Bailout Nation

Foreword
Acknowledgments
Introduction Bailout Nation

PART I A BRIEF HISTORY OF BAILOUTS
1 A Brief History of Bailouts
2 The Creation of the Federal Reserve, and Its Role in Creating Our Bailout Nation
3 Pre-Bailout Nation (1860–1942)
4 Industrial-Era Bailouts (1971–1995)
Intermezzo A Pattern Emerges'

PART II THE MODERN ERA OF BAILOUTS
5 Stock Market Bailouts (1987-1995)
6 The Irrational Exuberance Era (1996-1999)
7 The Tech Wreck (2000-2003)
8 The Backwards, Rate-Driven Economy
Intermezzo A Brief History of Finance and Credit'
9 The Mad Scramble for Yield

PART III MARKET FAILURE
10 The Machinery of Subprime
Intermezzo A Memo Found in the Street: Uncle Sam the Enabler
11 Radical Deregulation, Nonfeasance
12 Strange Connections, Unintended Consequences
13 Moral Hazard: Why Bailouts Cause Future Problems

PART IV BAILOUT NATION
14 2008: Suicide by Democracy
15 The Fall of Bear Stearns
16 Dot-Com Penis Envy
17 Year of the Bailout, Part I: The Notorious AIG
18 The Year of the Bailout, Part II: Too Big to Succeed?
Intermezzo Idiots Fiddle While Rome Burns

PART V POST-BAILOUT NATION
19 Casting Blame
20 Misplaced Fault
21 The Virtues of Foreclosure
22 Casino Capitalism

Postscript Advice to a New President
Notes
Index