13 Bankers

The Wall Street Takeover and the Next Financial Meltdown
CD - unabridged
Audio (8 discs)
Product Number: DB492
Released: Jun 18, 2010
Business Term: Purchase
ISBN: #9781400116843
Narrator/s: Erik Synnestvedt
Publisher: Tantor Media, Inc
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Description

Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic "business as usual" practices. How did this come to be-and what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. In 13 Bankers, prominent economist Simon Johnson and James Kwak give a wide-ranging, meticulous, and bracing account of recent U.S. financial history within the context of previous showdowns between American democracy and Big Finance. They convincingly show why our future is imperiled by the ideology of finance (finance is good, unregulated finance is better, unfettered finance run amok is best) and by Wall Street's political control of government policy pertaining to it. The choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be "small enough to fail."

All formats/editions

eAudio
x-large
Narrator(s): Erik Synnestvedt
Product Number Z100028833
Released: Mar 31, 2010
Business Term: Purchase
Publisher: Tantor Media, Inc
ISBN: #9781400196845
eBook
x-large
Product Number EB00169952
Released: Dec 30, 2013
Business Term: 2 Year
Publisher: Vintage
ISBN: #9780307379221

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