This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.

Rochet constructs a model of the payment flows that allows him to capture in a simple fashion the propagation of financial crises in an environment where both liquidity shocks and solvency shocks affect financial intermediaries that fund long-term investments with demand deposits. Forbes...

This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.