Bailout Nation
Page 31
Crisis psychology
Crony capitalism
Crude oil prices 82
Currencies:
counterfeiting
fiat
historical perspectives
Mexican peso crisis
Thai baht
U.S. dollar, see U.S. dollar
Currency crisis
Daniels, Seth
Danske
Dash, Eric
Davis, Ned
Day trading
Debt, see specific types of debt
long-term
non-investment grade
securitized
Debt-to-net-capital ratio
Debtor in possession (DIP) financing
Decision-making process:
market-based
taxpayer subsidies and
Default:
on foreign debt
on mortgage loans
securitization process
on subprime mortgages
swaps. See also Credit default swaps (CDSs)
Defense Plant Corporation (DPC)
Deficits
Deficit spending
Deflation
Dell
Democratic Party ideology
Depository banks, business model
Depreciation
Depression, see Great Depression
influential factors
recovery from
Deregulation, radical
Derivatives:
characteristics of
debacle
explosion
market
regulation of
trading
types of
unregulated
value of
Destabilization, financial
Deutsche Bank AG
Digital Millennium Copyright Act
Dimon, Jamie
Disclosure requirements
Dollar-gold relationship
Donaldson, Lufkin & Jenrette (DLJ)
Donaldson, William
Dot-com(s):
booms
bubble
“stock option penis envy,”
stocks
Dow Jones Industrial Average
Downey Savings
Drexel Burnham Lambert
Due diligence
Dutch tulip craze
Earnings manipulation
Easterling, Ed
“Eat what you kill” system
Economic catastrophe
Economic contraction
Economic distress
Economic downturns
Economic expansion
Economic expediency
Economic numbers
Economic slowdowns
Efficient markets
Einhorn, David
Eisinger, Jesse
Electric car manufacturers
Electronics industry
EMC Corporation
Emergency Economic Stabilization Act. See also Troubled Assets Relief Program (TARP)
Emergency Loan Guarantee Act
Emergency loans
Emergency relief, historical perspectives
Eminent domain
Employment rates, economic impact of . See also Unemployment rates
Energy crisis
Energy futures
Enron:
characteristics of
loophole
Environmental conditions, economic impact of
Equal Credit Opportunity Act of 1974
Equity bubble
Equity markets
eToys
European banking system, historical perspectives
Exchange Stabilization Fund (ESF)
Excite
Executive compensation. See CEOs/executives
Exotic derivatives
Exotic loans
Exotic mortgages
Expected returns
Expenditures, big budget government
Expensive money
Fair Housing Act of 1968
Falco, Armando
Fannie Mae
Farrell, Vince
FDIC-mandated prepackages/workouts
Federal debt
Federal Deposit Insurance Corporation (FDIC):
bailout costs
conservatorship
Continental Illinois bailout
guarantees
Public-Private Investment Program (PPIP)
receiverships
roles of
Federal Emergency Relief Act (FERA)
Federal funds rate
Federal Home Loan Bank Board
Federal Housing Administration
Federal Open Market Committee (FOMC)
Federal Reserve Bank of Boston
Federal Reserve Board
Federal Reserve System:
authority of
bailout costs
blame/responsibility of
cash reserve
central banking operations
creation of
evolution of
historical bailouts
inflation measurement
interest rate cuts
leadership, see Bernanke, Ben; Greenspan, Alan; Volcker, Paul
public attitude toward
purpose of
registration of
rescue plans
response to market crash of 1987
roles of
stock market interventions
Federal Savings and Loan Insurance Corporation (FSLIC)
Fees, rating agencies
Fiat currency
FICO score
Fiduciary responsibility
Financial bubble
Financial democracy
Financial engineering
Financial Guaranty Insurance Company (FGIC)
Financial leadership
Financial sector
Financial Services Modernization Act
First American CoreLogic
First Bank of the United States
First Franklin Financial
First-time home buyers
Fishman, Alan
Fitch Ratings
Fixed-income securities
Fixed-income traders/trades
Fixed-rate mortgage loan
Fixing Housing & Finance: 30/20/10 Proposal,”
Flipping
Floor specialists
Food prices, inflation and
Ford Motor Company
Foreclosure:
ARMs and
crisis
in 1929
prevention strategies
rate of
Foreign investors, in U.S. treasuries
Frank, Barney
Fraud:
identification strategies
real estate-related
Freddie Mac
Free market system
Free money
Frew, Scott
Friedman, Thomas
Fuld, Richard/Dick
Full employment
Fund management. See Hedge funds;
Money market funds; Mutual funds
Futures exchanges
Geithner, Timothy
Gene therapy research
General Electric
General Motors (GM)
GI Bill
Gilleran, James
Gingrich, Newt
Glaeser, Edward L.
