Broken bargain : bankers, bailouts, and the struggle to tame Wall Street

"Day has written a sweeping account of financial calamities. She shows how often we've been wracked by crises, and how quickly we forget why, setting up the next one. Buckle in."-Mark Zandi, Moody's Analytics"Kathleen Day provides a panoramic and insightful analysis of financial booms and crashes that have shaped our nation's history. She demonstrates that loose credit and weak regulation have played key roles in promoting every speculative boom since the 1920s. Her book is required reading for everyone who wants to understand how to prevent the next financial crisis."-Arthur E. Wilmarth, Jr., George Washington University Law School"An essential narrative of the regulatory cycles that predate financial crises, Broken Bargain offers an important lesson in the dangers of amnesia as Washington once again embarks on deregulation, repeating the mistakes of the past."-Sheila Bair, founding Chair of the Systemic Risk Council and former Chair of the FDIC Ler mais...