Broken Bargain

Broken Bargain
Author: Kathleen Day
Publisher: Yale University Press
Total Pages: 441
Release: 2019-01-01
Genre: Business & Economics
ISBN: 0300223323


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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.


Broken Bargain
Language: en
Pages: 441
Authors: Kathleen Day
Categories: Business & Economics
Type: BOOK - Published: 2019-01-01 - Publisher: Yale University Press

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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. financi
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Type: BOOK - Published: 2003-12-15 - Publisher: University of Toronto Press

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Canada's machinery of government is out of joint. In Breaking the Bargain, Donald J. Savoie reveals how the traditional deal struck between politicians and care
The Broken Bargain
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Pages: 274
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The Broken Bargain is based primarily in Ildathach a realm where peace between the Unseelie and Seelie fae is feigned at best. But what if the villains in the s
Broken Bargain
Language: en
Pages: 441
Authors: Kathleen Day
Categories: Financial crises
Type: BOOK - Published: 2019 - Publisher:

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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. fi