"Come Monday, It'll Be All Right": The Financial Crisis and the Need for a Reliable, Private Liquidity Consortium
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Bester Preis: € 12,20 (vom 14.04.2017)1
Come Monday, It'll Be All Right
EN NWISBN: 9781530923601 bzw. 1530923603, in Englisch, Createspace Independent Publishing Platform, neu.
Lieferung aus: Vereinigtes Königreich Großbritannien und Nordirland, in-stock.
During the 2007-2008 Financial Crisis, several large U.S. financial institutions either faced insolvency or became insolvent as investors lost confidence in the financial system and traditional funding sources evaporated. Self-preservation efforts led many banks and broker-dealers to seek (often unsuccessfully) funding from private equity firms, competitors, and sovereign-wealth funds. Warren Buffett received several such funding requests because he had ready access to large amounts of capital and an investment from a trusted and savvy investor such as Buffett carried an imprimatur that the investment was likely to be sound. But not even Mr. Buffett had sufficient resources to single-handedly recapitalize the many struggling U.S. financial firms. Nevertheless, other avenues for private funding seemed haphazard and potentially hazardous for many U.S. financial firms as they struggled to survive in a dangerous world that they helped to create but that now seemed destined to destroy them. In the absence of trusted and reliable sources of private funding, struggling firms were forced either to submit to an uncertain and unwieldy bankruptcy process or to risk being subjected to an ad hoc government-facilitated take-over, the terms for which were opaque and seemingly subject to change at a moment's notice. Transactions where public funding was used were sure to provoke public outrage and a painful berating by Congress. The public outcry over such taxpayer-funded rescues and the absence of more politically palatable alternatives led Congress to include provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") that provide a framework for a government liquidation of a struggling financial firm that is not federally insured and that poses a significant risk to the financial stability of the United States "that mitigates such risk and minimizes moral hazard. Although the Dodd-Frank Act and the Rules of the Federal Deposit Insurance Co.
During the 2007-2008 Financial Crisis, several large U.S. financial institutions either faced insolvency or became insolvent as investors lost confidence in the financial system and traditional funding sources evaporated. Self-preservation efforts led many banks and broker-dealers to seek (often unsuccessfully) funding from private equity firms, competitors, and sovereign-wealth funds. Warren Buffett received several such funding requests because he had ready access to large amounts of capital and an investment from a trusted and savvy investor such as Buffett carried an imprimatur that the investment was likely to be sound. But not even Mr. Buffett had sufficient resources to single-handedly recapitalize the many struggling U.S. financial firms. Nevertheless, other avenues for private funding seemed haphazard and potentially hazardous for many U.S. financial firms as they struggled to survive in a dangerous world that they helped to create but that now seemed destined to destroy them. In the absence of trusted and reliable sources of private funding, struggling firms were forced either to submit to an uncertain and unwieldy bankruptcy process or to risk being subjected to an ad hoc government-facilitated take-over, the terms for which were opaque and seemingly subject to change at a moment's notice. Transactions where public funding was used were sure to provoke public outrage and a painful berating by Congress. The public outcry over such taxpayer-funded rescues and the absence of more politically palatable alternatives led Congress to include provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") that provide a framework for a government liquidation of a struggling financial firm that is not federally insured and that poses a significant risk to the financial stability of the United States "that mitigates such risk and minimizes moral hazard. Although the Dodd-Frank Act and the Rules of the Federal Deposit Insurance Co.
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"Come Monday, It'll Be All Right": The Financial Crisis and the Need for a Reliable, Private Liquidity Consortium
EN PB NWISBN: 9781530923601 bzw. 1530923603, in Englisch, CreateSpace Publishing, Taschenbuch, neu.
Lieferung aus: Vereinigte Staaten von Amerika, In Stock.
Come-Monday-Itll-Be-All-Right~~US-Library-of-Congress, "Come Monday, It'll Be All Right": The U.S. Financial Crisis and the Need for a Reliable, Private Liquidity Consortium, Paperback.
Come-Monday-Itll-Be-All-Right~~US-Library-of-Congress, "Come Monday, It'll Be All Right": The U.S. Financial Crisis and the Need for a Reliable, Private Liquidity Consortium, Paperback.
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