Bailout Nation (52 page)

Read Bailout Nation Online

Authors: Barry Ritholtz

BOOK: Bailout Nation
2.85Mb size Format: txt, pdf, ePub
performance of
Junk bonds
Kass, Doug
Kelleher, Colin
Kohlberg Kravis Roberts & Co.
Korean War, cost of
Kroszner, Randall S.
Krugman, Paul
Kuwait, invasion of
Labor unions:
economic impact of
United Auto Workers (UAW)
Lang, Richard
Layoffs
Lazard Freres
Leadership, lack of
Legislation:
Agricultural Adjustment Act (AAA)
Commodity Futures Modernization Act (CFMA)
Communications Act of 1934
Digital Millennium Copyright Act
Emergency Economic Stabilization Act
Emergency Loan Guarantee Act
Equal Credit Opportunity Act of 1974
Fair Housing Act of 1968
Federal Emergency Relief Act (FERA)
Financial Services Modernization Act
Glass-Steagall Act
Gramm-Leach-Bliley Act. 138, 213, 235, 237
Home Mortgage Disclosure Act of 1975
Home Owner's Act of 1933 (HOLA)
National Banking Act
National Currency Act
National Industrial Recovery Act (NIRA)
New Deal
Patriot Act
Rail Passenger Service Act
Regional Rail Reorganization Act of 1973
Sarbanes-Oxley
Securities Exchange Act
Securities Litigation Reform Act of 1995
Social Security Act
TARP,
see
Troubled Assets Relief Program (TARP)
Tax Relief Act of 2001
Telecommunications Reform Act of 1996
Wagner Act
Lehman Brothers:
acquisition by Barclays
failure of
Lending standards
“Lend to securitize,”
Lenzner, Robert
Leverage
Leveraged buyouts
Levitt, Arthur
Lewis, Kenneth
Liability
Liar loan
Liddy, Edward
Life insurance
Lincoln, Abraham
Lines of credit.
See
Credit lines
Liquidation
Liquidity
Literature review:
Bad Money
(Phillips)
Big Bets GoneBad
(Jorion)
Black Monday
(Metz)
Black Swan: The Impact of the Highly Improbable, The
(Taleb)
Creature from Jekyll Island, The
(Griffin)
Financial Armageddon
(Panzer)
History and Policies of the Home Owner's Loan Corporation
(Harriss)
Nation of Counterfeiters, A
(Mihm)
Panic of 1907
(Bruner/Carr)
Pop! Why Bubbles Are Great for the Economy
(Gross)
Subprime Mortgages
:
America's Latest Boom and Bust
(Gramlich)
When Genius Failed
(Lowenstein)
Lloyds Banking Group
Loan(s):
guarantees
modification
originators of,
see
Loan originators
Loan originators:
blame/responsibility of
nondepository
roles of
traditional depository banks
Loan processing software
Loan-to-value (LTV) ratio
Lockheed Aircraft Corporation
Lone Star
Long Term Capital Management (LTCM)
Losses:
during Great Depression
socialized
Louisiana Purchase, cost of
Low-grade corporate bonds
Low-interest-rate loans
Mack, John
Macroeconomics
Madoff, Bernie
Maestro.
See
Greenspan, Alan
Manhattan Project, for energy technology
Manufacturing industry/sector
Margin:
applications
requirements
Market, generally:
bottoms
bubbles
capitalization
correction
downturns
failure,
see
Market failure
manipulation
rallies
recovery
values
whisperers
Market-driven events
Market failure:
deregulation and nonfeasance
legislative policy
moral hazard
subprime mortgages
Markopolos, Harry
Mark to make-believe
Mark to market
Marshall Plan, cost of
Matthews, Steve
Mauldin, John
MBIA Insurance Corporation
MBNA
McCain, John
McClatchy Company
McDonough, William J.
McGuire, Thomas
Medicaid/Medicare
Meltzer, Allan
Mercedes-Benz
Mergers and acquisitions (M&As).
See also specific acquisitions and mergers
Meritocracy
Meriwether, John
Merkel, David
Merrill Lynch
Merton, Robert
Metz, Tim
Mexico:
economic conditions
peso crisis
Microsoft
Microstrategy
Military spending.
See also
Lockheed Aircraft Corporation
Minor ownership
Mismanagement, economic impact of
“Mission creep,”
Modern finance
Moffett, David
Moglia, Joe
Momentum
Momeny Market Investor Funding Facility (MMIFF)
M1 money supply, currency components
Monetary policy
Monetary system, historical
Money flow
Money management
Money market funds
Money supply
Monolines
Montier, James
Moody's Investor Service
Moral hazard
Morgan Stanley
Morgenson, Gretchen
Morse, Samuel F. B.
Mortgage-backed bonds
Mortgage-backed securities (MBSs) 109-110
Mortgage Bankers Association (MBA)
Mortgage brokers:
blame/responsibility of
roles of
Mortgage equity withdrawals (MEWs)
Mortgage fraud
Mortgage interest deduction
Mortgage loan:
approval for
default on,
see
Foreclosure
documentation requirements
historical perspectives
refinancing
repackaged
types of
Mortgage originators.
See
Loan originators
Motive, short-term.
See also
Profit motive
Mozilo, Angelo
M3 money supply
Mudd, Daniel
Municipal bond:
insurance
market
Munitions industry
Mutual funds
