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Was the financial collapsecaused by free-market capitalismand deregulation run amok,as liberals claim?
Not on your life, says Peter Schweizer. In Architects of Ruin, Schweizer describes how a coalition of left-wing activists, liberal politicians, and “do-good capitalists” on Wall Street leveraged government power to achieve their goal of broadening homeownership among minorities and the poor. The results were not only devastating to the economy, but hurt the very people they were supposedly trying to help.
This tale of liberal “Robin Hood capitalism run wild” has never beentold. But more than just a story about the past, Architects of Ruin is also an urgent warning about the future. The very same people who planted the seeds of the collapse are back in Washington, determined to use the crisis they caused as cover for a massive overhaul of the American economic system. These people have learned nothing from their past mistakes and are busy applying the same methods to other sectors of the economy—health care, the auto industry, real estate (again!), and above all the promotion of“green” technologies—inflating bubbles that are sure to bring about another crisis. Ordinary Americans who foot the bill for the last state-capitalist bubble have reason to be afraid—very afraid—of the inevitable result.--This text refers to the Paperback edition.
Everyone has an opinion of the banks. Too many cry "Republican Greed"! Please read what actually led to the problems and how we are all threatened now. Read morePublished 2 days ago by Susan Mathewson
Excellent, should be required reading for everyone who claims to be an AmericanPublished 1 month ago by Amazon Customer
Once again Schweizer has hit a home run with this book. I wish every American would read and understand how the latest economic crisis (crash of 2008) was created BY OUR OWN... Read morePublished 3 months ago by Donald D Bretches
More or less a spun up ersion of events that amount to anti democratic party propaganda. I say that even though I am a Republican. Read morePublished 3 months ago by Gale Rauschenberger
Schweizer convincingly refutes media and Democratic Party storyline that the economic crisis was all Bush's and the banks' fault. Read morePublished 4 months ago by Dr James D Boyce
Interesting history about many culprits of the current degradation of America
Mr. Schweizer has done an awesome book of investigative reporting
A chilling account of liberal political and government malfeasance. And it continues to this day in various forms including government student loans and home equity loans. Read morePublished 5 months ago by Alton DeWitt Patton