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Initial post: Feb 10, 2009 3:24:59 PM PST
W. Miller says:
McGraw Hill has dropped Barry Ritholtz's Bailout Nation book and the author charges that the publisher quashed it to protect its Standard & Poor's credit-rating division.

Ritholtz, whose Big Picture economics and financial blog has become must-reading, had what should have been a publisher's dream. The blogger came up with a book idea in the spring of last year on the financial collapse. McGraw Hill bought the rights for a modest advance and he set about writing it.

Events cooperated. As he was writing, Lehman Brothers and AIG collapsed, Goldman and Morgan Stanley became bank holding companies, and the Bush administration rolled out its massive $700 billion TARP plan to aid the banking sector.

In short, Ritholtz was writing Bailout Nation before we became a nation of bailouts.

It looked like it might be a hit. Ritholtz was told that a month away from publication, 22,000 copies had been pre-sold, a high number.

But now McGraw Hill has dropped the book, apparently concerned about the shots Ritholtz took at S&P.

http://www.portfolio.com/views/blogs/daily-brief/2009/02/10/mcgraw-hill-drops-book-critical-of-sp

Posted on Apr 25, 2009 12:36:17 PM PDT
Last edited by the author on Apr 25, 2009 12:36:42 PM PDT
It turned out to be a blessing in disguise -- Wiley immediately picked up the book, and the extra 4 months allowed me to expand the sections on AIG, Bank of America, GM and CitiGroup.

All told, had the book been published as written in December, it would have been dated and incomplete.

All told, I am very pleased with the way it came out, including the new cover and artwork . . .

Posted on May 16, 2009 11:08:45 AM PDT
Last edited by the author on May 16, 2009 11:09:58 AM PDT
J. Weitzman says:
Barry's book shipped this week and is climbing the bestseller list. Barry is one of the smartest people I know and his insight into the financial world is astounding. If you want to understand the mess we're in and give it some historical context, click the link and order his book.
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Participants:  3
Total posts:  3
Initial post:  Feb 10, 2009
Latest post:  May 16, 2009

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