This book "shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgages. Glock argues that a central goal of the American government in the early 20th century, from the Progressive Era through the New Deal, was to encourage new and riskier types of bank loans through government guarantees. He shows that the Great Depression led the government to act on its earliest ...
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This book "shows that the kinds of bailouts that inspired such popular fury during the 2008 financial crisis emerged from a long history of government support for the financial sector, most especially for banks making mortgages. Glock argues that a central goal of the American government in the early 20th century, from the Progressive Era through the New Deal, was to encourage new and riskier types of bank loans through government guarantees. He shows that the Great Depression led the government to act on its earliest promises and provide billions of dollars of bailouts to insolvent banks, even while it extended support to an ever greater proportion of banks and financiers. The book thus argues that the most significant and extensive government safety net that emerged from the first half of the twentieth century was the safety net protecting banks and lenders, especially those making long-term mortgages"--
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Add this copy of The Dead Pledge: the Origins of the Mortgage Market and to cart. $28.89, very good condition, Sold by Dotcom liquidators / dc1 rated 4.0 out of 5 stars, ships from Fort Worth, TX, UNITED STATES, published 2021 by Columbia University Press.
Add this copy of The Dead Pledge: the Origins of the Mortgage Market and to cart. $63.59, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2021 by Columbia University Press.
Add this copy of The Dead Pledge: the Origins of the Mortgage Market and to cart. $190.87, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2021 by Columbia University Press.
