Rebuilding the U.S. Banking System: Back to Basics in Financial Markets and Institutions

Networks Financial Institute Policy Brief No. 2009-PB-04

37 Pages Posted: 3 Jul 2009  

Richard Christopher Whalen

Economic Advisory Committee of FINRA; Indiana State University - Networks Financial Institute; Association of Private Enterprise Education (APEE); National Association of Business Economists (NABE)

Date Written: June 1, 2009

Abstract

This paper seeks to review events leading up to the financial crisis of 2008, including the massive government intervention into the U.S. financial markets, and then asks some questions and makes some recommendations about changes in specific areas of business practice and public policy as they affect the U.S. financial services industry. Given that many of these issues are unresolved and still moving rapidly, this paper is preliminary and looks primarily at events up to May of 2009.

Keywords: Financial services, Financial regulation, Risk management, Derivatives, Banking

Suggested Citation

Whalen, Richard Christopher, Rebuilding the U.S. Banking System: Back to Basics in Financial Markets and Institutions (June 1, 2009). Networks Financial Institute Policy Brief No. 2009-PB-04. Available at SSRN: https://ssrn.com/abstract=1428966 or http://dx.doi.org/10.2139/ssrn.1428966

Richard Christopher Whalen (Contact Author)

Economic Advisory Committee of FINRA ( email )

1735 K Street NW
Washington, DC 20006
United States

HOME PAGE: http://tinyurl.com/2bne6p

Indiana State University - Networks Financial Institute ( email )

Terre Haute, IN 47809
United States

HOME PAGE: http://tinyurl.com/4ckcoxo

Association of Private Enterprise Education (APEE) ( email )

313 Fletcher Hall, Dept. 6106
615 McCallie Avenue
Chattanooga, TN 37403-2598
United States

HOME PAGE: http://https://www.apee.org/

National Association of Business Economists (NABE) ( email )

1920 L St. NW, Suite 300
Washington, DC 20036
United States

HOME PAGE: http://www.nabe.com

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