02911cam a2200421 i 4500 119640 20230410115701.0 130930s2013 nyua b 001 0 eng 17903727 2013039104 9781591845782 (hardback) DLC eng DLC rda Eng pcc n-us--- HG 2491 B783g 2013 332.10973 BUS004000 BUS069000 BUS022000 bisacsh Bove, Richard X. Guardians of prosperity : why America needs big banks / Richard X. Bove. New York, New York : Portfolio / Penguin, 2013. viii, 280 pages : illustrations ; 24 cm text rdacontent unmediated rdamedia volume rdacarrier "Since the financial crisis, amid outrage at the likes of Citigroup and JPMorganChase and Washington's rejiggering of the financial system, the banking industry has had one major defender: Richard X. Bove. Now he explains why big banks are the nation's lifeline to success, and why financial disaster will ensue if we make it impossible for them to fill their role in the economy. Bove argues that big banks are necessary to ensure America's position in global finance; to assist corporations in achieving their goals against foreign competition; and, most importantly, to defend the average household's access to financial services. Limiting the major banks, he shows, is an attack on our future growth. Bove offers ways to improve the economy's stability, including allowing some banks to be "too big to fail" and lessening the demand on liquidity so they won't need to sell existing loans. His main argument, that we need to stop fighting our greatest guardians of prosperity, is sure to be controversial"-- Provided by publisher. Includes bibliographical references (pages 249-270) and index. Jackson's folly -- Taming America's banking culture -- The modern boom and bust -- Rescue : an emergency in banking -- Populism unleashed -- Banks : what works, what doesn't -- Capital is not king -- The consumer scam -- The mortgage chokehold -- Barriers to entry -- U.S. dominance in peril -- Stop undermining the banks -- Bold prescriptions -- The return of the charging bull. Banks and banking United States. United States Economic conditions 2009- Financial crises United States. BUSINESS & ECONOMICS / Banks & Banking. bisacsh BUSINESS & ECONOMICS / Economics / General. bisacsh BUSINESS & ECONOMICS / Economic Conditions. bisacsh Cover image ftp://ppftpuser:welcome@ftp01.penguingroup.com/Booksellers and Media/Covers/2008_2009_New_Covers/9781591845782.jpg lcc bk dpf 46005 46005 0 0 lcc 0 0 CS BJB BJB CS 2023-04-10 1 0 HG 2491 B783g 2013 00000112044 2018-10-24 00:00:00 1 2018-10-24 bk