Glass-Steagall Act
Global credit/financial meltdown
Global Crossing
Global economy
Global fund management
Global liquidity
Going naked
Gold prices
Gold standard
Goldman Sachs, failure of
Goldman Sachs Group Inc.
Gongol, Brian
Goodman, Peter
Google
Gorman, Paul
Gott, Marc
Government-funded Chapter 11
Government guaranteed loans
Government interv
ention:
historical perspectives
impact of
systemic risk
Government policy
Government regulation
Government-sponsored enterprises (GSEs)
Gramlich, Ed
Gramm, Phil
Gramm, Wendy, Dr.
Gramm-Leach-Bliley Act
Great Depression:
characteristics of
compared with current economy
housing finance system
Great Depression era
Greed
Greenberg, Alan “Ace,”
Greenberg, Hank
Greenspan, Alan
Greenspan put
Gross, Dan
Gross domestic product (GDP)
Guaranteed investment contracts
Gulf states
Gulf War II, cost of
Haefling, Carl
Haughton, Daniel
Hedge funds
Helicopter Ben. See Bernanke, Ben
Hirsch, Jeffrey
History of bailouts, see also specific corporations
banking industry
credit market in 2007
early twentieth century
Great Depression to World War II
housing market in 2008
1970s
1980s
19990s
nineteenth century to pre-Great Depression era
post-World War II
stock market rescue in 2000
Holding companies, toxic
Home builder incentive fraud
Home equity line of credit (HELOC)
Home equity loans, refinancing
Home inventory
Home loans. See also Mortgage loans
Home Mortgage Disclosure Act of 1975
Home Owner’s Act of 1933 (HOLA)
Home Owner’s Loan Corporation (HOLC)
Home ownership
Homeowner Affordability and Stability Plan
Honda
Hoover, Herbert
Hope for Homeowners
House of Representatives, bank bailout rejection
House Oversight Committee
Housing cycle
Housing market:
bailout in 2008
boom
boom and bust cycle
bubble
collapse in
crisis in
debacle
during Great Depression
property taxes
stabilization strategies
Housing prices
HSBC
Iceland
Ideological idiocy
Illinois Central Railroad
Immigration, as economic recovery strategy
Incentive programs:
how they work
impact of
stock options
Incompetence
Industrial capacity
Industrial-era bailouts (1971-1995):
Chrysler Corporation
Lockheed Aircraft Corporation
Penn Central Railroad
Industrial expansion, economic impact of
IndyMac
Inflation:
ex-inflation
historical perspectives
influential factors
Inflationary pressure
InfoSpace
Initial public offerings (IPOs)
Insolvency
Institutional investors, blame/responsibility of
Intel
“Interested party” agitation
Interest rate risk
Interest rates:
cuts in
European banks
historical policies
housing boom and
housing crisis and
impact of
increase in
maintenance of
mortgage loans
risk management and
ultralow
Interest-only mortgage loan
Internal Revenue Service (IRS)
International investors
Internet companies
Investment banks
Investment-grade ratings
Investor(s):
confidence
psychology
Investor Village
Iraq, invasion of
Irrational exuberance era
Japan:
as bailout lender
deflation in
Jefferson, Thomas
Joint ventures
Jonung, Lars
JPMorgan Chase:
acquisition of Washington Mutual
Bear Stearns takeover
loan processing software
performance of
Junk bonds
Kass, Doug
Kelleher, Colin
Kohlberg Kravis Roberts & Co.
Korean War, cost of
Kroszner, Randall S.
