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It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions

Page 40

by Nomi Prins


  FDIC proposal

  Federal Reserve and

  foreclosure rates and

  Housing and Economic Recovery Act of 2008

  misplaced blame and

  Paulson on

  refinancing of home loans and

  subprime loans, defaults

  subprime loans, securitization

  Huffington Post

  IMB HoldCo LLC

  IndyMac

  inflation

  insurance industry

  bank holding companies (BHCs) and

  collateral debt obligations (CDOs) and

  credit default swaps (CDS) and

  credit derivatives and

  Sherman Act and

  See also American International Group (AIG)

  Intelligence Oversight Board

  Internal Revenue Service (IRS). See also taxes

  international banking community

  Glass-Steagall repeal and

  Goldman Sachs and

  International Monetary Fund (IMF)

  Inter Savings Bank

  Investigative Fund of the Nation Institute

  Investigative Reporting Workshop, American University

  investment banks

  as bank holding companies (BHC)

  Glass-Steagall Act of 1933 and

  Gramm-Leach-Bliley and

  leverage ratio of See also bank holding companies (BHCs); bank size; individual bank names

  investor lawsuits

  against Bear Stearns

  during Great Depression

  pension funds and

  Jacked (Prins)

  Jay Cooke and Company

  JC Flowers and Co.

  Johnson, Jennifer J.

  J.P. Morgan

  acquisition by Chase

  JPMorgan Chase

  AIG and

  Bear Stearns acquisition by

  “claw backs” by

  credit default swaps (CDS) and

  executive compensation and

  Glass-Steagall Act repeal and

  leverage ratio of, in 2008

  LTCM crisis and

  Riegle-Neal Interstate Banking and Branching Efficiency Act and

  TARP money for

  Washington Mutual acquisition

  junk bonds

  Kanjorski, Paul E.

  Kansas City Federal Reserve

  Karatz, Bruce

  Kashkari, Neel

  Kasriel, Paul

  Kaswell, Stuart J.

  KB Home

  Keefe Bruyette & Woods Inc.

  Kelleher, Colm

  Kent County State Bank

  Klein, Naomi

  Kohn, Donald

  Krauthammer, Charles

  Kucinich, Dennis

  Kurland, Stan

  LaFalce, John

  Lawler, Patrick

  lawsuits. See investor lawsuits

  Leach, James

  Leadership for International Finance

  Lehman Brothers

  collateralized debt obligations (CDOs) and

  demise of

  demise of, and net capital rule

  executive compensation and

  IndyMac and

  leverage ratio of, in 2008

  leverage

  CDOs

  estimating total amount of

  home loan securitization and

  leverage ratio See also housing/mortgage crisis

  Lewis, Ken . See also Bank of America

  Liddy, Edward

  Lincoln National Corp. liquidity

  Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)

  collateralized debt obligations (CDOs) and

  commercial paper and

  TARP and

  Temporary Liquidity Guarantee Program (TLGP)

  lobbyists

  Long Term Capital Management (LTCM)

  Mack, Connie, III

  Mack, John J.. See also Morgan Stanley

  Mad Money (CNBC)

  Madoff, Bernard L. “Bernie”

  Managed Funds Association (MFA)

  margin calls

  Martin, William McChesney, Jr.

  Material Adverse Change (MAC) clauses

  MBNA Corp

  McCain, John

  McColl, Hugh McCollum, Bill

  McDonough, William

  McGarvie, Blythe

  Meltzer, Allan

  Merkel, Angela

  Merrill Lynch

  AIG and

  Allison and

  Bank of America acquisition of

  executive compensation and

  Glass-Steagall Act repeal and

  LTCM crisis and

  O’Neal and

  Riegle-Neal Interstate Banking and Branching Efficiency Act and

  MetLife

  Mexican Peso Crisis (1994)

  Milken, Michael

  Miller, G. William

  Miller, Jonathan

  Minnick, Walter

  Missouri State Employees’ Retirement System

  Mnuchin, Steven T.

  Money Market Investor Funding Facility (MMIFF)

  Moody’s Investors Service

  Moorjani, Deepak

  Morgan Stanley as bank holding company (BHC)

  Discover Financial Services and

  executive compensation and

  Glass-Steagall Act repeal and

  leverage ratio of, in 2008

  TARP money for

  mortgage-backed securities (MBS)

  Mozilo, Angelo R.. See also Countrywide Financial

  MSNBC.com

  Nathan v. Louisiana

  Nation

  National Cotton Council

  National Economic Council

  nationalization of banks argument

  NationsBank

  net capital rule

  New CarCo LLC

  New Century Financial

  New Deal

  Newmark, Evan

  New Mexico State Investment Council

  Newton County Loan and Savings Bank

  New York

  New York Federal Reserve

  Enron and

  Friedman and

  Geithner and

  Great Depression and

  LTCM crisis and

  New York State Insurance Department

  New York Stock Exchange

  New York Sun

  New York Times

  on Fannie Mae and Freddie Mac

  on leverage ratio of banks

  Meltzer interview

  on net capital rule

  on Rubin

  Nixon, Richard M.

  Northern Pacific Railway

  Norwest Corporation

  NPR

  NVR, Inc.

  Obama, Barack

  on auto industry

  on executive bonuses

  SEC and

  on “toxic” mortgages

  Ocwen Financial Corp.

  off-book risk. See asset-backed securities

  (ABS); collateralized debt obligations

  (CDOs); structured investment

  vehicles (SIVs)

  Office of Federal Housing Enterprise Oversight (OFHEO)

  Office of the Comptroller of the Currency (OCC)

  Office of Thrift Supervision (OTS) (U.S.

