LEADER 00000nim a22004815a 4500 003 MWT 005 20191125073301.0 006 m o h 007 sz zunnnnnuned 007 cr nnannnuuuua 008 180525s2018 xxunnn es i n eng d 020 9781977392145 (sound recording : hoopla Audio Book) 020 1977392148 (sound recording : hoopla Audio Book) 029 https://d2snwnmzyr8jue.cloudfront.net/ ttm_9781977392145_180.jpeg 028 42 MWT12135069 037 12135069|bMidwest Tape, LLC|nhttp://www.midwesttapes.com 040 Midwest|erda 082 00 338.5/430973|223 099 eAudiobook hoopla 099 eAudiobook hoopla 100 1 Posner, Eric A.,|d1965-|eauthor. 245 10 Last resort :|bthe financial crisis and the future of bailouts|h[Hoopla electronic resource] /|cEric A. Posner. 250 Unabridged. 264 1 [United States] :|bTantor Audio,|c2018. 264 2 |bMade available through hoopla 300 1 online resource (1 audio file (9hr., 10 min.)) : |bdigital. 336 spoken word|bspw|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 344 digital|hdigital recording|2rda 347 data file|2rda 506 Digital content provided by hoopla. 511 1 Read by Steve Menasche. 520 The bailouts during the recent financial crisis enraged the public. They felt unfair-and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars, aren't we encouraging them to continue to act irresponsibly, setting the stage for future crises? And beyond the ethics of it was the question of whether the government even had the authority to bail out failing firms like Bear Stearns and AIG. The answer, according to Eric A. Posner, is no. The federal government freely and frequently violated the law with the bailouts-but it did so in the public interest. An understandable lack of sympathy toward Wall Street has obscured the fact that bailouts have happened throughout economic history and are unavoidable in any modern, market -based economy. And they're actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms. Taking up the common objections raised by both right and left, Posner argues that future bailouts will occur. Acknowledging that inevitability, we can and must look ahead and carefully assess our policy options before we need them. 538 Mode of access: World Wide Web. 650 0 Financial crises|zUnited States. 650 0 Bailouts (Government policy)|zUnited States. 650 0 Intervention (Federal government)|zUnited States. 650 0 Global Financial Crisis, 2008-2009. 700 1 Menasche, Steve. 710 2 hoopla digital. 856 40 |uhttps://www.hoopladigital.com/title/ 12135069?utm_source=MARC|zInstantly available on hoopla. 856 42 |zCover image|uhttps://d2snwnmzyr8jue.cloudfront.net/ ttm_9781977392145_180.jpeg