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010 _a 2012538518
020 _a9780071806770
035 _a(OCoLC)ocn795175470
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050 0 0 _aHB501
_b.A552 2013
100 1 _aAllison, John A
_931860
245 1 4 _aFinancial crisis and the free market cure
_bwhy pure capitalism is the world economy's only hope
260 _aNew York
_bMcGraw-Hill
_c2013
500 _a"How destructive banking reform is killing the economy"--Book jacket.
504 _aIncludes bibliographical references (p. 255-266) and index.
505 0 _aFundamental themes -- What happened? -- Government monetary policy: the Fed as the primary cause -- FDIC insurance: the background cause -- Government housing policy: the proximate cause -- The essential role of banks in a complex economy: the liquidity challenge -- The residential real-estate-market bubble and financial-market stress -- Failure of the rating agencies: the subprime mortgage market and its impact on capital markets -- Pick-a-payment mortgages: a toxic product of FDIC insurance -- How Freddie and Fannie grew to dominate the home mortgage lending business -- Fair-value accounting and wealth destruction -- Derivatives and shadow banking: a misunderstanding -- The myth that "deregulation" caused the financial crisis -- How the SEC made matters worse -- Market corrections are necessary, but panics are destructive and avoidable -- TARP (Troubled Asset Relief Program) -- What we could have--and should have--done -- The cure for the banking industry: systematically move toward pure capitalism -- Some political cures: government policy -- Our short-term path and how to end unemployment -- The deepest cause is philosophical -- The cure is also philosophical -- How the United States could go broke -- The need for principled action.
520 _aThe Financial Crisis and the Free Market Cure argues against current financial regulations and proposes a cure to the economy's ills. John A. Allison presents the groundbreaking theory that capitalism is the only economic-political system that allows freedom of thought and rewards those who offer the most productive ideas, products, and services.
650 0 _aCapitalism.
_931861
650 0 _aFinancial crises
_zUnited States.
_931862
650 0 _aFinancial services industry
_xLaw and legislation
_zUnited States.
_931863
906 _a7
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