Banking Bailout Law : A Comparative Study of the United States, United Kingdom and the European Union

Cover -- Half Title -- Series -- Title -- Copyright -- Dedication -- Contents -- List of tables -- Table of abbreviations -- Foreword -- Acknowledgements -- Introduction -- I The ambivalent nature of bailouts -- II Bank bailouts and sovereign indebtedness -- III Bailout policy approaches -- Part 1 Comparative analysis and systematization of bank bailouts in the selected jurisdictions -- 1.1 Introduction -- 1.1.1 The method of systematization of bailouts -- 1.1.2 The measure of success in the case of bank bailouts -- 1.2 A systematization of bank bailouts -- 1.2.1 Equity versus bond-based bank bailouts-an essential US-EU difference -- 1.2.2 International, supranational, private versus public bank bailouts -- 1.2.3 A purpose-based systematization -- 1.2.3.1 Economic efficiency-based or illiquidity-related bank bailouts -- 1.2.3.2 Non-economic efficiency-based or politically motivated bank bailouts -- 1.2.3.2.1 Unavoidable bailout of state-controlled banks bailouts -- 1.2.3.2.2 Massive insolvency-induced bank bailouts -- 1.2.3.2.3 Unjustifiable or disqualifying bank bailouts -- 1.2.4 A method-based systematization -- 1.2.4.1 Monetary policy, fiscal policy and economic policy-related methods -- 1.2.4.2 Bank bailout methods tested through the lens of the Bagehot Dictum -- 1.2.4.3 Individual bank bailouts and system-wide bank bailout schemes -- 1.3 A catalogue and assessment of bank bailout cases -- 1.3.1 The United States-a comprehensive and diverse bailout response -- 1.3.1.1 Fannie Mae and Freddie Mac-nationalization of the US mortgage finance market -- 1.3.1.2 Bear Stearns-central bank-facilitated private bailout -- 1.3.1.3 The AIG bailout-de facto nationalization of the principal US mortgage insurer -- 1.3.1.4 The Temporary Liquidity Guarantee Program of the FDIC -- 1.3.1.5 The commercial paper funding facility of the Federal Reserve.