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
4 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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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

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1
II
9
III
38
IV
53
V
65
VI
87
VII
103
VIII
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XIII
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XIV
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XVI
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XIX
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IX
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XII
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XXI
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XXII
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XXIII
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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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