The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

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Harper Collins, Oct 19, 2010 - Business & Economics - 592 pages
16 Reviews

The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.

From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most volatile, anxiety-ridden era in our nation's socioeconomic history. The winner of the 2009 Investigative Reporters and Editors Award for Books, The Sellout traces the recent implosion of the financial services business back to its roots in the late 1970s, when Wall Street embraced a new business model predicated on enormous risk. Gasparino reveals a startling trail of culpability—from the government bureaucrats who crafted housing policies to the Wall Street firms that underwrote and invested in risky debt, to the mortgage sellers who indiscriminately handed out loans, and finally to the homeowners who thought they could afford mansions on blue-collar wages.

  

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Review: The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

User Review  - Carl Mayo - Goodreads

Interesting subject matter, well presented, but should have been edited for simplicity and length. The Sellout could have been shorter and easier to read, while still conveying the same information. Read full review

Review: The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

User Review  - Mark Palmieri - Goodreads

Fascinating. A great explanation about the financial/trading industry in America. It is amazing how much power these people possess and then lose and then possess and then lose and then are somehow ... Read full review

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Copyright

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About the author (2010)

Charles Gasparino is a senior correspondent for Fox Business Network, a columnist for the Daily Beast and the New York Post, and a freelance writer for Forbes and other publications. Previously, he was the on-air editor for CNBC and wrote for Newsweek and the Wall Street Journal. He is the author of Blood on the Street, which was listed by Barron's as one of the Best Business Books of 2005, and King of the Club, which Library Journal named one of the Best Business Books of 2007.

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