Last resort
Subtitle: the financial crisis and the future of bailouts
By: Eric A. Posner
Publisher: University of Chicago Press; The University of Chicago Press
Published: 2018
Language: eng
Number of pages: 219
ISBN-13: 9780226420066
Copyright date: 2018
Subjects: Bailouts (Government policy); Global Financial Crisis, 2008-2009; Financial crises; Intervention (Federal government)
Description: Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal angles.--Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: The transformation of the financial system; title: Crisis; title: The lawfulness of the rescue; title: The trial of AIG; title: Fannie and Freddie; title: The bankruptcies of General Motors and Chrysler; title: Takings and government action in emergencies; title: Politics and reform.