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

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

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

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I had been following the dislocations in the economy since 2006, when I took notice of the real estate bubble, gaining valuable insight from CalculatedRisk, NakedCapitalism and Barry Ritholz's TheBigPicture. When the end came in 2008, I had a clear picture of what was going down and who the major players were. If not for these sites, I would have been as ignorant as the next guy/girl. The bailout, by Hank Paulson, Ben Bernanke and Timmy Geithner was as egregious as the behavior of their Wall St. and government partners leading up to the crisis. I have recommended/sent this book to everyone I know who has money in the Market or retirement funds. It is the best overall summary of the despicable, greedy behavior that got the American economy where it is today, and of the major figures, public and private, who pushed us there.

It is written in a style that is easy to read and comprehend, even for those of us who don't know a QQQQ from a CDS. It's a fascinating story, and if you don't know what went down, you won't know how to fix it.

Thank you Barry !!!
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