Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles - Hardcover

Über die Autorin bzw. den Autor

JOHN F. BOVENZI is a Partner at Oliver Wyman, a management consulting firm. He served for more than twenty years in senior-level positions at the FDIC, the last ten as Deputy to the Chairman and Chief Operating Officer.

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Over 3,400 banks have failed since the early 1980s.These bank failures weren't steady, regular, or easily predictable. Periods of calm and tranquility have been followed by chaos. Booms have led to busts and peaceful complacency often has turned into sudden devastation.

Written by John Bovenzi—a longtime bank regulator at the Federal Deposit Insurance Corporation—Inside the FDIC offers a rare glimpse into this vital and frequently misunderstood regulatory agency. With his inside point of view, Bovenzi puts a human face on the causes and effects of financial crises. He draws on compelling personal stories that offer a perspective of the agency that is often absent from the financial-sector debates that play out on the airwaves and in the opinion pages. Bovenzi reveals how regulators grapple with complicated issues, trying to ensure that all parties are being treated fairly by our government. There are also accounts of individuals misusing the system to serve their personal interests.

Inside the FDIC clearly shows how the agency which had become almost invisible emerged as a major, highly independent force impacting U.S. financial markets. With candor and insight, Bovenzi explains how ten FDIC chairmen helped shape the FDIC and the U.S. financial regulatory system. He also reveals the gripping conflicts between the FDIC and other financial regulatory agencies that unfolded amid the pressures and challenges associated with bank failures and financial crises.

This book dives into the chaos surrounding bank failures to show firsthand what happens to those individuals and businesses caught in the storm. Bankers, financial professionals, and anyone concerned with the future of our economy will find Inside the FDIC proves the need for long-term strategies that can prevent future cycles of booms, busts, and bailouts.

Aus dem Klappentext

Over 3,400 banks have failed since the early 1980s.These bank failures weren't steady, regular, or easily predictable. Periods of calm and tranquility have been followed by chaos. Booms have led to busts and peaceful complacency often has turned into sudden devastation.

Written by John Bovenzi—a longtime bank regulator at the Federal Deposit Insurance Corporation—Inside the FDIC offers a rare glimpse into this vital and frequently misunderstood regulatory agency. With his inside point of view, Bovenzi puts a human face on the causes and effects of financial crises. He draws on compelling personal stories that offer a perspective of the agency that is often absent from the financial-sector debates that play out on the airwaves and in the opinion pages. Bovenzi reveals how regulators grapple with complicated issues, trying to ensure that all parties are being treated fairly by our government. There are also accounts of individuals misusing the system to serve their personal interests.

Inside the FDIC clearly shows how the agency which had become almost invisible emerged as a major, highly independent force impacting U.S. financial markets. With candor and insight, Bovenzi explains how ten FDIC chairmen helped shape the FDIC and the U.S. financial regulatory system. He also reveals the gripping conflicts between the FDIC and other financial regulatory agencies that unfolded amid the pressures and challenges associated with bank failures and financial crises.

This book dives into the chaos surrounding bank failures to show firsthand what happens to those individuals and businesses caught in the storm. Bankers, financial professionals, and anyone concerned with the future of our economy will find Inside the FDIC proves the need for long-term strategies that can prevent future cycles of booms, busts, and bailouts.