Bailout Nation How Greed and Easy Money Corrupted Wall Street and Shook the World Economy

Name: Bailout Nation How Greed and Easy Money Corrupted Wall Street and Shook the World Economy
Price: 3.87 USD
Availability: InStock
ISBN: 9780470520383

ISBN-10: 0470520388

ISBN-13: 9780470520383

Edition: 2009

Authors: Barry Ritholtz, Bill Fleckenstein, Aaron Task, Aaron Task, Ritholtz

List price: $35.95

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Description:

BAILOUT NATION is a scathing expose on the politicians, financial leaders, and regulators responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and media commentators, the book shows how ideology has been turned on its head and how the U.S. has abandoned its capitalistic roots and morphed into Bailout Nation. Ritholtz's rogues gallery of perpetrators and enables includes Alan Greenspan, former Senator Phil Gramm, Presidents Bush and Clinton, Treasury Secretaries Robert Rubin and Larry Summers, the biggest Wall Street firms, the ratings agencies, and Washington regulators. Together these individuals and institutions created a…

Book details

List price: $35.95
Copyright year: 2009
Publisher: John Wiley & Sons, Incorporated
Publication date: 5/6/2009
Binding: Hardcover
Pages: 352
Size: 6.50" wide x 9.30" long x 1.24" tall
Weight: 1.188
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