Broken Bargain is popular PDF and ePub book, written by Kathleen Day in 2019-01-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Broken Bargain can be Read Online from any device for your convenience.
Broken Bargain Book PDF Summary
A history of major financial crises--and how taxpayers have been left with the bill In the 1930s, battered and humbled by the Great Depression, the U.S. financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and antifraud measures, and fiduciary responsibilities. Despite subsequent periodic changes in these regulations, the underlying bargain played a major role in preserving the stability of the financial markets as well as the larger economy. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed--and government agreed. This engaging history documents the country's financial crises, focusing on those of the 1920s, the 1980s, and the 2000s, and reveals how the two more recent crises arose from the neglect of this fundamental bargain, and how taxpayers have been left with the bill.
Detail Book of Broken Bargain PDF
- Author : Kathleen Day
- Release : 01 January 2019
- Publisher : Yale University Press
- ISBN : 9780300223323
- Genre : Business & Economics
- Total Page : 441 pages
- Language : English
- PDF File Size : 12,8 Mb
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