If you want to understand what happened, and what can (and should be done about it), read this book.
With all the interlocking financial instruments like CD Swaps and other derivatives, that will require a complex system to unwind such networks.
The author does an outstanding job of logically presenting her factual material, yet doing so in a very easy to read fashion.
Author does a good job describing the evolution of the American banking system along with providing suggestions to reduce risks for systemic failures in the future.Published 4 months ago by Wheeler Mike
Nicole Gelinas of the uber-conservative Manhattan Institute has written an interesting book on the financial crisis and what she perceives to be its causes. Read morePublished 21 months ago by simon matthew
I believe this book gave an accurate acount of the fall of Wall Street. I would recommend this book to other persons.Published 22 months ago by Bartholomew Jones
This book started off with a statement that did not mince words: "The credit crisis and the resulting recession are the work of an invisible hand - not the invisible hand of free... Read morePublished on August 8, 2012 by Glenn Corey
Author Gelinas presents a very interesting and credible accounting of the 'Great Recession' that focuses on the government's role via 'Too Big to Fail. Read morePublished on January 9, 2012 by Loyd E. Eskildson
I saw Nicole Gelinas speak on her book and had a little trouble following as she tried to explain the concepts in 15 minutes. Read morePublished on June 20, 2010 by D. Moore
For several years I have been struggling to understand the causes of the financial meltdown and what we can do now. It has been an uphill journey. This book is wonderful. Read morePublished on June 1, 2010 by J. Myers
Fear of failure is necessary for markets to function effectively. Markets totally free of regulation lead to manipulation and collapse. Read morePublished on May 31, 2010 by andris virsnieks