Bailout Nation, Bill Fleckenstein
Bailout Nation, Bill Fleckenstein
List: $24.99 | Sale: $17.50
Club: $12.49

Bailout Nation
How Greed and Easy Money Corrupted Wall Street and Shook the World Economy

Author: Bill Fleckenstein, Aaron Task, Barry Ritholtz

Narrator: Bill Quinn

Unabridged: 10 hr 5 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 07/20/2020

Includes: Bonus Material Bonus Material Included

Synopsis

Bailout Nation, Revised and Updated is a scathing expose on the politicians, financial leaders, and regulators responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of todays most popular economic bloggers and media commentators, the book shows how ideology has been turned on its head and how the U.S. has abandoned its capitalistic roots and morphed into Bailout Nation. Ritholtzs rogues gallery of perpetrators and enables includes Alan Greenspan, former Senator Phil Gramm, Presidents Bush and Clinton, Treasury Secretaries Robert Rubin and Larry Summers, the biggest Wall Street firms, the ratings agencies, and Washington regulators. Together these individuals and institutions created a system that allowed banks and financial institutions to operate with little or no effective oversight, reaping the rewards of their success and insuring their failures would be underwritten by taxpayers. Scathing, tough-minded and marked by a tone of outrage, Bailout Nation perfectly matches the public mood and stands alone as a searing indictment of the financial and political establishment.

Reviews

Goodreads review by Mike on June 06, 2010

This book really helped me synthesize my thoughts about current econ issues. Three factors mainly to blame: easy money (Greenspan), deregulation (phil Gramm, greenspan, actually everyone incl Clinton & Rubin), and moral hazard created by a history of bailouts (Lockheed, Chrysler, Continental IL, Lon......more

Goodreads review by Jan on June 10, 2009

Barry Ritholtz deserves five stars for being right about the root causes of the current "financial crisis," and delivering his wisdom in such a direct and entertaining style. As far back as 2006, you could go to his blog "The Big Picture" to understand that finance was going critical already, and it......more

Goodreads review by Keith on January 05, 2010

I bought this book because I really enjoy reading the author's blog, and although I have read many of his thoughts about the ultimate causes of the financial crisis I wanted to see all of it laid out in a coherent form because his blog, while informative and entertaining, is a bit disorganized. I got......more

Goodreads review by Vicki on June 19, 2011

An account that is both excellent and infuriating (so much so, I was provoked to start an "infuriating" shelf on goodreads) about how greed and deregulation joined together to produce a monster child--the recent financial crisis. I swear, every time I read one of these books (see also, The Big Short......more

Goodreads review by Steven on July 30, 2024

A STRONG CRITIQUE OF WALL STREET GREED Barry Ritholtz is a blogger and director of an online "quantitative research firm." He suggested that in 1998, "Long-Term Capital Management was the dress rehearsal for the great credit crisis of 2008---and a missed opportunity to prevent the ongoing tragedy." (......more

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