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Financing Failure: A Century of Bailouts
Probably no issue during the most recent financial crisis aroused more passion than financial institution bailouts. Focusing on the policymaking behind the decisions to bail out these institutions—not just during the most recent crisis, but also throughout history—this account argues that the genesis of financial crisis lies in government policy, whether in the ...more
Hardcover, 400 pages
Published January 1st 2012 by Independent Institute
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Vern and I were on a FOIA lawsuit against the Fed and FDIC, trying to find out their logic for bailing out AIG but not Lehman. He has an exceptional talent for reading redacted emails and making sense of them. He researched this book in great detail and provided many parallels between the Great Depression and the subprime crisis. It is one of the few books about the recent crisis that gets it right.