title:
Bright lines and bailouts : to bail or not to bail, that is the question
creator:
McKinley, Vern.
creator:
Gegenheimer, Gary.
publisher:
Cato Institute
date:
Record modified: 2011-09-08
date:
Record created: 2011-01-10
date:
Modified: Mon Apr 20 04:57:57 EDT 2009
date:
2009
description:
Extent: 39 p. : ill. (digital, PDF file)
description:
April 21, 2009.; "Advance copy"--Cover.; Title from cover screen (viewed on Apr. 27, 2009).; Includes bibliographical references: p. 30-39.
description:
Abstract: This present crisis has demonstrated that undertaking bailouts of troubled institutions, which involves structuring transactions that attempt to transform the institution into a viable one, while simultaneously projecting the reaction of investors and markets, is a process for which government is ill suited. These bailout powers should be revoked. Financial angst still hangs over the system as the underlying imbalances that led to the crisis have not been reconciled. The ultimate answer is to place troubled institutions into receivership or the relevant form of bankruptcy -- including many of the institutions that have already been bailed out.
subject:
Financial institutions--United States
subject:
Financial crises--United States
subject:
Banks and banking--United States
relation:
OCLC No.: 319451378
relation:
Mode of access: World Wide Web.; System requirements: Adobe Reader.
relation:
Is part of: Policy analysis / Cato Institute ; no. 637; Policy analysis (Cato Institute : Online) ; no. 637
type:
application/pdf
type:
Text
type:
PDF-1.6
source:
http://www.cato.org/pubs/pas/pa-637.pdf
language:
eng
rights:
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identifier:
pa-637
