books
bailouts public money private profit
p todays financial crisis is the result of dismal failures on the part of regulators market analysts and corporate executives . yet the response of the american government has been to bail out the very institutions and individuals that have wrought such havoc upon the nation . are such massive bailouts really called for can they succeed p robert e. wright and his colleagues provide an unbiased history of government bailouts and a frank assessment of their effectiveness . their book recounts colonial americas struggle to rectify the first dangerous real estate bubble and the british governments counterproductive response . it explains how alexander hamilton allowed central banks and other lenders to bail out distressed but sound businesses without rewarding or encouraging the risky ones . and it shows how in the second half of the twentieth century governments began to bail out distressed companies industries and even entire economies in ways that subsidized risk takers while failing to reinvigorate the economy . by peering into the historical uses of public money to save private profit this volume suggests better ways to control risk in the future . p additional columbia ssrc books on the privatization of risk and its implications for americans p health at risk americas ailing health system and how to heal itedited by jacob s. hacker p laid off laid low political and economic consequences of employment insecurityedited by katherine s. newman p pensions social security and the privatization of riskedited by mitchell a. orenstein
paperback columbia univ pr 2009 isbn13 9780231150552 isbn10 0231150555
book type nf isbn 13 9780231150552 number of pages 160 publisher columbia university press release date 62135769600000