[DOWNLOAD] "Bankruptcy Or Bailouts?" by The Journal of Corporation Law # eBook PDF Kindle ePub Free

eBook details

Title: Bankruptcy Or Bailouts?
Author : The Journal of Corporation Law
Release Date : January 22, 2010
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 338 KB

Description

I. INTRODUCTION The onset of the current financial crisis brought with it an unprecedented intervention in financial markets by the Federal Reserve and the United States Treasury. Starting with the bailout of Bear Stearns in early 2008, these governmental bodies and their leaders were prominently involved in the negotiations and the ultimate resolution of each major non-bank financial institution that encountered financial distress. The government arranged outcomes on an ad-hoc basis, with varying degrees of taxpayer support. In the Bear Stearns case, taxpayer funds facilitated a merger. In the AIG case, the Federal Reserve made a substantial direct loan to the company. With Lehman Brothers, the government declined to offer any money, and the company ultimately filed for Chapter 11 bankruptcy.