TY - BOOK AU - Posner,Eric A. TI - Last resort: the financial crisis and the future of bailouts SN - 9780226420066 (cloth : alk. paper) AV - HB3722 .P666 2018 U1 - 338.5/430973 23 PY - 2018/// CY - Chicago, London PB - The University of Chicago Press KW - Financial crises KW - United States KW - Bailouts (Government policy) KW - Intervention (Federal government) KW - Global Financial Crisis, 2008-2009 N1 - Includes bibliographical references and index; The transformation of the financial system -- Crisis -- The lawfulness of the rescue -- The trial of AIG -- Fannie and Freddie -- The bankruptcies of General Motors and Chrysler -- Takings and government action in emergencies -- Politics and reform N2 - Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal angles.--Provided by publisher ER -