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The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.
From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most volatile, anxiety-ridden era in our nation's socioeconomic history. The winner of the 2009 Investigative Reporters and Editors Award for Books, The Sellout traces the recent implosion of the financial services business back to its roots in the late 1970s, when Wall Street embraced a new business model predicated on enormous risk. Gasparino reveals a startling trail of culpability—from the government bureaucrats who crafted housing policies to the Wall Street firms that underwrote and invested in risky debt, to the mortgage sellers who indiscriminately handed out loans, and finally to the homeowners who thought they could afford mansions on blue-collar wages.--This text refers to an alternate Paperback edition.
I wish sec, fed and all regulators around the globe had it as a compulsory reading. Although conclusions look rather naive and emotional.Published 2 months ago by Anda suelto
For some of us who lived through the 2008 era, it may not look so serious. But when you put a 50 year perspective, it is a very daunting era. Read morePublished 2 months ago by rpv
A very informative book about the corruption and indifference that caused the 2007/2008 financial crisis. Read morePublished 3 months ago by Homer
Very revealing. Well documentated and informative..the information was put together in an order that made following easy and not boring as I anticipated it would be.Published 6 months ago by bill
I have read so many books about what happened during the meltdown. Charlie Gasparino takes you back into the ;70's and '80's to give you some insight into the character of these... Read morePublished 6 months ago by Marrette Chambers
Charlie si excellent, becasue he is so good, most people pan him and his content. The wise understand, the stupid stay stupid.Published 7 months ago by william a robinson
Quite informative for me and learnt of all the jargons of the instrutments involved and the people using them and of their behavior.Published 11 months ago by Margaret Wong
Finnace books are often a bit tedious but present a subject worth being educated about. This book was different. Read morePublished 23 months ago by David Taylor
But he left me with more questions than answers.
Some background...I found the book at the free dropoof at my gym. Read more