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

Name: Bailout Nation, with New Post-Crisis Update How Greed and Easy Money Corrupted Wall Street and Shook the World Economy
Price: 3.95 USD
Availability: InStock
ISBN: 9780470596326

ISBN-10: 0470596325

ISBN-13: 9780470596326

Edition: 2009 (Revised)

Authors: Barry Ritholtz, Aaron Task, Bill Fleckenstein

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A riveting indictment of those responsible for our current financial messBailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of todayâ€²s most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation-where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times.Entertaining and informative, this book clearly shows you how years of trying to control the economy with easy money has finally…

Book details

List price: $16.99
Copyright year: 2009
Publisher: John Wiley & Sons, Limited
Publication date: 7/16/2010
Binding: Paperback
Pages: 360
Size: 6.00" wide x 9.00" long x 0.80" tall
Weight: 0.836
Language: English

Barry Ritholtz is CEO and director of equity research at FusionIQ.com, an online quantitative research firm. He regularly appears as an expert on CNBC, Bloomberg, Fox, and PBS, and he is the author of the topranked financial weblog, The Big Picture, hailed by The Wall Street Journal as "what the in-crowd knows."

Barry Ritholtz operates one of today's most popular economic blogs,www.ritholtz.com/blog/, which has received over 50 million page views since launching. He is the CEO and Director of Equity Research at FusionIQ, an online quantitative researchfirm. He is a frequent guest on CNBC; a regular guest on Fast Money, Kudlow & Company, and Power Lunch; and author of the popular "Apprenticed Investor" column at TheStreet.com.



Foreword


Acknowledgments


Introduction: Bailout Nation



A Brief History of Bailouts



A Brief History of Bailouts



The Creation of the Federal Reserve, and Its Role in Creating Our Bailout Nation



Pre-Bailout Nation (1860-1942)



Industrial-Era Bailouts (1971-1995)


Intermezzo A Pattern Emerges



The Modern Era of Bailouts



Stock Market Bailouts (1987-1995)



The Irrational Exuberance Era (1996-1999)



The Tech Wreck (2000-2003)



The Backwards, Rate-Driven Economy


Intermezzo A Brief History of Finance and Credit



The Mad Scramble for Yield



Market Failure



The Machinery of Subprime


Intermezzo A Memo Found in the Street: Uncle Sam the Enabler



Radical Deregulation, Nonfeasance



Strange Connections, Unintended Consequences



Moral Hazard: Why Bailouts Cause Future Problems



Bailout Nation



2008: Suicide by Democracy



The Fall of Bear Stearns



Dot-Com Penis Envy



Year of the Bailout, Part I: The Notorious AIG



The Year of the Bailout, Part II: Too Big to Succeed?


Intermezzo Idiots Fiddle While Rome Burns



Post-Bailout Nation



Casting Blame



Misplaced Fault



The Virtues of Foreclosure



Casino Capitalism


Postscript: Advice to a New President


Notes


Index