Public Spirit in the Thrift Tragedy
eBook - PDF

Public Spirit in the Thrift Tragedy

  1. English
  2. PDF
  3. Only available on web
eBook - PDF

Public Spirit in the Thrift Tragedy

Book details
Table of contents
Citations

About This Book

Winner of the Harold Lasswell Award of the American Political Science Association The FSFIC failed spectacularly during the 1980s, costing taxpayers an estimated $200 billion. In this award-winning analysis, Rom examines the political causes of this "thrift tragedy." He directly confronts-and rejects-the dominant scholarly "public choice" view that public officials were motivated mainly be self-interest. Instead, Rom argues that politicians and bureaucrats generally acted in the "public spirit" by attempting to obtain the common interest as they saw it. Using new evidence and innovative methods, Rom demonstrates that FSLIC's failure unfolded because of commitments that officials had made in the past and their uncertainties about how to fulfill these obligations in the future.

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Table of contents

  1. Contents
  2. Acknowledgments
  3. 1. Public Spirit in the Thrift Tragedy
  4. 2. A Brief History of the Federal Home Loan Bank System
  5. 3. The Federal Home Loan Bank Board
  6. 4. The Federal Home Loan Bank System
  7. 5. The Bank Board and the Thrift Business
  8. 6. Congress Before Deregulation
  9. 7. Congress after Deregulation
  10. 8. Congressional Voting
  11. 9. Concluding Words
  12. Appendixes
  13. Notes
  14. Index