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

Front Cover
Vintage Books, 2011 - Business & Economics - 316 pages
23 Reviews
In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country's gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes.
Updated, with new analysis of the government's recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.

What people are saying - Write a review

User ratings

5 stars
4 stars
3 stars
2 stars
1 star

Review: 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

User Review  - Owen - Goodreads

This is yet another book outraged at the moral hazard of the banking crisis, and the government's impotent regulatory response to it. The titular gimmick refers to there having been 13 bankers in ... Read full review

Review: 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

User Review  - Patrick - Goodreads

Great grand-scope history of the recent financial meltdown. Although a background in economics is suggested, it is not necessary in order to understand the majority of the concepts outlined in this ... Read full review


Thomas Jefferson and the Financial Aristocracy
Other Peoples Oligarchs
The Takeover
lbo Big 10 Fail
Further Reading

Other editions - View all

Common terms and phrases

About the author (2011)

Simon Johnson is Ronald A. Kurtz Professor of Entrepreneurship at MIT's Sloan School of Management and a senior fellow of the Peterson Institute for International Economics. He is coauthor, with James Kwak, of The Baseline Scenario, a leading economic blog, described by Paul Krugman as "a must-read" and by Bill Moyers as "one of the most informative news sites in the blogosphere."
James Kwak has had a successful business career as a consultant for McKinsey & Company and as a software entrepreneur. He is currently a student at the Yale Law School.
Visit the authors' blog at baselinescenario.com.

Bibliographic information