  Department of Treasury)

  oil

  Olagues, John

  O’Neal, Stanley. See also Merrill Lynch

  O’Neill, Paul H.

  OneWest Bank

  Orszag, Peter R.

  O’Shaughnessy, Jim

  O’Shaughnessy Asset Management

  Other People’s Money (Prins)

  Owen, Robert L.

  Pandit, Vikram. See also Citigroup Inc.

  Panic of 1873

  Parsons, Richard

  Patman, Wright

  Patterson, Mark

  Paul, Ron

  Paulson, Henry M. “Hank”

  AIG bailout and

  Allison and

  appointment a
s treasury secretary

  Bear Stearns-JPMorgan Chase merger and

  Friedman and

  Goldman Sachs and

  on housing/mortgage crisis

  Lehman Brothers demise and

  SIVs and

  TARP and

  U.S. Senate Banking Committee testimony

  Wilson and

  See also Goldman Sachs; Troubled Asset Relief Program (TARP); U.S. Department of Treasury

  Paul v. Virginia

  Pecora, Ferdinand

  Pecora Commission

  Pelosi, Nancy pension funds

  Perella, Joseph

  Phillips, Kyra

  Pickard, Lee

  PNC

  Portfolio

  predatory lending. See housing/mortgage crisis Predatory Lending Consumer Protection Act (PLCPA) of 2000

  preferred equity. See also “toxic assets” Primary Dealer Credit Facility (PDCF)

  Primerica

  Prince, Charles. See also Citigroup Inc.

  Prins, Nomi

  Bear Stearns career of

  FOIA request of

  Goldman Sachs career of Jacked

  Other People’s Money

  Web site of

  private equity funds

  Prough, Stephen W.

  Prudential Life

  Prudential Securities

  railroad industry

  Rand, Michael

  Reagan, Ronald

  Reid, Harry

  reinsurance

  Resolution Trust Corporation (RTC)

  “reverse redlining”

  RGE Monitor

  Rice, Condoleeza

  Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (IBBEA)

  Rockefeller, John D.

  Roosevelt, Franklin D. Rosenfeld, Ronald A.

  Roubini, Nouriel

  Rubin, Robert

  Citigroup and

  Glass-Steagall repeal and

  Goldman Sachs and

  subprime mortgages and

  as treasury secretary

  Russian debt crisis

  Ryan, Tim

  Salomon Brothers

  Saluzzi, Joseph

  Sambol, David

  Sandler O’Neill Partners LLP Sanger, David E.

  Sarbanes, Paul

  Saving Capitalism from Capitalists (Zingales) savings and loans

  bank holding companies (BHCs) and

  Savings and Loan Crisis (1980s)

  Schar, Dwight C.

  Schumer, Charles Schwab, Charles R.

  Schwartz, Alan

  Second Banking Directive of 1992

  Second Great Banking Crisis

  advent of collateralized debt obligations (CDOs) and

  causes of

  defined

  loss of wealth and

  nationalization of banks argument and

  Third Depression possibility and

  total bailout cost and

  warning signs of(See also Glass-Steagall Act of 1933)

  Securities Act of 1933

  Securities and Exchange Act of 1934

  Securities and Exchange Commission (SEC)

  bank holding companies (BHCs) and

  creation of

  disclosure by

  Gramm-Leach-Bliley and

  investigation of Steel

  mortgage industry investigation by

  Mozilo investigation by

  net capital rule and

  under Obama administration

  on rating agencies

  Securities Industry and Financial Markets Association (SIFMA)

  securitization

  adjustable-rate mortgages (ARMs) and

  CDOs and

  credit default swaps and Goldman Sachs

  subprime loan defaults and

  subprime loans and

  senior slices (tranches)

  September 11, 2001 terrorist attacks

  Shapiro, Mary

  Shearson Hayden Stone

  Shearson Lehman Brothers

  Shelby, Richard C.

  Sherman, John

  Sherman Antitrust Act of 1890

  Shock Doctrine, The (Klein)

  short selling, of bank stocks

  Shull, Bernard

  Siegel, Robert

  Sieracki, Eric

  60 Minutes (CBS)

  size of banks. See bank size

  Slate.com

  Sloan, Melanie

  Smith Barney

  Snow, John

  Snowe, Olympia

  Snyder, Harley

  Social Security Act

  Société Générale

  S&P 500, all-time high of

  Sparks, Dan

  S&P/Case-Schiller Home Price Indices

  Special Inspector General for the Troubled Asset Relief Program (SIGTARP) report

  Spitzer, Eliot

  Stahl, Leslie

  Standard and Poor’s

  Standard Oil Trust

  Steagall, Henry

  Steel, Bob

  stock market

  adjustable-rate mortgages (ARMs) and

  Dow Jones Industrial Market

  fall of, in September 2008

  Great Crash of 1929 and

  New York Stock Exchange

  preferred stocks

  short selling of bank stocks

  See also Dow Jones Industrial Average

  Strauss-Kahn, Dominique

  stress tests, on banks

  structured investment vehicles (SIVs)

  asset-backed securities (ABS) and

  Citigroup and

  “structured assets,” defined

  See also asset-backed securities (ABS); collateralized debt obligations (CDOs)

  Stumpf, John Gerard

  subordinated (“sub”) tranches

  subprime loans

 

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