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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.
Cogent, quite readable, very compelling. Filled with facts and figures that make it a good reference source for data. Thorough citations to verifiable published information. Read morePublished 1 month ago by Stu V.T.
Schweizer comes at it from a right-wing stance, so you need to filter out his bias if you want to understand just how bipartisan the rampant, legal corruption of Congress that... Read morePublished 1 month ago by Edward Holcroft
I knew the Liberals in Govt and Professional Activists were responsible for the financial market meltdown of 2008, but, I learned just how deep it really went.... Read morePublished 2 months ago by michael pagliughi
This should be a must read for every American. Really good insight as to how the political system works in our country. Very enlighteningPublished 3 months ago by Susan Mack
This is a long and detailed essay on what economists call "moral hazard". Laws are passed which create opportunity for diverse groups, and the proponents only see the... Read morePublished 3 months ago by normbenign
There is a lot to be taken away from this book.
1. This book could be read as a discussion of policy lending/ the use of banks as policy lenders. Read more
Excellent, thorough history of how/why the economic collapse of 2008 happened. Wanted to read an account of how ALL the players and contributors of this disaster occurred, as it... Read morePublished 5 months ago by JAMN
my husband read this book. I haven't read it yet. he loved it. i'm planning on reading it very soon.Published 7 months ago by jim mcgill