02808cam a22003135a 4500 17690864 20201128021520.0 130409t2013 nyua frb 001 0 eng d 9780071806770 0071806776 BTCTA eng BTCTA BDX LPU CO2 YDXCP BWX BKX CDX IAD XII DLC EG-ScBUE n-us--- 330.1220973 22 ALL Allison, John A. 38680 The financial crisis and the free market cure : why pure capitalism is the world economy's only hope / John A. Allison. The financial crisis and the free market cure : why pure capitalism is the world economy's only hope : how destructive banking reform is killing the economy New York : McGraw-Hill, c.2013. viii, 278 p. ; 24 cm. Index : p. 267-275. Bibliography : p. 255-266. Fundamental 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. The 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. Capitalism. BUEsh Financial crises United States. BUEsh 1773 Financial services industry Law and legislation United States. BUEsh BUEsh BUSADM August2015 November2015 ddc 20614 20586 0 0 ddc 0 0 Baccah MAIN MAIN 1ST 2015-08-19 Purchase 180.00 21758 1 3 330.1220973 ALL 000039778 2025-07-15 00:00:00 2015-11-09 225.00 BB