The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System
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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LibraryThing ReviewUser Review - TimFerris - LibraryThing
I've change my rating on Gasparino's book from 3 stars to 5 stars. Anyone who would attempt to understand the meltdown of the financial systems needs to read this to attain a proper perspective. Read full review
The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial SystemUser 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
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The Sellout: How Three Decades of Wall Street Greed and Government ...
Limited preview - 2009