Senseless Panic: How Washington Failed America

by William M. Isaac

Book Overview

The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the agricultural sector, a bubble burst in the energy sector, a rolling real estate recession swept the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed,...

• Format: Hardcover
• Language: English
• ISBN: 0470640367
• ISBN13: 9780470640364
• Release Date: June 2010
• Publisher: Wiley
• Length: 208 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.9" x 6.4" x 9.3"