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Bezig met laden... The End of Wall Street (2010)door Roger Lowenstein
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Meld je aan bij LibraryThing om erachter te komen of je dit boek goed zult vinden. Op dit moment geen Discussie gesprekken over dit boek. Just a terrible, short-sighted, intellectually lazy book. As a review of the crisis, there are much better ones out there. And as far as analyzing this debacle, Lowenstein seems far too interested in laying blame at the door of the irresponsible schmucks who took the loans. No one in the public at large was counting on them for anything. We WERE counting on bank executives to be motivated by something other than short-sighted greed. His main interest in the book seems to be to take the blame off Wall Street as much as possible for what happened in the 2000s. He's an apologist. A highly readable narrative of the conditions that led to the crash, the reactions (or non-reactions) of major business and governmental actors, and the mop-up operations that handed public money to private interests. I wish his 'afterword' had been a bit more detailed; for instance, it's 2012, we're in a world of record corporate profits (again) and stagnant wages (again), most economic indicators show us slipping into recession (again)- only this time the U.S. government is already in huge debt. Not a very comfortable time, and Lowenstein's the kind of guy who could probably help explain it. Maybe in another book? Two small faults: first, it's focused entirely on the U.S., which is a shame, but then, it would have been 800 pages long if he'd tried to describe the international repercussions of this shitstorm. Second, sometimes the stories are a bit too detailed, given how similar they are were. But it's so readable that I didn't mind that too much. geen besprekingen | voeg een bespreking toe
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The roots of the mortgage bubble, the story of the Wall Street collapse, and the government's unprecedented response are captured in this blow-by-blow account of "the end of Wall Street" by one of our most trusted business journalists. Geen bibliotheekbeschrijvingen gevonden. |
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Google Books — Bezig met laden... GenresDewey Decimale Classificatie (DDC)332.64273Social sciences Economics Finance InvestingLC-classificatieWaarderingGemiddelde:
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The incompetence! - possible genuine, possibly arranged. Got the poor nice and fucked, again. ( )