Author: Frederick William GookinPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 70
Book Description
Our Defective American Banking System
Author: Frederick William GookinPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 70
Book Description
Our Defective American Banking System
Author: Frederick William GookinPublisher: Forgotten Books
ISBN: 9780265271667
Category : Business & Economics
Languages : en
Pages : 54
Book Description
Excerpt from Our Defective American Banking System: A Diagnosis and a Prescription Before answering the question, What should be done? It will be well to glance at certain things in the situation with which we have to deal. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Our Defective American Banking System
Author: Frederick William GookinPublisher: Palala Press
ISBN: 9781358524097
Category :
Languages : en
Pages :
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Our Defective American Banking System; A Diagnosis and a Prescription
Author: Frederick William GookinPublisher: Palala Press
ISBN: 9781356130689
Category :
Languages : en
Pages : 60
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Our Defective American Banking System
Author: Frederick Wiliam GookinPublisher: Palala Press
ISBN: 9781356560035
Category :
Languages : en
Pages : 52
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The United States Reserve Bank
Author: Charles N. FowlerPublisher: Createspace Independent Publishing Platform
ISBN: 9781548141967
Category :
Languages : en
Pages : 88
Book Description
From the Foreword. Origin and Passage of the Federal Reserve Act . THE first draft of the Federal Reserve Act was made by Mr. Fowler who introduced the bill on March 29,1910, and made an extended speech on the measure and upon bank reform in general. The Federal Reserve Act was drawn by Mr. Fowler for the express purpose of planting the United States irrevocably upon the gold standard, and of providing a currency as responsive to the demands of trade as bank credit itself, and currently redeemed in gold through our Clearing Houses precisely as checks and drafts are. It was one of those strange freaks of fortune; it was the very irony of fate itself that under the dictation of the leading money fiatist of this half-century, the Federal Reserve Act was to become the vehicle of a practically unlimited issue of "Government Paper Money." In 1913 the Democratic party came into power and took possession of every department of the Government. It was greatly to its credit that, in a patriotic and courageous way, it immediately set about the passage of a general financial and banking law. Unfortunately, however, for true bank reform, Hon. William J. Bryan was then Secretary of State, and completely controlled the Democratic majorities in both houses of Congress. It is a matter of well-known history, that Mr. Bryan inspired, directed and dictated the fundamental or underlying principles of the Federal Reserve Act. Through his following he literally compelled Congress, in utter defiance of the objections and vigorous protests of the Gold Democrats, to make The Federal Reserve Notes primarily United States Notes, or Greenbacks, each note bearing these words: "The United States of America will pay to the bearer on demand _________ dollars." This is one of the fatal features or defects of The Federal Reserve Act.....
The United States Reserve Bank
Author: Charles N. FowlerPublisher:
ISBN: 9781696086189
Category :
Languages : en
Pages : 90
Book Description
From the Foreword. Origin and Passage of the Federal Reserve Act THE first draft of the Federal Reserve Act was made by Mr. Fowler who introduced the bill on March 29,1910, and made an extended speech on the measure and upon bank reform in general. The Federal Reserve Act was drawn by Mr. Fowler for the express purpose of planting the United States irrevocably upon the gold standard, and of providing a currency as responsive to the demands of trade as bank credit itself, and currently redeemed in gold through our Clearing Houses precisely as checks and drafts are.It was one of those strange freaks of fortune; it was the very irony of fate itself that under the dictation of the leading money fiatist of this half-century, the Federal Reserve Act was to become the vehicle of a practically unlimited issue of "Government Paper Money."In 1913 the Democratic party came into power and took possession of every department of the Government. It was greatly to its credit that, in a patriotic and courageous way, it immediately set about the passage of a general financial and banking law.Unfortunately, however, for true bank reform, Hon. William J. Bryan was then Secretary of State, and completely controlled the Democratic majorities in both houses of Congress. It is a matter of well-known history, that Mr. Bryan inspired, directed and dictated the fundamental or underlying principles of the Federal Reserve Act. Through his following he literally compelled Congress, in utter defiance of the objections and vigorous protests of the Gold Democrats, to make The Federal Reserve Notes primarily United States Notes, or Greenbacks, each note bearing these words: "The United States of America will pay to the bearer on demand _________ dollars." This is one of the fatal features or defects of The Federal Reserve Act.....
The Number That Killed Us
Author: Pablo TrianaPublisher: John Wiley & Sons
ISBN: 1118171543
Category : Business & Economics
Languages : en
Pages : 263
Book Description
A critical look at the risk measurement tool that has repeatedly hurt the financial world The Number That Killed Us finally tells the "greatest story never told": how a mysterious financial risk measurement model has ruled the world for the past two decades and how it has repeatedly, and severely, caused market, economic, and social turmoil. This model was the key factor behind the unleashing of the cataclysmic credit crisis that erupted in 2007 and which the effects are still being felt around the world. The Number That Killed Us is the first and only book to thoroughly explain this hitherto-uncovered phenomenon, making it the key reference for truly understanding why the malaise took place. The very number financial institutions and regulators use to measure risk (Vale at Risk/VaR) has masked it, allowing firms to leverage up their speculative bets to unimaginable levels. VaR sanctioned and allowed the monstrously geared toxic punts that sank Wall Street, and the world, during the latest crisis. We can confidently say that VaR was the culprit. In The Number That Killed Us, derivatives expert Pablo Triana takes you through the development of VaR and shows how its inevitable structural flaws allowed banks to take on even greater risks. The precise role of VaR in igniting the latest crisis is thoroughly covered, including in-depth analysis of how and why regulators, by falling in love with the tool, condemned us to chaos. Uncritically embraced worldwide for way too long, VaR is, in the face of such destruction, just starting to be examined as problematic, and in this book Triana (long an open critic of the tool's role in encouraging mayhem) uncovers exactly why it makes our financial world a more dangerous place. If we care for our safety, we should let VaR go. Contains controversial analysis of the hotly debated risk metric Value at Risk (VaR) and its central role in the credit crisis Denounces the role of regulators and academics in forcing the presence of the inevitably malfunctioning in financeland Describes how bonus-hungry traders can use VaR as an alibi to take on the most reckless of bets Reveals how the most recent financial crisis will simply repeat itself if the problems behind VaR are not unmasked Pablo Triana is also the author of Lecturing Birds on Flying The very risk measurement tool that was intended to contain risk allowed financial firms to blindly take on more. The model that was supposed to save us condemned us to misery. The Number That Killed Us reveals how this has happened and what needs to be done to correct the situation.
The Federal Reserve System Purposes and Functions
Author: Board of Governors of the Federal Reserve SystemPublisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: William VanZandt Cox