Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy
An engaging look at what led to the financial turmoil we now find ourselves in Bailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation-where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times. Entertaining and informative, this book clearly shows you how years of trying to control the economy with easy money has finally caught up with the federal government and how its practice of repeatedly rescuing Wall Street has come back to bite them. The definitive book on the financial crisis of 2008 Names the culprits responsible for this tragedy-from financial regulators to politicians Shows how each bailout throughout modern history has impacted what happened in the future Examines why the consumer/taxpayer is left suffering in an economy of bubbles, bailouts, and possible inflation Ritholtz operates a hugely popular blog, www.ritholtz.com/blog Scathing, but fair, Bailout Nation is a voice of reason in these uncertain economic times.
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A must-read bookUser Review - Rosesmom - Borders
If you think the collapsing economy and subsequent bailouts are too complicated to understand, this is the book for you. With wit, humor, clear insights and face-paced prose, Ritholtz delivers a book that every tax payer should read. Read full review
LibraryThing ReviewUser Review - DavidGoldsteen - LibraryThing
Bailout Nation finds Barry Ritholtz performing a delicate balancing act, not one attempted by many commentators of the current crisis -- perhaps excluding Paul Krugman. Ritholtz is both incisive ... Read full review