Mutually assured destruction (MAD)
Naked shorting
Nanotechnology
NASA, cost of
NASDAQ
NASDAQ Composite
National Banking Act
National Bureau of Economic Research (NBER)
National chartered banks
National City
National Currency Act
National health insurance
National Industrial Recovery Act (NIRA)
Nationalization.
See also
Bush Administration
National Labor Relations Board (NLRB)
Nationally recognized statistical rating organizations (NRSROs)
National Monetary Commission
National Recovery Administration (NRA)
National reserve system
National Youth Administration (NYA)
Natural disasters, economic impact of
Naughty Child Index
Net capital rules
Net Portfolio Maiden Lane LLC
Netscape
New Century Financial Corporation
New Deal:
components of
cost of
public acceptance of
New Economy
New products/product lines
New York Federal Bank
New York Federal Reserve Bank
New York Mercantile Exchange (NYMEX)
New York Stock Exchange (NYSE)
Nifty Fifty stocks
NINJA loans
Nixon, Richard
Nixon Administration
No-doc (no-documentation) loans
No-money down mortgages
No-money-down, no-income-check mortgages
Nomura Securities
Nondepository mortgage originators
Non-farm payroll reports
Nonfeasance
Notional value
Nuclear energy facilities
Obama, Barack:
advice for
economic recovery strategies
national health insurance
Obama Administration.
See
Geithner, Jim; Paulson, Henry (Hank)
Off-balance-sheet accounting
Office of Federal Housing Enterprise Oversight (OFHEO)
Office of the Comptroller of the Currency (OCC)
Office of Thrift Supervision (OTS)
Oil embargo
Oil prices, economic impact of
O'Neal, Stan
Open market operations
Operating capital
Operating income
Options trading.
See also
Greenspan put; Put options
Oracle
Overcompensation
Overinvestment
Overleverage.
See also
Bear Stearns
Overpriced housing
Oversold market
Over-the-counter (OTC) derivative contracts
Overvalued stocks
Packard, David
Pandit, Vikram
Panic of 1907
Panics, financial
Panzner, Michael
Paradigm shift
Parry, Richard T.
Partnoy, Frank
Patriot Act
Paulson, Henry (Hank)
Penn Central
Penn Central Railroad
Pension funds
Personal liability issues.
See also
Liability
Pickard, Lee A.
Piggyback loans
PIMCO
Pitt, Harvey
Plain vanilla loans
Plunge Protection Team (PPT)
Political philosophy, impact of.
See also
Democratic Party ideology; Republican Party
Ponzi schemes.
See also
Madoff, Bernie
Poole, William
Portfolio insurance
Posen, Adam S.
Post-bailout nation:
blame
casino capitalism
foreclosure virtues
misplaced fault
Preannouncement season
Pre-bailout nation ,1860-1942
Predatory borrowing
Predatory lending
Preferred equity
Preferred stock
President's Working Group (PWG) on Financial Markets
Press releases, market impact of
Price, generally:
competition
housing,
see
Housing prices
spreads
stability
Price-earnings (P/E) ratio
Price-to-rent ratio
Primary Dealer and Others (PDCF)
Prince, Chuck
Private banks, development of
Private capital
Private equity
Private partnerships
Private sector
Private trusts
Privatized gain
Profitability
Profit margin
Profit motive
Property taxes
Proxmire, William
Psychological impact.
See also
Investor psychology
Public-Private Investment Program (PPIP)
Public Works Administration (PWA)
Put options
Quaintance, Lee
Qualcomm
Rabobank
Radical ideology
Rail Passenger Service Act (RPSA)
Railroad bonds
Railroad industry.
See also
Amtrak; Penn Central Railroad
Raines, Frank
Rambus
Rate-driven economy
Rate of return
Ratigan, Dylan
Rating agencies
Rational exuberance
Rationalization, in prototypical bailout
Reagan, Ronald
Real estate agents
Real estate market:
boom and bust
bubbles
improvement strategies
influential factors
nature of
RealtyTrac
Receiverships
Recessions:
characteristics of
global
of 1953-1954
of 1990-1991
of 2001
of 2007
recovery from
response to
Recklessness
Reconstruction Finance Corporation (RFC)
Reed, John
Referral fraud
Refinancing
Regional Rail Reorganization Act of 1973
Regulatory agencies/bodies
Renaissance Technology
Reorganization
Repackaged mortgages
Republican Party ideology
Rescue programs
Research in Motion
Reserve requirements
Residential mortgages (RMBSs)
Responsibility.
See also
Blame
Return on investment (ROI)
Reverse amortization
Risk-averse banks
Risk capital, allocation of
Risk controls, lack of
Risk event

Other books

Sweet Dreams by Massimo Gramellini
The Dark Library by JJ Argus
Sisters of Grass by Theresa Kishkan
Undead Freaks by Jesse Bastide
At the Stroke of Midnight by Lanette Curington