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Jan Hayden s 40-year career in bankruptcy and restructuring – New Orleans CityBusiness
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A Conversation with Jan M Hayden: Making Dollars and Cents of a 40-Year Career in Bankruptcy and Restructuring | Baker Donelson
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(
Fred Weinberg) – I have a very personal relationship with Tulsa, Oklahoma.
I arrived there on July 5, 1982 a date which should be memorialized in banking history as the day the FDIC shut down the Penn Square Bank. I sold my radio stations and left for good in 1997 headed to Las Vegas where we had purchased a radio station.
In the interim, I owned radio stations all over the state and was active in politics.
Today, the so-called media is making a big deal out of something which happened 100 years ago the race riot which destroyed the Greenwood area which is now referred to as “black Wall Street”.
Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part I SHARE
Has any theoretical work on banking been more influential than Douglas Diamond and Phillip Dybvig s 1983 JPE article, Bank Runs, Deposit Insurance, and Liquidity ? If so, I can t think of it. With well over 12,000 Google citations and counting, it s certainly among the most cited academic papers in economics, let alone in the sub-discipline of monetary economics.
Nor has that paper s influence been merely academic. Far from it: it is routinely cited by policymakers as supplying a rationale for government intervention in banking, and for explicit national deposit insurance schemes in particular. That the number of countries that adopted such schemes more than quadrupled during the two decades immediately following the article s appearance from just 20 to 87 almost certainly owes something to Diamond and Dybvig s influential publication, which is bound to have informed the thinking of experts at the IM