Thrifts Under Siege PDF Download

Author: R. Dan Brumbaugh
Publisher: Beard Books
ISBN: 1893122395
Category : Business & Economics
Languages : en
Pages : 238

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Author:
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 268

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Author: Mark Carl Rom
Publisher: University of Pittsburgh Pre
ISBN: 0822974835
Category : Political Science
Languages : en
Pages : 337

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Winner of the Harold Lasswell Award of the American Political Science Association The FSFIC failed spectacularly during the 1980s, costing taxpayers an estimated $200 billion. In this award-winning analysis, Rom examines the political causes of this "thrift tragedy." He directly confronts-and rejects-the dominant scholarly "public choice" view that public officials were motivated mainly be self-interest. Instead, Rom argues that politicians and bureaucrats generally acted in the "public spirit" by attempting to obtain the common interest as they saw it. Using new evidence and innovative methods, Rom demonstrates that FSLIC's failure unfolded because of commitments that officials had made in the past and their uncertainties about how to fulfill these obligations in the future.

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 80

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Author: Ned Eichler
Publisher: Univ of California Press
ISBN: 0520329627
Category : Business & Economics
Languages : en
Pages : 176

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This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1989.

Author: Roger C. Kormendi
Publisher: Springer Science & Business Media
ISBN: 9400907354
Category : Business & Economics
Languages : en
Pages : 115

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On February 6, 1989, the Federal Home Loan Bank Board contacted Mid America Institute to inquire whether it would undertake an independent, academically oriented analysis of the insolvency resolution crisis in the thrift industry. The Senate Banking Committee, during the course of hearings on the thrift crisis, had suggested to the Bank Board tile desirability of an independent assessment of Bank: Board and FSLIC resolution methodology, specifically as it related to the controversy surrounding the December deals, the Southwest Plan, and the possibility that tax considerations were driving certain deals. The Bank Board had already initiated studies from industry-oriented perspectives. Therefore, it felt that an academic perspective would provide both a valuable addition to the process, and by the nature of academia, perhaps the best prospect of a credible and independent viewpoint. The Bank Board was prepared to give an appropriately structured Task Force virtually unlimited access to all personnel, documents and resources that the Task Force felt necessary to come to an uncompromising assessment. The only significant constraint imposed was that a report had to be available prior to the start of the next round of Senate Banking Committee hearings on March 1, 1989. The Task Force would be given complete discretion as to the scope and coverage of the report, but it was requested that the topic of the December deals, particularly the associated tax considerations, be a significant part of the report.

Author: James R. Barth
Publisher:
ISBN:
Category : Adjustable rate mortgages
Languages : en
Pages : 30

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Author: James R. Barth
Publisher:
ISBN:
Category : Adjustable rate mortgages
Languages : en
Pages : 92

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Author: Elizabeth Singleton Cooperman
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 52

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The recent thrift crisis has stimulated debate concerning the potential for interest rate contagion across depository institutions. This paper tests for the existence of interest-rate contagion on the retail (insured) deposit rates of federally insured depository institutions in response to the Ohio savings and loan crisis in 1985. An autoregressive integrated moving average intervention model is used to analyze the effect of the crisis on the six-month retail certificate of deposit (CD) rates of 62 banks and thrifts operating in seven major metropolitan areas and 70 banks and thrifts operating within Ohio. The empirical results indicate that although deposit rates of institutions were found to increase significantly during the crisis period in response to a sudden increase in Treasury bill rates, risk premiums paid by the depository institutions were not significantly affected.

Author:
Publisher:
ISBN:
Category : Federal home loan banks
Languages : en
Pages : 100

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