Bankruptcy Not Bailout Book Reviews
Bankruptcy Not Bailout by Kenneth E. Scott Book Summary
Fixing Dodd-Frank--a new proposal for bankruptcy law
The events of the last several years on Wall Street make a compelling case for comprehensive, fundamental reform in the oversight of financial firms. In Bankruptcy Not Bailout, a group of expert contributors show why, if a new addition to the bankruptcy laws--Chapter 14--were implemented along with other genuine reforms, the changes could strengthen the US financial system and provide the impetus the US economy needs to thrive once again.
The authors reveal the weaknesses in Dodd-Frank Title II, showing how the current law creates an elaborate, and potentially cumbersome, bureaucratic procedure for triggering seizure of a financial company--and tell why Chapter 14 could greatly improve that process, creating greater financial stability and reducing the likelihood of bailouts. They lay the groundwork for a return to a clearer, more rules-based oversight regime that relies more on real capital and true market forces and urge adoption of a Chapter 14 even were Dodd-Frank left untouched.
CONTRIBUTORS: Andrew Crockett, Darrell Duffie, Thomas H. Jackson, William F. Kroener III, Kenneth E. Scott, David A. Skeel, Kimberly Anne Summe, John B. Taylor, Kevin M. Warsh
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| Book Name | Bankruptcy Not Bailout |
| Genre | Business & Personal Finance |
| Author | Kenneth E. Scott |
| Published | 23 August 2012, Thursday |
| Language | English |
| E-Book Size | 956.66 KB |
Bankruptcy Not Bailout (Kenneth E. Scott) Book Reviews 2024
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Summary of Bankruptcy Not Bailout by Kenneth E. Scott
The Bankruptcy Not Bailout book written by Kenneth E. Scott was published on 23 August 2012, Thursday in the Business & Personal Finance category. A total of 64 readers of the book gave the book 0 points out of 5.
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