The Great Deformation (134 page)

      
gold standard selection,
237–239

      
LBJ and,
112

      
Nixon/gold standard end and,
45
,
52
,
56
,
60
,
89
,
107
,
109
,
110
,
115
,
120
,
121
,
133–134
,
141
,
145
,
195
,
248
,
258–259
,
559

      
US financial discipline and,
116
,
124

      
See also
Gold standard

Bryan, William Jennings,
141
,
162
,
185

Budgets

      
balanced budget rule/discarding,
128–129

      
balancing requirements needed,
708

      
ten-year budget baselines/forecasts,
683
,
684–687
,
690
,
691–692

Buffet, Warren,
25
,
316
,
444

Burns, Arthur

      
Eisenhower and,
223–224
,
225

      
gold standard and,
281
,
283

      
inflation and,
125
,
131
,
132
,
177
,
264

      
Melamed's T-bill futures and,
301
,
302
,
303

      
money printing,
293
,
351

      
Nixon's monetary policies and,
111
,
112–113
,
116–117
,
119–120
,
123
,
125

Bush, George H. W.

      
deficits and,
106

      
federal spending/taxes,
58
,
59
,
276
,
350
,
557

      
housing/GSEs,
406
,
408
,
419

      
Merc PAC,
309

      
Persian Gulf wars/1980s defense buildup,
79

Bush, George W.

      
auto industry bailout,
613
,
615
,
661

      
electric vehicle development and,
606–607

      
federal spending,
58
,
219
,
675

      
financial crisis (2008),
6
,
45–46
,
446
,
556

      
home-buyers' tax credit plan,
580

      
housing issues,
414
,
580

      
Middle East wars,
50
,
55
,
79–80
,
205
,
214
,
217–218
,
693

      
pre-crisis deficit,
590–591

      
tax cuts,
50
,
55
,
58
,
552
,
555
,
631
,
669
,
680
,
681
,
684

      
unfunded wars,
50
,
55
,
205
,
214
,
217–218

Business Week
,
347
,
484

Buybacks (stocks).
See
Stock buybacks

Byrnes, Jimmy,
194

“C&I (commercial and industrial) loans,”
31

Caldwell banking chain collapse,
152

Cantwell, Helen,
573–574

Capital One,
38

Carlyle Group,
510
,
511
,
517

Carter, Jimmy

      
budget/criticism,
73
,
90
,
92
,
94
,
96
,
99
,
104
,
105
,
217

      
inflation and,
131–133

      
national security policies,
72

      
tax rebate,
51

      
taxes/spending,
57
,
103
,
131–133
,
174

Cayne, Jimmy,
392

CDOs (collateralized debt obligations),
11–12
,
316

CDS (credit default insurance),
6
,
7
,
10
,
11–12
,
22

Central banking

      
mobilized discount rate,
699–702
,
706

      
problems (overview),
699–703

CEW (corporate equity withdrawal)

      
Dex Media/R.H. Donnelley & Sons example,
510–513

      
hedge funds and,
501–502

      
role/description,
455–456

      
wealthy/top percent and,
484–485
,
505

      
See also
M&A deals
;
Stock buybacks

CFTC (Commodity Futures Trading Commission)

      
Melamed and,
305–306
,
308
,
309
,
311
,
312–313

      
ratifying futures industry/effects,
311–313

      
Stone and,
310

Chambers, John,
457

Cheney, Dick

      
defense spending,
689
,
690
,
693

      
pre-crisis deficit,
590–591

      
on Reagan,
108

Chesapeake Energy,
522–523

Chicago Board of Trade,
310

Chicago “Merc” (CME)

      
growth,
287–288
,
289
,
291
,
293
,
297
,
298–299
,
300

      
politicians and,
308–310

      
See also
Financial futures
;
Melamed, Leo

Chicago “Merc” PAC,
309

China

      
economic growth,
60–61
,
63–64
,
65–66

      
monetary bubble and,
704–705

      
savers myth,
327–328

      
US treasury bonds/bills,
61

“China price,”
63–64
,
66
,
266
,
353
,
380
,
412
,
423–424

Chrysler,
15
,
623

Chu, Steven,
600
,
601
,
607

Cisco Systems

      
executives' tax payments,
457

      
stock buybacks,
456–457

      
stock market and,
355–356
,
456–457
,
485

Cisneros, Henry,
408

Citibank

      
“gain on sale” profits,
38

      
Lichtenstein/Lightstone and,
539
,
540

      
Prince and,
316

Citicorp,
398
,
666

Citigroup

      
after financial crisis (2008),
693

      
bailout,
49

      
before financial crisis (2008),
22
,
28–29
,
306
,
388
,
393
,
398–399

      
without bailout,
6

Citizens United decision,
708

Clear Channel Communications LBO,
518–519
,
531–532

Clinton, Bill

      
defense budget and,
689

      
economics and,
557

      
housing issues,
408
,
409
,
412
,
413–414
,
419

      
spending reductions/raising taxes,
276

Clooney, George,
605

CLOs (collateralized loan obligations),
507

CME.
See
Chicago “Merc” (CME)

Collateralized debt obligations (CDOs),
11–12
,
316

Collins & Aikman

      
debt and,
572–573
,
574
,
575
,
576

      
description,
572

      
Stockman and,
572–576

Commercial paper market

      
ABCP (asset-backed commercial paper segment),
37–38

      
bailout,
39–40

      
financial crisis (2008),
35
,
36–39

Commodity Futures Trading Commission.
See
CFTC (Commodity Futures Trading Commission)

Conable-Hance II plan,
96

Connally, John

      
description,
255

      
monetary policies,
109
,
116
,
117
,
118
,
119
,
120
,
241
,
255
,
281
,
282
,
293

Consumer price index (CPI)

      
1990s,
62–63

      
1960s,
234

      
Nixon presidency,
113
,
115–116
,
121
,
123
,
126

Consumption tax,
711
,
712

Continental Illinois Bank,
15
,
20

Coombs, Charles A.,
236–237
,
253

Cooper, Gary,
4
,
395–396

Corrigan, Gerald,
315
,
316

Countrywide Financial/disaster,
171
,
379
,
419
,
420–421
,
558

Couzens, James,
155

Cox, Chris,
48–49

Cox, James,
141

Cramer, Jim

      
rant effects,
476–477

      
rant on CNBC (2007),
475
,
476
,
477
,
479

Credit default insurance (CDS),
6
,
7
,
10
,
11–12
,
22

Credit default swaps,
316

Crocs,
487–488
,
489

Crony capitalism

      
description/roots,
3
,
52

      
nonbank finance companies examples,
39–42

      
See also specific companies
;
specific events
;
specific individuals