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

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Harper Collins, Nov 3, 2009 - Business & Economics - 592 pages
4 Reviews
In the spirit of Barbarians at the Gate and Liar’s Poker comes The Sellout, the definitive book on the recent collapse of Wall Street, one of the most dramatic and anxiety-ridden era in national socioeconomic history. In this powerful business narrative, Charles Gasparino, the author of Blood on the Floor and King of the Club, captures how avarice, arrogance, and sheer stupidity eroded Wall Street’s dominance, made many of our country’s most fabled financial institutions vulnerable to significant new foreign control, and profoundly weakened the financial security of millions of poor and middle-class American families.
 

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

User Review  - Not Available - Book Verdict

Gasparino (on-air editor, CNBC; King of the Club) covers the 2007-09 financial crisis from its origins through the Trouble Asset Relief Program (TARP) bailout. He traces its causes back to the 1980s ... Read full review

Entertaining Too

User Review  - kkhoiland - Overstock.com

If you are looking for an entertaining and yet factual analysis of the recent market crisis this is a good one. I was familiar with the author from his appearances on CNBC. He has left few stones ... Read full review

Contents

Prologue
1
Fun and Games
9
Power and Perks
38
Sex Drugs and Debt
53
An Education in Risk
65
Bigger Is Better
87
Financial Renaissance
103
Paying the Price
120
Cash Stops Flowing
226
No Clue
245
The Dancing Stops
289
The End Begins
330
There Are Rumors That You Guys Are in Trouble
392
Free Fall
411
The Rescue
441
Bailout Nation
463

One Big Happy Family
130
Opening the Floodgates
151
No More Mother Merrill
164
The Money Machine
181
Perverse Incentives
196
Epilogue
479
Glossary
501
Index
531
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About the author (2009)

Charles Gasparino is a senior correspondent for the Fox Business Network and the Fox News Channel, where he reports on major developments in the world of finance and politics. A former writer for the Wall Street Journal and Newsweek, he has also served as a columnist for the New York Post and The Huffington Post as well as a contributor to The Daily Beast, New York Magazine, and Forbes. Gasparino is a recipient of numerous business journalism awards, including the prestigious Investigative Reporters and Editors Award for The Sellout. His other noteworthy books include Blood on the Street and King of the Club.

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