Krugman, Paul
Kuwait, invasion of
Labor unions:
economic impact of
United Auto Workers (UAW)
Lang, Richard
Layoffs
Lazard Freres
Leadership, lack of
Legislation:
Agricultural Adjustment Act (AAA)
Commodity Futures Modernization Act (CFMA)
Communications Act of 1934
Digital Millennium Copyright Act
Emergency Economic Stabilization Act
Emergency Loan Guarantee Act
Equal Credit Opportunity Act of 1974
Fair Housing Act of 1968
Federal Emergency Relief Act (FERA)
Financial Services Modernization Act
Glass-Steagall Act
Gramm-Leach-Bliley Act. 138, 213, 235, 237
Home Mortgage Disclosure Act of 1975
Home Owner’s Act of 1933 (HOLA)
National Banking Act
National Currency Act
National Industrial Recovery Act (NIRA)
New Deal
Patriot Act
Rail Passenger Service Act
Regional Rail Reorganization Act of 1973
Sarbanes-Oxley
Securities Exchange Act
Securities Litigation Reform Act of 1995
Social Security Act
TARP, see Troubled Assets Relief Program (TARP)
Tax Relief Act of 2001
Telecommunications Reform Act of 1996
Wagner Act
Lehman Brothers:
acquisition by Barclays
failure of
Lending standards
“Lend to securitize,”
Lenzner, Robert
Leverage
Leveraged buyouts
Levitt, Arthur
Lewis, Kenneth
Liability
Liar loan
Liddy, Edward
Life insurance
Lincoln, Abraham
Lines of credit. See Credit lines
Liquidation
Liquidity
Literature review:
Bad Money (Phillips)
Big Bets GoneBad (Jorion)
Black Monday (Metz)
Black Swan: The Impact of the Highly Improbable, The (Taleb)
Creature from Jekyll Island, The (Griffin)
Financial Armageddon (Panzer)
History and Policies of the Home Owner’s Loan Corporation (Harriss)
Nation of Counterfeiters, A (Mihm)
Panic of 1907 (Bruner/Carr)
Pop! Why Bubbles Are Great for the Economy (Gross)
Subprime Mortgages: America’s Latest Boom and Bust (Gramlich)
When Genius Failed (Lowenstein)
Lloyds Banking Group
Loan(s):
guarantees
modification
originators of, see Loan originators
Loan originators:
blame/responsibility of
nondepository
roles of
> traditional depository banks
Loan processing software
Loan-to-value (LTV) ratio
Lockheed Aircraft Corporation
Lone Star
Long Term Capital Management (LTCM)
Losses:
during Great Depression
socialized
Louisiana Purchase, cost of
Low-grade corporate bonds
Low-interest-rate loans
Mack, John
Macroeconomics
Madoff, Bernie
Maestro. See Greenspan, Alan
Manhattan Project, for energy technology
Manufacturing industry/sector
Margin:
applications
requirements
Market, generally:
bottoms
bubbles
capitalization
correction
downturns
failure, see Market failure
manipulation
rallies
recovery
values
whisperers
Market-driven events
Market failure:
deregulation and nonfeasance
legislative policy
moral hazard
subprime mortgages
Markopolos, Harry
Mark to make-believe
Mark to market
Marshall Plan, cost of
Matthews, Steve
Mauldin, John
MBIA Insurance Corporation
MBNA
McCain, John
McClatchy Company
McDonough, William J.
McGuire, Thomas
Medicaid/Medicare
Meltzer, Allan
Mercedes-Benz
Mergers and acquisitions (M&As). See also specific acquisitions and mergers
Meritocracy
Meriwether, John
Merkel, David
Merrill Lynch
Merton, Robert
Metz, Tim
Mexico:
economic conditions
peso crisis
Microsoft
Microstrategy
Military spending. See also Lockheed Aircraft Corporation
Minor ownership
Mismanagement, economic impact of
“Mission creep,”
Modern finance
Moffett, David
Moglia, Joe
Momentum
Momeny Market Investor Funding Facility (MMIFF)
M1 money supply, currency components
Monetary policy
Monetary system, historical
Money flow
Money management
Money market funds
Money supply
Monolines
Montier, James
Moody’s Investor Service
Moral hazard
Morgan Stanley
Morgenson, Gretchen
Morse, Samuel F. B.
Mortgage-backed bonds
Mortgage-backed securities (MBSs) 109-110
Mortgage Bankers Association (MBA)
Mortgage brokers:
blame/responsibility of
roles of
Mortgage equity withdrawals (MEWs)
Mortgage fraud
Mortgage interest deduction
Mortgage loan:
approval for
default on, see Foreclosure
documentation requirements