Real World Banking and Finance

Edited by Doug Orr, Alejandro Reuss, Chris Sturr, and Marty Wolfson

real world banking cover
Edition:
7th
Date of publication:
November 2013
ISBN:
978-1-939402-10-3
Pages:
289
Price:
$34.95


  • Chapter 1: Money, The Federal Reserve, and the Economy
    • 1.1 What is Money? Doug Orr
    • 1.2 The "Bond Market" Versus the Rest of Us Doug Orr and Ellen Frank
    • 1.3 Should We Blame Fractional Reserve Banking? Arthur MacEwan
    • 1.4 Pushing on Strings Gerald Friedman
    • 1.5 Fed Up Rob Larson
    • 1.6 Libor Liability Max Fraad-Wolff
    • 1.7 The EU and the Eurozone The Dollars & Sense Collective
  • Chapter 2: The Banking and Finance Industry
    • 2.1 Financialization: A Primer Ramaa Vasudevan
    • 2.2 Not Too Big Enough Rob Larson
    • 2.3 Big-Bank Immunity: When Will We Crack Down? Dean Baker
    • 2.4 Vultures in the E.R. Nicole Aschoff
    • 2.5 Private Equity Exposed Orlando Segura, Jr.
    • 2.6 Hedge Funds Arthur MacEwan
    • 2.7 A Dirty Job No One Should Do John Miller
    • 2.8 What Were the Bankers Thinking? Arthur MacEwan
    • 2.9 Ethics for Economists: It's About Time! Gerald Epstein and Jessica Carrick-Hagenbarth
  • Chapter 3: Financial Markets
    • 3.1 The Great Stock Illusion Ellen Frank
    • 3.2 From Tulips to Mortgage-Backed Securities Gerald Friedman
    • 3.3 Stock Volatility Ellen Frank
    • 3.4 Pressure from the Bond Market Arthur MacEwan
    • 3.5 Dow’s Rebound after Recession Inconsequential for Most Americans Sylvia Allegretto
    • 3.6 How Have Banks Managed to Repay the Bailout? Arthur MacEwan
    • 3.7 The Stock-Market Casino Doug Orr
    • 3.8 Transaction Tax: Sand in the Wheels, Not in the Face John Miller
  • Chapter 4: Mortgages, Consumer Credit, and Predatory Lending
    • 4.1 America’s Growing Fringe Economy Howard Karger
    • 4.2 Three Million Americans Are Debt Poor Steven Pressman and Robert Scott
    • 4.3 The Homeownership Myth Howard Karger
    • 4.4 A Primer on the Housing Market Doug Orr
    • 4.5 The Great Recession in Black Wealth Jeannette Wicks-Lim
    • 4.6 Whose Housing Recovery? Darwin BondGraham
    • 4.7 Update on Mortgage Lending Discrimination Jim Campen
    • 4.8 Ponzi Schemes and Speculative Bubbles Arthur MacEwan
    • 4.9 Securitization, the Bubble, and the Crisis Arthur MacEwan
    • 4.10 Student Loan Debt by the Numbers Molly Cusano and Zachary Santamaria
  • Chapter 5: The Financial Crisis
    • 5.1 The Greed Fallacy Arthur MacEwan
    • 5.2 Crisis and Neoliberal Capitalism David Kotz
    • 5.3 Inexcusable: “Dr. Phil’s” Financial Recession John Miller
    • 5.4 Understanding the Financial Crisis of 2008 Marty Wolfson
    • 5.5 The Bailout of Fannie Mae and Frveddie Mac Fred Moseley
    • 5.6 The Bailouts Revisited Marty Wolfson
    • 5.7 The Sad Future of Banking William K. Black
    • 5.8 We Are All Minskyites Now Robert Pollin
    • 5.9 Greece and the Eurozone Crisis by the Numbers Gerald Friedman
  • Chapter 6: Retirement Finance
    • 6.1 Social Security Q & A: Separating Fact from Fiction Doug Orr
    • 6.2 African Americans and Social Security William E. Spriggs
    • 6.3 Why We Need Universal Pensions Katherine Sciacchitano
    • 6.4 Detroit’s Bankruptcy Crisis: Pensions in the Balance Katherine Sciacchitano
    • 6.5 Moody’s Gets Faddish on Public Pensions Dean Baker
    • 6.6 What Happened to Defined-Benefit Pensions? Arthur MacEwan
    • 6.7 The Case for Social Wealth Ellen Frank
  • Chapter 7: The International Financial System
    • 7.1 The Giant Pool of Money Arthur MacEwan
    • 7.2 W(h)ither the Dollar? Katherine Sciacchitano
    • 7.3 U.S. Banks and the Dirty Money Empires James Petras
    • 7.4 Why the U.S. is Not Greece John Miller and Katherine Sciacchitano
    • 7.5 Is China’s Currency Manipulation Hurting the U.S.? Arthur MacEwan
    • 7.6 China’s Development Banks Go Global Kevin Gallagher
    • 7.7 Microcredit and Women’s Poverty Susan F. Feiner and Drucilla K. Barker
  • Chapter 8: Resistance and Alternatives
    • 8.1 Transforming the Fed Robert Pollin
    • 8.2 Righting Underwater Mortgages Dean Baker
    • 8.3 The Community Reinvestment Act: A Law that Works Jim Campen
    • 8.4 How to Take on the Card Sharks—And Win! Jim Campen
    • 8.5 Time for Permanent Nationalization! Fred Moseley
    • 8.6 Labor’s Capital Adria Scharf
    • 8.7 Financing the New Economy Abby Scher
    • 8.8 The Return of Capital Controls Armagan Gezici
    • 8.9 Greece and the Crisis of Europe: Which Way Out? Marjolein van der Veen
  • Contributors