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Author: Forrest McDonald Publisher: Beard Books ISBN: 1587982439 Category : Biography & Autobiography Languages : en Pages : 404
Book Description
This is a reprint of a previosly published work. It dewals with Samuel Insull, who was Thomas Edison's private secretary and founded the business of centralized electric supply. He organized the Edison General Electric Company.
Author: Forrest McDonald Publisher: Beard Books ISBN: 1587982439 Category : Biography & Autobiography Languages : en Pages : 404
Book Description
This is a reprint of a previosly published work. It dewals with Samuel Insull, who was Thomas Edison's private secretary and founded the business of centralized electric supply. He organized the Edison General Electric Company.
Author: John F. Wasik Publisher: Macmillan + ORM ISBN: 1250089123 Category : History Languages : en Pages : 405
Book Description
A timely rags-to-riches story, The Merchant of Power recounts how Sam Insull--right hand to Thomas Edison--went on to become one of the richest men in the world, pivotal in the birth of General Electric and instrumental in the creation of the modern metropolis with his invention of the power grid, which still fuels major cities today. John Wasik, awarded the National Press Club Award for Consumer Journalism, had unprecedented access to Sam Insull's archives, which include private correspondence with Thomas Edison. The extraordinary fall of a man extraordinary for his time is revealed in this cautionary tale about the excesses of corporate power.
Author: Arthur E. Wilmarth Jr Publisher: Oxford University Press, USA ISBN: 019026070X Category : Banking law Languages : en Pages : 601
Book Description
Banks were allowed to enter securities markets and become universal banks during two periods in the past century - the 1920s and the late 1990s. Both times the ensuing unsustainable booms led to destructive busts - the Great Depression of the early 1930s and the Global Financial Crisis of2007-09. Both times, universal banks made high-risk loans and packaged them into securities that were sold as safe investments to poorly-informed investors. Both times, governments were forced to arrange costly bailouts.Congress passed the Glass-Steagall Act of 1933 in response to the Great Depression. The Act broke up universal banks and established a decentralized financial system composed of three separate and independent sectors: banking, securities, and insurance. That system was stable and successful for overfour decades until the big-bank lobby persuaded regulators to open loopholes in Glass-Steagall during the 1980s and convinced Congress to repeal it in 1999.In Taming the Megabanks, Arthur Wilmarth, Jr. argues that we must separate banks from securities markets again to avoid another devastating financial crisis and ensure that our financial system serves Main Street business firms and consumers instead of Wall Street bankers and speculators. Wilmarth'scomprehensive and detailed analysis of the roles played by universal banks in the two worst financial catastrophes of the past century demonstrates that a new Glass-Steagall Act would make our financial system much more stable and less likely to produce boom-and-bust cycles. And giant universalbanks would no longer dominate our financial system or receive enormous subsidies.Congress did not adopt a new Glass-Steagall Act after the Global Financial Crisis. Instead, Congress passed the Dodd-Frank Act. Dodd-Frank's highly technical reforms tried to make banks safer but left the dangerous universal banking system in place. Universal banks continue to pose unacceptablerisks to financial stability and economic and social welfare. They exert far too much influence over our political and regulatory systems because of their immense size and their undeniable "too-big-to-fail" status.Taming the Megabanks forcefully makes the case for a a new Glass-Steagall Act to break up universal banks. A more decentralized and competitive system of independent banks and securities firms would not only provide better service to Main Street businesses and ordinary consumers but also bringstability to a volatile financial system.
Author: Thomas A. Edison Publisher: JHU Press ISBN: 1421400901 Category : Biography & Autobiography Languages : en Pages : 862
Book Description
Gathers sketches, notebook entries, letters, articles, patent information, and financial papers from the beginning of Edison's career as an inventor
Author: United States. Congress. Senate. Special Committee Investigating Expenditures in Senatorial Primary and General Elections Publisher: ISBN: Category : Languages : en Pages : 1956
Author: Scott B. MacDonald Publisher: Transaction Publishers ISBN: 9780765803566 Category : True Crime Languages : en Pages : 292
Book Description
What do Michael Milken and Martha Stewart have in common? (Answer: Both became public scapegoats for an outrageous era of greed and excess.) What was the most outrageous party thrown by a financial baron of the twentieth century? (Answer: Tough call, but either Michael Milken's Predators Ball in 1985, or Dennis Kozlowski's Sardinian birthday bash in 2001, with its vodka-spouting sculpture.) Which U.S. war hero president became party to, and victim of, an unabashed con man known as the Napoleon of Wall Street? (Answer: Ulysses S. Grant, but it's a long story.) These questions and more are discussed in Scott MacDonald and Jane Hughes' Separating Fools from Their Money. The authors trace the history of financial scandals from the early days of the young republic through the Enron/WorldCom debacle of modern times. A host of colorful characters inhabit the pages of this history, revealing human nature in all of its dubious shades of gray. At the same time, the book exposes themes common to all financial scandals, which remain astonishingly unchanged over more than two centuries--greed, hubris, media connections, self-interested politicians, and booms-gone-bust, to name a few. Informative and entertaining, Separating Fools should engage the interest of investors and casual business readers, as well as economists interested in supplemental reading for their students.
Author: Forrest McDonald
Author: Forrest McDonald
Author: John F. Wasik
Author: American Hereford Cattle Breeders' Association
Author: Continental Dorset Club
Author: Arthur E. Wilmarth Jr
Author: United States. Congress. Senate. Committee on Banking and Currency
Author: United States. Federal Trade Commission
Author: Thomas A. Edison
Author: United States. Congress. Senate. Special Committee Investigating Expenditures in Senatorial Primary and General Elections
Author: Scott B. MacDonald