTS: During the high interest times of the 1970s and 1980s, banks and savings and loan associations were under heavy financial pressure. Hundreds of them failed. The Home Loan Bank Board permitted the savings and loan associations to treat goodwill as capital, thereby allowing them to remain open and to build up enormous losses that eventually cost the taxpayers billions of dollars. The Federal Deposit Insurance Corporation took a different approach. It closed the banks or sold them, all at no cost to taxpayers. Bailout is the engrossing story of how the FDIC handled four of these failures.
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