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The US government, like the British, has lent money to the banks at very low interest rates.
Stiglitz is an unapologetic man of the left, but his book is more balanced than many which have addressed this issue from the right.
The book is a must reader for those who want to understand the the economics and politics behind the crisis.
Contradicts himself constantly, blaming Bush yet giving more specific evidence for which Bush had nothing to do with or control over.Published 4 months ago by Matthew Roberts
Many criticisms of this book are surface criticisms, and by that I mean people try to call out contradictions within Stiglitz framework that upon deeper review are at least... Read morePublished 5 months ago by Derek Zweig
After reading this book, here are the main arguments that I found:
1) Globalization causes a shift of economic activities in the US. Read more
Good book! Gave to friend.....also thought enlightening.....thank you for good service. Keep up good work & keep on top of privacy if at all possible......Published 6 months ago by nora
Important read if you want to know what is really going on with the economy world wide.Published 8 months ago by H. Robertson
Stieglitz is the most knowledgeable on all matters of globalization and international financial failings. He understands who wins and who loses in this new world of business.Published 8 months ago by Sharon Elizabeth Smith
This man speaks so eloquently about what is wrong in America. My only criticism (and it applies to all business writers) is that they could have said all they needed to in an... Read morePublished 9 months ago by C. Anderson
This book is very readable and intelligent. I wish every person in Washington would read it. If you want to know what caused the great recession of 2008-2009, and what we can do to... Read morePublished 9 months ago by John E. LeMoult