Capital Offense How Washington's Wise Men Turned America's Future over to Wall Street

ISBN-10: 0470520671

ISBN-13: 9780470520673

Edition: 2010

Authors: Michael Hirsh
List price: $17.99
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Description: Why every president from Reagan through Obama has put Wall Street before Main Street Over the last few decades, Washingtonrs"s firmly held belief that if you make investors happy, a booming economy will follow has caused an economic crisis in Asia, hardship in Latin America, and now a severe recession in America and Europe. How did the best and brightest of our time allow this to happen? Why have these disasters done nothing to change the free-market mantra of the Washington faithful? The answer has nothing to do with lobbyists and everything to do with ideology. In Capital Offense, veteran Newsweek reporter Michael Hirsh gives us a colorful narrative history of the era he calls the Age of Capital, telling the story through the eyes of its key players, from Ronald Reagan and Milton Friedman through Larry Summers and Timothy Geithner. bull; Based on the solid research and skilled reporting of Newsweek Senior Editor Michael Hirsh bull; Takes you inside high-level, closed-door conversations of top White House advisers and administration officials such as Alan Greenspan, Robert Rubin, Paul Ors"Neill, and others bull; Illuminates key figures and lively interpersonal clashes, including the conflict between Larry Summers and Nobel Prize-winning economist Joe Stiglitz bull; Offers crucial insights on why President Obama took so long to work on the economy-and why he may not be going far enough bull; Catalogs the missteps of three decades of fiscal, regulatory, and financial recklessness, including the dismantling of the Glass-Steagall Act, the S&L debacle, Enron, and the subprime mortgage meltdown As we struggle to emerge from the financial crisis, one thing seems certain: Wall Streetrs"s continued dominance of the global economy. Propelled into the lead by a generation of Washington policy-makers, Wall Street will continue to stay ahead of them.

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Book details

List price: $17.99
Copyright year: 2010
Publisher: John Wiley & Sons, Limited
Publication date: 9/17/2010
Binding: Hardcover
Pages: 352
Size: 6.50" wide x 9.50" long x 1.25" tall
Weight: 1.276
Language: English

Acknowledgments
Prologue: The Hippopotamus under the Rug
The Most Certain Man in the World
Triumph
The Stealth Ideologue
The Rise of Rubinomics
Larry and Joe
Portrait of a Contrarian
Children of the Boom
The High Tide of Hubris
The Last Guy at the Alamo
Reaganites Redux
The Canary in die Mine
The King of the Street
Last Gathering of the Faithful
Blown Away
Geithner Cleans Up (with Bernanke at His Back)
Too Big to Jail
Larry and Joe (Again)
Notes
Index
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