Jan

9

In the appendix of Irving Sprague's Bailout, Sprague lists all FDIC bailouts up to Continental Illinois by size. Continental Illinois was the largest rescue at only $41 billion. Second largest was First Penn at $8.4 billion. Bank of the Commonwealth, near Detroit (a chapter about the shady dealers of that bank's ownership) required only $1.2 billion in 1972. Bailint out Farmers Bank of the State of Delaware cost $360 million in 1976. No other bailouts are tabulated, although 7 other kinds of action (assisted mergers and payoffs) are tabulated.The minimum size of a G-SIFI today is $100 billion.


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2 Comments so far

  1. Andre Wallin on January 9, 2019 8:39 am

    Seems like the lefts answer to trump is to be more left. Socialists are coming to power. Anericans love drama and polarization they’ll vote far left just for the excitement of it.

  2. Joseph Knoth on January 15, 2019 8:08 pm

    I was trying to get a copy of Victor Neiderhoffer’s paper The Analysis of World Events and Stock Prices (1971)

    If anyone has a copy I would be very appreciative if I could get a copy emailed to me. I am studying Victor’s work.

    Thank you,
    Joe Knoth

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