000 02911cam a2200421 i 4500
001 119640
005 20230410115701.0
008 130930s2013 nyua b 001 0 eng
035 _a17903727
010 _a 2013039104
020 _a9781591845782 (hardback)
040 _aDLC
_beng
_cDLC
_erda
041 _aEng
042 _apcc
043 _an-us---
050 1 4 _aHG 2491
_bB783g 2013
082 0 0 _a332.10973
084 _aBUS004000
_aBUS069000
_aBUS022000
_2bisacsh
100 1 _aBove, Richard X.
245 1 0 _aGuardians of prosperity :
_bwhy America needs big banks /
_cRichard X. Bove.
264 1 _aNew York, New York :
_bPortfolio / Penguin,
_c2013.
300 _aviii, 280 pages :
_billustrations ;
_c24 cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
520 _a"Since the financial crisis, amid outrage at the likes of Citigroup and JPMorganChase and Washington's rejiggering of the financial system, the banking industry has had one major defender: Richard X. Bove. Now he explains why big banks are the nation's lifeline to success, and why financial disaster will ensue if we make it impossible for them to fill their role in the economy. Bove argues that big banks are necessary to ensure America's position in global finance; to assist corporations in achieving their goals against foreign competition; and, most importantly, to defend the average household's access to financial services. Limiting the major banks, he shows, is an attack on our future growth. Bove offers ways to improve the economy's stability, including allowing some banks to be "too big to fail" and lessening the demand on liquidity so they won't need to sell existing loans. His main argument, that we need to stop fighting our greatest guardians of prosperity, is sure to be controversial"--
_cProvided by publisher.
504 _aIncludes bibliographical references (pages 249-270) and index.
505 _aJackson's folly -- Taming America's banking culture -- The modern boom and bust -- Rescue : an emergency in banking -- Populism unleashed -- Banks : what works, what doesn't -- Capital is not king -- The consumer scam -- The mortgage chokehold -- Barriers to entry -- U.S. dominance in peril -- Stop undermining the banks -- Bold prescriptions -- The return of the charging bull.
650 0 _aBanks and banking
_zUnited States.
651 0 _aUnited States
_xEconomic conditions
_y2009-
650 0 _aFinancial crises
_zUnited States.
650 7 _aBUSINESS & ECONOMICS / Banks & Banking.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Economics / General.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / Economic Conditions.
_2bisacsh
856 4 2 _3Cover image
_uftp://ppftpuser:welcome@ftp01.penguingroup.com/Booksellers and Media/Covers/2008_2009_New_Covers/9781591845782.jpg
942 _2lcc
_cbk
946 _adpf
999 _c46005
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