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Bailout Nation: How Greed And Easy Money Corrupted Wall Street And Shook The World Economy (2009)

by Barry Ritholtz(Favorite Author)

3.86 of 5 Votes: 2

ISBN

0470520388 (ISBN13: 9780470520383)

languge

English

genre

Nonfiction

publisher

John Wiley & Sons

review 1: As a follower of Barry Ritholtz blog, I was not surprised to find the book a tad wonkish. Although I feel he did cut to the chase on the causes of the economic collapse, the final nail in the coffin of Glass-Steagall in 1999, Greenspan's laissez-fare attitude at the Fed, there were way too many charts and graphs for my liking. I do agree with his premise and felt vindicated about my thoughts on the collapse. Michael Lewis, however, is a far more entertaining writer and reaches much of the same conclusions. Lewis, however, is a better storyteller.
review 2: Ritholtz deserves five stars for being right about the economic meltdown that so many others didn't see coming or chose to ignore. This book, however gets three stars for the constant financial jargon and... more the repetition and standalone-feel to some chapters. Despite that, it's an excellent primer on the 2008 financial crisis (its origins and the bailout aftermath) and a history of bailouts in general (and why this time it's different, and not in a good way). Caution, however, as after reading this your blood pressure may rise when hearing the usual BS about the continuing economic crisis from the gamblers & crooks on Wall Street, the Fed & politicians (on both sides) who enable them, and the news media that tries to spin it all away before the next commercial break. less

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