Profs. Baird, Henderson & Picker
University of Chicago Law School
Winter, 2009
1. Roosevelt’s First
Inaugural Speech, Mar 4, 1933 (text;
better: audio)
2. Bernanke, Nonmonetary
Effects of the Financial Crisis in the Propagation of the Great Depression
4. C. Lowell Harriss, History and Policies of the Home Owners’ Loan
Corporation, NBER, 1951 (Summary
and background)
6. Time Magazine, August
20, 1979
7.
Chrysler Corporation Loan Guarantee Act of 1979 (P.L. 96-185)
8. James M. Bickley,
Congressional Research Service, December 8, 2008
9. James K. Hickel, Heritage Foundation, July 13,
1983
10. Brian M. Freeman
& A.I. Mendelowitz, Program in Search of a
Policy: The Chrysler Loan Guarantee, J Policy Analysis Mgmt (Summer, 1982)
11.
Robert B. Reich, Bailout:
A Comparative Study in Law and Industrial Structure, Yale J. on Reg., 1984 (Hein
Online)
12. CBO, Estimating
the Value of Subsidies for Federal Loans and Loan Guaranties, August,
2004
Senate Banking Committee Submissions, December 2, 2008
14. General Motors (Document; Cover letter)
15. Chrysler (Document; appendix; cover letter)
16. GAO Auto Industry Framework
TARP Auto Bailout, Dec 19, 2008 (press release)
17. Paulsen Statement
TARP Investment in GMAC, Dec 29, 2008
19. Press release with links to underlying documents
20. Caron, Chapter 1 (online)
21. The S&L Crisis: A Chrono-Bibliography, http://www.fdic.gov/bank/historical/s&l/index.html
22. Steven Pressman, “Behind the
S&L Crisis,” Editorial Research Reports, Nov. 4, 1988
23. Barbara Rudolph,
“Special Report: The Savings and Loan Crisis,” Time Magazine, Feb. 20, 1989 http://www.time.com/time/printout/0,8816,957083,00.html
24. Bert Ely, “The Concise Encyclopedia
of Economics: Savings and Loan Crisis,” http://www.econlib.org/library/Enc/SavingsandLoanCrisis.html
25. Arthur J. Rolnick,
“The S&L Crisis: Bad People or Bad Policy?,” FedGazette,
The Federal Reserve Bank of Minneapolis, Sept. 1990 http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3090
26. Barth, James R. and Michael
R. Bradley, Thrift Deregulation and Federal Deposit Insurance , Working Paper
No. 150, Washington, DC: Federal Home Loan Bank Board, 1988. (PDF)
27. Larry Light & Lisa
Sanders, Is the S&L Crisis Eternal?, Business Week, Dec. 2, 1996 http://www.businessweek.com/archives/1996/b3504064.arc.htm
28. US v. Winstar,
518 US 839 (1996) (read
pages 843-60)
29. Timothy Curry & Lynn
Shibut, The Cost of the Savings and Loan Crisis:
Truth and Consequences, FDIC Banking Review www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf
30. Fortune 1990 (online)
31. Damian Paletta & David Enrich, “FDIC Employs Tool Used for
S&L Crisis,” Wall St. Journal, Jan. 2, 2009 http://www.secondmarket.com/press/FDIC-Employs-Tool-Used-for-S&L-Crisis.html
32. Chris Suellentrop, “Is John McCain a Crook,” Slate, Feb. 18,
2000, http://www.slate.com/id/1004633/
33. Michael Lewis, The
End, Portfolio Magazine, December, 2008
34. Niall Ferguson, Wall
Street Lays Another Egg, Vanity Fair, December, 2008
35. Rescuing Our
Jobs and Savings: What G7/8 Leaders Can Do to Solve the Global Credit Crisis
36. Original Draft
of Paulsen Bill (New York Times, Sept. 21, 2008)
37. Emergency Economic Stabilization Act
of 2008 (P.L. 110-343, Oct. 3, 2008) (Just Title I of Division A)
38. U.S. Treasury Report
on EESA, Dec 5, 2008
39. U.S. Treasury Report
on EESA, Jan 6, 2009
40. Green & Wachter, “The American Mortgage in Historical and
International Context,”: http://repository.upenn.edu/cgi/viewcontent.cgi?article=1000&context=penniur_papers
41. Chapters 2, 6 & 7
(only) in Peter J. Wallison
& Bert Ely, Nationalizing Mortgage Risk: The Growth of Fannie Mae and
Freddie Mac, AEI Press (2000): www.aei.org/docLib/20021130_71465.pdf
42. Frame & White, “Competition for
Fannie Mae and Freddie Mac?”: www.cato.org/pubs/regulation/regv27n3/v27n3-7.pdf
43. Jaffee, “Reining in Fannie Mae
and Freddie Mac”: www.cato.org/pubs/regulation/regv29n3/v29n3-3.pdf
44. Summary of the “Housing and Economic
Recover Act of 2008”: http://banking.senate.gov/public/_files/HousingandEconomicRecoveryActSummary.pdf
45. Duhigg, “Pressured to Take More Risk, Fannie Reached
Tipping Point”: http://www.nytimes.com/2008/10/05/business/05fannie.html
46. Bajaj & Leonhardt,
“Tax Break May Have Helped Cause Housing Bubble”: http://www.nytimes.com/2008/12/19/business/19tax.html
47. Becker, Stolberg, and Labaton, “White House Philosophy Stoked Mortgage Bonfire”: http://www.nytimes.com/2008/12/21/business/21admin.html
48. Landler, “Chinese
Savings Helped Inflate American Bubble”: http://www.nytimes.com/2008/12/26/world/asia/26addiction.html
49. Goodman & Morgenson,
“Saying Yes, WaMu Built Empire on Shaky Loans”: http://www.nytimes.com/2008/12/28/business/28wamu.html
50. Remarks by Treasury
Secretary Henry M. Paulson, Jr. on the Role of the GSEs in Supporting the Housing
Recovery before the Economic Club of Washington: http://www.treas.gov/press/releases/hp1345.htm
51. McLean, “Fannie Mae’s
Last Stand”: http://www.vanityfair.com/politics/features/2009/02/fannie-and-freddie200902?printable=true¤tPage=all
52. Woodward
& Hall, “What to do about Fannie Mae and Freddie Mac?”: http://woodwardhall.wordpress.com/2009/01/28/what-to-do-about-fannie-mae-and-freddie-mac/
53. Raghuram G. Rajan, Has Financial
Development Made the World Riskier?, Sept, 2005
54. Douglas
W. Diamond & Raghuram G. Rajan,
The Credit
Crisis: Conjectures about Causes and Remedies
55. John B.
Taylor, How Government
Created the Financial Crisis, WSJ, Feb 9, 2009
56. Christina
Romer & Jared Bernstein, The Job Impact
of the American Recovery and Reinvestment Plan, Jan 9, 2009
57. Mark Zandi, The Economic
Impact of the American Recovery and Reinvestment Act, Jan 21, 2009
58. Gary S.
Becker & Kevin M. Murphy, There’s No Stimulus Free
Lunch, WSJ, Feb 10, 2009
59. Kevin
M. Murphy, Evaluating
the Fiscal Stimulus, Jan 16, 2009
60. Treasury
Secretary Timothy Geitner, Introducing the
Financial Stability Plan, Feb 10, 2009
61. Financial
Stability Plan Fact
Sheet, Feb 10, 2009