Borrow it
Coverart for item
The Resource Borrowed time : two centuries of booms, busts, and bailouts at Citi, James Freeman and Vern McKinley

Borrowed time : two centuries of booms, busts, and bailouts at Citi, James Freeman and Vern McKinley

Creator
Author
Contributor
Summary
"The alarming, untold story of Citigroup--one of the largest financial institutions in the world--from its founding in 1812 to its role in the 2008 financial crisis, and the many near-death experiences in between. During the 2008 financial crisis, we were told that Citi was a victim of events beyond its control--the larger financial panic, unforeseen economic disruptions and a perfect storm of credit expansion and private greed. To save the economy and keep the bank afloat, the government provided huge infusions of cash through multiple bailouts that frustrated and angered the American public. But, as Wall Street Journal writer James Freeman and financial expert Vern McKinley reveal, the 2008 crisis was just one of many disasters Citi has experienced since its founding more than two hundred years ago. In Borrowed Time they reveal Citi's disturbing history of instability and government support. It's a story that neither Citi nor Washington wants told. Citi has long been tied to the federal government in a relationship that has benefited both. From its earliest years, its well-connected leadership--most of its initial stockholders had owned stock in the Bank of the United States--took massive risks that led to crisis. But thanks to a rescue by private investors, including John Jacob Astor, the bank survived throughout the nineteenth century. This is just the tip of the iceberg. The scale of the financial panic of 2008 was hardly unprecedented. As Borrowed Time shows, crisis and outright disasters have been surprisingly common during the century of government-protected banking--especially at Citi." -- From Amazon summary
Language
eng
Work
Publication
Edition
First edition.
Extent
xiv, 365 pages
Contents
  • A bank for the Treasury Secretary
  • When failure was allowed (because government wasn't big enough to help)
  • City of instability
  • Astor to the rescue
  • Taylor's bank in an age of panics
  • The Rockefeller bank
  • A political "big shot"
  • A City Banker helps create the Fed
  • "Our friendly monster" goes global
  • "Sunshine Charlie" doubles down on sugar
  • Mitchell and the mania
  • Did City Bank cause the crash?
  • Bank for the United States
  • Walter Wriston and the culture of risk
  • Not that big, but too big to fail?
  • When countries fail
  • The banker who "never made a loan"
  • Just another perfect storm
  • Creating the next crisis
  • The man who knew too little
  • "Save Citigroup at all costs"
  • Epilogue
Isbn
9780062669872
Instance
Label
Borrowed time : two centuries of booms, busts, and bailouts at Citi
Title
Borrowed time
Title remainder
two centuries of booms, busts, and bailouts at Citi
Statement of responsibility
James Freeman and Vern McKinley
Creator
Contributor
Author
Subject
Language
eng
Summary
"The alarming, untold story of Citigroup--one of the largest financial institutions in the world--from its founding in 1812 to its role in the 2008 financial crisis, and the many near-death experiences in between. During the 2008 financial crisis, we were told that Citi was a victim of events beyond its control--the larger financial panic, unforeseen economic disruptions and a perfect storm of credit expansion and private greed. To save the economy and keep the bank afloat, the government provided huge infusions of cash through multiple bailouts that frustrated and angered the American public. But, as Wall Street Journal writer James Freeman and financial expert Vern McKinley reveal, the 2008 crisis was just one of many disasters Citi has experienced since its founding more than two hundred years ago. In Borrowed Time they reveal Citi's disturbing history of instability and government support. It's a story that neither Citi nor Washington wants told. Citi has long been tied to the federal government in a relationship that has benefited both. From its earliest years, its well-connected leadership--most of its initial stockholders had owned stock in the Bank of the United States--took massive risks that led to crisis. But thanks to a rescue by private investors, including John Jacob Astor, the bank survived throughout the nineteenth century. This is just the tip of the iceberg. The scale of the financial panic of 2008 was hardly unprecedented. As Borrowed Time shows, crisis and outright disasters have been surprisingly common during the century of government-protected banking--especially at Citi." -- From Amazon summary
Tone
http://library.link/vocab/ext/novelist/bookUI
10691880
Cataloging source
DLC
http://library.link/vocab/creatorName
Freeman, James
Dewey number
332.10973
Illustrations
illustrations
Index
index present
LC call number
HG2613.N54
LC item number
C72245 2018
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
McKinley, Vern
http://library.link/vocab/resourcePreferred
True
http://library.link/vocab/subjectName
  • Citigroup (Firm)
  • Citigroup (Firm)
  • Banks and banking
  • Bank failures
  • Bailouts (Government policy)
  • Financial crises
  • Bailouts (Government policy)
  • Banks and banking
  • Financial crises
  • United States
  • BUSINESS & ECONOMICS / Banks & Banking
  • BUSINESS & ECONOMICS / Corporate & Business History
  • BUSINESS & ECONOMICS / Economic History
http://bibfra.me/vocab/lite/titleRemainder
Citi, moral hazard, and the too-big-to-fail myth
Label
Borrowed time : two centuries of booms, busts, and bailouts at Citi, James Freeman and Vern McKinley
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
A bank for the Treasury Secretary -- When failure was allowed (because government wasn't big enough to help) -- City of instability -- Astor to the rescue -- Taylor's bank in an age of panics -- The Rockefeller bank -- A political "big shot" -- A City Banker helps create the Fed -- "Our friendly monster" goes global -- "Sunshine Charlie" doubles down on sugar -- Mitchell and the mania -- Did City Bank cause the crash? -- Bank for the United States -- Walter Wriston and the culture of risk -- Not that big, but too big to fail? -- When countries fail -- The banker who "never made a loan" -- Just another perfect storm -- Creating the next crisis -- The man who knew too little -- "Save Citigroup at all costs" -- Epilogue
Control code
on1028607879
Dimensions
24 cm
Edition
First edition.
Extent
xiv, 365 pages
Isbn
9780062669872
Lccn
2018009514
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1028607879
Label
Borrowed time : two centuries of booms, busts, and bailouts at Citi, James Freeman and Vern McKinley
Publication
Copyright
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
A bank for the Treasury Secretary -- When failure was allowed (because government wasn't big enough to help) -- City of instability -- Astor to the rescue -- Taylor's bank in an age of panics -- The Rockefeller bank -- A political "big shot" -- A City Banker helps create the Fed -- "Our friendly monster" goes global -- "Sunshine Charlie" doubles down on sugar -- Mitchell and the mania -- Did City Bank cause the crash? -- Bank for the United States -- Walter Wriston and the culture of risk -- Not that big, but too big to fail? -- When countries fail -- The banker who "never made a loan" -- Just another perfect storm -- Creating the next crisis -- The man who knew too little -- "Save Citigroup at all costs" -- Epilogue
Control code
on1028607879
Dimensions
24 cm
Edition
First edition.
Extent
xiv, 365 pages
Isbn
9780062669872
Lccn
2018009514
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1028607879

Subject

Library Locations

    • Spicewood Springs BranchBorrow it
      8637 Spicewood Springs Rd., Austin, TX, 78759, US
      30.4337083 -97.7730809

Library Links

Structured data from the Bibframe namespace is licensed under the Creative Commons Attribution 4.0 International License by Austin Public Library. Additional terms may apply to data associated with third party namespaces.