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Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy by Barry Ritholtz, Bill Fleckenstein, Aaron Task is a nonfiction available to read on EtoBox.

What is Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy about?

I have read several books on the economic crisis that has gripped the country over the past 3-4 years and I found this book to be not only the most informative but entertaining. The author has a knack, or gift, to make complicated financial subjects like credit default swaps, derivatives, collaterized debt obligation etc. very easy to understand particularly if you are not too familar with complex finacial terminology. While the author provides a great introduction on original government subsidies like railroads, some for the greater good, accelerating to the first major bailout Lockheed Martin in 1971 and later Chrysler and later yet, Savings and Loans. As the author notes, these bailouts set the potential for government and the tax payer to take on great liabilities. What is also excellent is the authors review and discussion of unintendede consequences,, what is the effect in the long run. For example, although hard to lose so many jobs, if Chrysler failed, what would the effect have been on Ford, GM and UAW? Would they all ahve been more inclined to be more efficient, in design and build quality cars, reasonable wages and benefits?. He also covers the creation of the Fed and th

Who reads Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy?

Author

Barry Ritholtz, Bill Fleckenstein, Aaron Task

Publisher

John Wiley & Sons, Ltd.; John Wiley & Sons

Published

2010

Language

EN

ISBN

9781282122703

Category

nonfiction

Subjects

Finance, Economics, Political Science

Rating

3.89 / 5 (391 ratings)

Updated

2026-03-14