Table of Contents
Introduction 7
1 The Bank Bailout Prevented Global Economic Collapse Fareed Zakaria 12
2 The Bank Bailout Failed to Make Wall Street Accountable Monika Bauerlein Clara Jeffery 16
3 Repaid Bailout Debt Has Not Benefited Taxpayers Howard Rich 20
4 The Bank Bailout Failed to Achieve Its Broader Goals Neil M. Barofsky 24
5 Bailing Out the Big Banks Was Unfair to Smaller Banks Frank Lucas 29
6 Repealing Commercial and Investment Banking Separation Led to the Bailout Thomas Frank 33
7 Political and Not Economic Concerns Motivated Bank Bailout Legislation Jim F. Couch Mark D. Foster Keith Malone David L. Black 37
8 The Big Bank Model Must Change to Avoid Future Bailouts Mitchell Schnurman 48
9 Sound Big Bank Business Practices Explain the Financial Bailout's Success Daniel Indiviglio 52
10 Shadow Banking Practices Must Be Regulated to Prevent Future Crises Stephen Spruiell Kevin D. Williamson 55
11 Regulation Will Not Prevent Future Bailouts William Poole 63
12 Temporarily Nationalizing Banks Would Punish Their Risky Behavior Joseph E. Stiglitz 74
13 The Tough Requirements of the Auto Industry Bailout Saved Many Jobs Jonathan Cohn 84
14 The Long-Term Costs of the Auto Industry Bailout Are Significant David Skeel 89
15 Government-Sponsored Mortgage Enterprise Bailouts Benefit Homeowners Daniel Gross 94
16 Government-Sponsored Mortgage Enterprise Bailouts Penalize Taxpayers Adam Berkland 99
Organizations to Contact 103
Bibliography 109
Index 115
