Financing Failure: A Century of Bailouts

by Vern McKinley

With information obtained through Freedom of Information Act requests, Vern McKinley disproves the claim that federal financial regulators and politicians prevented a more severe financial crisis and argues that reining in federal regulators is a necessary step toward truly promoting the safety and soundness of the financial system.

400 pages, Paperback

First published January 1, 2012

Reviews

[Jean Adelson · Rating 5 out of 5]

Vern and I were on a FOIA lawsuit against the Fed and FDIC, trying to find out their logic for bailing out AIG but not Lehman. He has an exceptional talent for reading redacted emails and making sense of them. He researched this book in great detail and provided many parallels between the Great Depression and the subprime crisis. It is one of the few books about the recent crisis that gets it right.