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Too Big Has Failed: A Primer on How Wall Street Hurts You, and What To Do About It [Kindle Edition]

Scott Cahoon
4.6 out of 5 stars  See all reviews (9 customer reviews)

Kindle Price: $2.99

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Book Description

Chapter 1: The Wall Street Banks
Chapter 2: Casino Capitalism
Chapter 3: Casino Capitalism, Amplified (Derivatives)
Chapter 4: The Borrower's Dilemma
Chapter 5: Crime On Wall Street
Chapter 6: Capturing Washington
Chapter 7: What To Do

At, we've found we can't fully explain certain financial concepts (like derivatives, leverage, and equity) in blog posts.

Therefore, like other advocates for Wall Street reform—such as Michael Lewis or Matt Taibbi—we wrote a book. It's the best way to explain much of why Wall Street needs to be reformed.

This e-book has over 100 endnotes, and it pulls information from our site's lengthy reading list. If you don't have the time or inclination to read the things on that list (or if you don't want to shell out over $300 to buy everything there), then we recommend this e-book, which condenses everything down to 7 simple chapters.

It's written by non-specialists for non-specialists.

Our hope is that by the end of the book you'll understand how you can literally save thousands of dollars by making better choices on retirement accounts and mortgage loans. We also hope that it will be a quick way to gain a simple understanding of what went wrong in the last crisis.


You can also see the book's companion video on YouTube:

Product Details

  • File Size: 1336 KB
  • Print Length: 100 pages
  • Simultaneous Device Usage: Unlimited
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B00EYRUH76
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #573,496 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.6 out of 5 stars
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful
5.0 out of 5 stars an important book September 9, 2013
This book with erudition and plainness describes the impact big finance not only has in the abstract world of the political but also in the day-to-day world of personal and family finances. Not only do they put the country and the world's economies at risk, they make it harder for us to pay for college educations, retirement, life. This is an important book, one that you should read, and one you should share.
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2 of 2 people found the following review helpful
4.0 out of 5 stars Factually sound, but a little sensational September 16, 2013
As a PhD candidate in economics, I really enjoyed this book. It is concise and explains in layman's terms how our nation got into the Great Recession, along with explaining what needs to change in order to prevent a repeat collapse.

The book does a great job of educating the reader about basic financial principles (such as borrowing within our means and making sure our 401(k) isn't actively managed) and the pros and cons of the financial system (why credit is so good and so bad at the same time). It also clearly outlines what got us into the Great Recession (outright lying by financial institutions and shoddy regulation of complex, shady financial instruments called derivatives).

Because of its aims to gather activists to rally for reform on Wall Street, the book has a sensational feel. Some facts which I considered minor are over-emphasized (e.g. arguing that Wall Street's tax avoidance has significantly contributed to our national debt), and the argument against banks is a little too one-sided (nothing good is mentioned about any of the big banks, even though they probably engage in some amount of worthwhile activity).

All in all, this is a great read if you want to hear a different side of the story about how our nation fell into financial ruin. Another great read on the topic is Waffle Street: The Confession and Rehabilitation of a Financier.
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2 of 2 people found the following review helpful
Verified Purchase
This book explains, in an easy-to-understand manner how deregulation in the banking industry and gambling with derivatives led directly to the collapse in 2008. It shows clearly who the culprits, banks and individuals, were and that no bank or individual has paid a price for their crimes. Not only that, but the few biggest banks are now even. More firmly entrenched in their too-big-to-fail status, almost ensuring a future collapse. Many of the individual culprits have rotated through influential government positions with a guarantee of being able to return to the financial sector and their multi-million dollar jobs.

Who loses in all of this? You.

The final chapter explains how you can protect yourself and what you can do to take a stand to prevent it from happening again.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Great, influential, must read December 1, 2013
Verified Purchase
In simple terms explained what is going on with "Wall Street" economy: why it crashed in 2008, and why it is going to crash...And what we can do about it. Incredibly useful references. Absolutely great! Thank you!
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1 of 1 people found the following review helpful
5.0 out of 5 stars A must-read for America November 16, 2013
Verified Purchase
A terrific explanation that gets the reader up to speed on the situation of Wall St., the 2008 crash, and how the corruption continues unabated today!

It's short, concise, easy to read, with just enough jargon to familiarize the reader with the business while providing many simplified explanations of the complex concepts surrounding the issue. As an issue of national importance, every American must be familiar with the concepts and facts outlined in this book.
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