Senseless Panic: How Washington Failed America

Senseless Panic: How Washington Failed America

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The truth about the 2008 economic crisis from a Washington insider

The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ ten largest, and Continental… (more)

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Book Details  


Publisher: Wiley (June 25, 2012)

Format: EPUB

File size: 744 KB

Protection: DRM

Language: English


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