Last resort : the financial crisis and the future of bailouts / Eric A. Posner.
By: Posner, Eric A [author.].
Publisher: Chicago ; London : The University of Chicago Press, ©2018Description: 219 pages ; illustrations ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780226420066 (cloth : alk. paper).Subject(s): Financial crises -- United States | Bailouts (Government policy) -- United States | Intervention (Federal government) -- United States | Global Financial Crisis, 2008-2009Genre/Form: Print books.| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HB3722 .P666 2018 (Browse shelf) | Available | AU00000000014107 |
Includes bibliographical references and index.
The transformation of the financial system -- Crisis -- The lawfulness of the rescue -- The trial of AIG -- Fannie and Freddie -- The bankruptcies of General Motors and Chrysler -- Takings and government action in emergencies -- Politics and reform.
Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal angles.--Provided by publisher.