Reviews

13 BANKERS: The Wall Street Takeover and the Next Financial Meltdown

Editorial Review - Kirkus - Jane Doe

A stinging indictment of the reckless "new American oligarchy" that led the nation to an economic precipice—and which, because of the government bailout, the authors say, threaten to put U.S. taxpayers on the hook again.Unlike Andrew Ross Sorkin in his book Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves (2009), economics ... Read full review

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It seems clear since Congress, Fed approving, and Treasury assisting, all gave the okay for banks to grow beyond the cap of 4% of GDP for commercial banks and 2% of GDP for investment banks that the banks are being assisted in becoming too big to fail. I also agree that Paul Krugman had it exactly correct when he said that this is a plan to socialize the losses while privatizing the profits. 

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All reviews - 23
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