id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-355782-q78ojig8	Berger, Allen N.	Conditions that generally bring about bank bailouts, bail-ins, and other resolution methods	2020-06-26		.txt	text/plain	4603	196	49	The Federal Reserve and its leaders receive blame for (1) keeping interest rates too low for too long in the pre-crisis period, encouraging risky lending; (2) not recognizing the dangers of the build-up of correlated risks in real estate lending; (3) not devoting sufficient resources to their financial stability mission to identify future stability and systemic risk threats; (4) pushing for Basel II capital standards, which lowered requirements for large, systemically important banking organizations and encouraged risky investments by European banks by putting low capital weights on AAArated tranches of MBS backed by subprime mortgages and sovereign debt of risky national governments; (5) not regulating the new complex and opaque instruments of finance, which were built on faulty models that underweighted the probability of housing price declines; and (6) not applying safety and soundness and consumer protection regulations consistently across intermediaries which gave rise to regulatory arbitrage; and (7) not pursuing accusations of consumer predatory lending.	./cache/cord-355782-q78ojig8.txt	./txt/cord-355782-q78ojig8.txt