Inside the FDIC

Beschreibung

"This book doesn't focus on the arcane and mind-numbing details of capital, liquidity, and the other technical parts of a bank regulator's job. Instead, it puts human faces on the causes and effects of financial crises. These are personal stories of real people grappling with complicated issues while under enormous pressure, of individuals trying to ensure that they and others are treated fairly by our government, and of individuals misusing the system to serve their personal interests." -From the Introduction THE REAL-LIFE PERSONAL STORIES OF THE CHAOS SURROUNDING BANK FAILURES AND HOW THE FDIC RESPONDED John Bovenzi spent almost three decades as a bank regulator at the Federal Deposit Insurance Corporation (FDIC). During his career he worked for ten FDIC chairmen and with many other senior government officials. Inside the FDIC offers a compelling look into the agency that is all too often overlooked by the media. Discover why the FDIC emerged as a major and independent force that impacts the U.S. financial markets and how ten very different FDIC chairmen helped shape the agency and our regulatory system.
Witness how the FDIC manages your money during financial crises Inside the FDIC tells the real stories behind bank failures and financial crises to provide a direct account of the Federal Deposit Insurance Corporation and other bank regulators. Author John Bovenzi served in senior level positions within the FDIC for over twenty years, including a decade as the Deputy to the Chairman and Chief Operating Officer. This book describes what he witnessed as the person in charge of day-to-day operations, as a nearly invisible agency grew to become a major, highly independent force impacting US financial markets. Readers will learn how the FDIC and other bank regulators use the power of the federal government, spend other people's money, and approach decision-making. This book takes readers inside the FDIC to showcase: * The FDIC's emergence as a major market influence * How ten FDIC chairmen helped shape the US financial regulatory system * Internal conflicts between the FDIC and other bank regulatory agencies * Pressures and challenges presented by financial crises Since the early 1980s, over 3,400 banks have failed. These failures weren't steady, regular, and easily predictable events; periods of tranquility were followed by turmoil, booms led to busts, and peaceful complacency often turned to sudden devastation. Inside the FDIC chronicles it all, from the perspective of a first hand witness inside the agency responsible for calming the storm.

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John F. Bovenzi

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Bank Finance & Investments Finanz- u. Anlagewesen Geld Geld u. Bankwesen Geldmarkt Money & Banking

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