Why Too Big to Fail?

£8.99

Why Too Big to Fail?

How the Regulatory System Failed the American People.

Encyclopaedias and reference works Education Economics, Finance, Business and Management

Author: Kaye Bonnick

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Language: English

Published by: AuthorHouse

Published on: 22nd January 2010

Format: LCP-protected ePub

Size: 295 Kb

ISBN: 9781449054373


By November 2009, 120 banks had failed since the start of the year, unemployment was at 10.2%, a twenty six year high, and the government had invested billions of tax dollars in failing financial institutions that were deemed Too Big to Fail.

WHY? What made them too big to fail and why did the government bail them out?

Was this a necessary evil or just plain evil? This book takes an important look back at the amazing legislative and financial events that created these monstrosities and lead to the financial crisis of 2008/09.

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