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  E-mail Message: I thought you might be interested in this item at http://www.worldcat.org/oclc/699842864 Title: 13 bankers : the Wall Street takeover and the next financial meltdown Author: Simon Johnson; James Kwak Publisher: New York, NY : Pantheon Books, 2010. ISBN/ISSN: 9780307379054 0307379051 OCLC:699842864

  
  

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13 bankers : the Wall Street takeover and the next financial meltdown

Author:	Simon Johnson; James Kwak
Publisher:	New York, NY : Pantheon Books, 2010.
Edition/Format:	Print book : English : 1. edView all editions and formats
Summary:	13 Bankers describes the rise of concentrated financial power and the threat it poses to our economic well-being. Over the past three decades, a handful of banks became spectacularly large and profitable and used their power and prestige to reshape the political landscape. By the late 1990s, the conventional wisdom in Washington was that what was good for Wall Street was good for America. This ideology of finance produced the excessive risk-taking of the past decade, creating an enormous bubble and ultimately leading to a devastating financial crisis and recession. More remarkable, the responses of both the Bush and Obama administrations to the crisis-bailing out the megabanks on generous terms, without securing any meaningful reform-demonstrate the lasting political power of Wall Street. The largest banks have become more powerful and more emphatically "too big to fail," with no incentive to change their behavior in the future. This only sets the stage for another financial crisis, another government bailout, and another increase in our national debt.  Read more...
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Subjects	Bank failures -- United States. Banks and banking -- United States. Finance -- United States. View all subjects
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