Banking Assignment
Please answer all 4 questions separately, explain in detail, to you can use the attached doc to guide you, and stick with the answer size provided at the end of each question.
1. Regarding the S&L Crisis what were the economic events and public issues that caused it, what where legislative issues that remediated it, what were some post crisis legislations to try to address worst aspects of crisis? (2 PAGES up to 500 WORDS) explain everything
2. In your own opinion from a public policy standpoint did this legislation really address the issues, and what ideas do you have for solutions that were not purposed? (Explain in up to 1 page 250 words)
3. Regarding Park Avenue bank and Penn square continental, What where the themes of mismanagement and fraud and what could’ve the regulators done to address these issues, and what were the tools that came into place like prompt corrective action, and where they affective. (Please explain in 2 pages up to 500 words)
4. Regarding the Great recession and DoDD frank what were the economic events and public issues that led to the crisis, how did dodd frank address it, did it go far enough and if yes did it go too far explain? (2 pages up to 500 words)
Study Guide 12.10.19 (1).pdf XVI. Criminal Enforcement Response to the S & L Crisis 1. Question: to what extent did criminal behavior cause or contribute to the S & L crisis and did the US government overreact or overreach in enacting laws to address the criminal behavior of executives? Two legislative packages were enacted that addressed bank crime: FIRREA and the Crime Control Act. 2. FIRREA-enhances potential sentences from 2 to 5 years to 20 years in prison. 3. Crime Control Act of 1990-increased prison time to as high as 30 years for banking crime. 4. Thesis of author is that Congress pursued more aggressive criminal penalties for bank crime, which because of ex post facto, could not be utilized against S & L criminals, as a way to deflect blame for poor public policy in addressing S & L crisis. XVII. The Resolution Trust Corporation 1. In response to the S & L crisis and in response to the inadequate performance of the FHLBB and FSLIC, Congress created, as part of FIRREA, the RTC. 2. We know FIRREA abolished the FSLIC and created the SAIF insurance fund as part of the FDIC and eliminated the FHLBB and created the OTS under the Treasury. 3. RTC was a limited life entity to resolve all FSLIC insured institutions placed under conservatorship or receivership from 1/89 to 8/92. 4. RTC had authority to repudiate executor contracts.