Author:
Barth, James R.
Imprint:Washington, D.C. : AEI Press ; Lanham, Md. : Distributed by arrangement with University Press of America, 1991.
Descriptionv, 170 p. : ill. ; 23 cm.
Bibliography Note:Includes bibliographical references (p. 149-170).
Note:"Barth (Auburn University; former chief economist of the Federal Home Loan Bank Board) puts the majority of the blame for the savings and loan debacle squarely on the system of deposit insurance, and upon the government that created it. In essence, he argues that the scheme as it exists is a Heads I win tails you lose game of chance with the taxpayer picking up the tab for an inflexible regulatory system and a lack of market discipline. Six tight chapters totaling 115 pages provide a convincing case: detailed history of the savings and loan industry; a review of the events of the 1980s; a thorough dissection of the Financial Institutions Reform, Recovery and Enforcement Act; the case for reform of the insurance system; and a succinct review of the lessons learned." -- Choice review
Note:Recommended as a Choice Outstanding Title
