Synopses & Reviews
The book presents arguments against the taxpayers-funded bailing out of failed financial institutions, and puts forward suggestions to circumvent the TBTF problem, including some preventive measures. It ultimately argues that a failing financial institution should be allowed to fail without fearing an apocalyptic outcome.
About the Author
IMAD MOOSA is Professor of Finance at Monash University, Australia. Prior to becoming an academic, he was a professional economist and a financial journalist. Professor Moosa has published ten books and over 160 papers in international journals. He has served in a number of advisory positions, including as an economic advisor to the U.S. Treasury.
Table of Contents
The Doctrine of TBT
The History of TBTF and High-Profile Episodes
Far too Big and Politically Connected
The Obesity of the Financial Sector
Worthy of a Bailout: To be or Not to Be
Why too Big to Fail is Too Outrageous to Accept
Dealing with the Menace of TBTF
Forget about Basel II