The Financial Crisis and the Free Market Cure: Why Pure Capitalism Is the World Economy's Only Hope

  • 10h 35m 14s
  • John Allison
  • Blackstone Audio, Inc. dba Blackstone Publishing
  • 2012
This audio edition offers shrewd insight, alarming insider details, and practical advice for today's leaders.

In this Audiobook

  • Chapter 1 - Fundamental Themes
  • Chapter 2 - What Happened?
  • Chapter 3 - Government Monetary Policy—The Fed as the Primary Cause
  • Chapter 4 - FDIC Insurance—The Background Cause
  • Chapter 5 - Government Housing Policy—The Proximate Cause
  • Chapter 6 - The Essential Role of Banks in a Complex Economy—The Liquidity Challenge
  • Chapter 7 - The Residential Real-Estate-Market Bubble and Financial-Market Stress
  • Chapter 8 - Failure of the Rating Agencies—The Subprime Mortgage Market and Its Impact on Capital Markets
  • Chapter 9 - Pick-a-Payment Mortgages—A Toxic Product from FDIC Insurance Coverage
  • Chapter 10 - How Freddie and Fannie Grew to Dominate the Home Mortgage Business
  • Chapter 11 - Fair-Value Accounting and Wealth Destruction
  • Chapter 12 - Derivatives Shadow Banking—A Misunderstanding
  • Chapter 13 - The Myth That “Deregulation” Caused the Financial Crisis
  • Chapter 14 - How the SEC Made Matters Worse
  • Chapter 15 - Market Corrections Are Necessary, but Panics Are Destructive and Avoidable
  • Chapter 16 - TARP (Troubled Asset Relief Program)
  • Chapter 17 - What We Could Have—And Should Have—Done
  • Chapter 18 - The Banking Industry—The Cure—Systematically Move toward Pure Capitalism
  • Chapter 19 - Some Political Cures—Government Policy
  • Chapter 20 - Our Short-Term Path and How to End Unemployment
  • Chapter 21 - The Deepest Cause is Philosophical
  • Chapter 22 - The Cure is Also Philosophical
  • Chapter 23 - How the U.S. Could Go Broke
  • Chapter 24 - The Need for Principled Action
  • Chapter 25 - Conclusion
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