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Predator Nation demolishes the view that the global financial crisis was merely some sort of freak accident. Charles Ferguson makes a convincing case that the world’s banking system was brought to the brink of complete collapse in 2008–09 by a virulent combination of unchecked greed and criminal behavior.
This is an epic crime story with an apparently clean getaway, courtesy of the George W. Bush and Barack Obama administrations. Both presidents proved unwilling to hold anyone to account—or even to launch meaningful investigations.
Leading bankers walked away with billions of dollars in unjustified compensation. The costs imposed on the rest of us can be measured in the trillions of dollars.
Predator Nation provides a roadmap for prosecution, systematically covering the banks involved, the names of culpable executives, the obvious crimes, the precise laws broken, and the evidence hiding in plain sight. No doubt it will be widely ignored by our legal officials.
Ferguson’s points are also intensely political. Reckless behavior by bankers can be traced back to the bipartisan consensus around deregulating finance in recent decades. This result is a socially destructive industry with immense political power—and capable of defeating all attempts at meaningful reform. The continued predominance of rogue finance is greatly facilitated by its effective corruption of American academia and many so-called “independent experts” (documented in Charles Ferguson’s Oscar-winning movie, Inside Job.)
Big banks hold American politics in a death grip. To understand this—and to start to think about how to break this grip—read Predator Nation and give a copy to everyone you know.
Great insight to how we all got taken by the system. Every American should read this book.Published 22 days ago by John Munsch
Well-written, Mr. Ferguson. At an understandable level, and multiple levels of generality and specificity, Predator Nation melds in a story-telling fashion the economic, social,... Read morePublished 1 month ago by Mike Starry
hard hitting should be read by everone concerned with democracy highly recommendedPublished 1 month ago by RICHARD SCHEIBERLE
Awesome truth telling book that reveals both Democrat and Republican political parties and politicians as puppets of Wall Street "Banks", written by a brilliant UC... Read morePublished 2 months ago by kirk
This book continues my run of bad luck with polemics. I like writers who get angry at what our financial elite, including those passing through the White House revolving door,... Read morePublished 3 months ago by Interested customer
Predator Nation is a scathing indictment of modern capitalism and the political system that supports it. Read morePublished 4 months ago by MTTS
Initially I bought this book for my college course and wasn't really sure what it was all about. I honestly think it's an incredibly interesting and important book for anyone to... Read morePublished 4 months ago by AKVal