- File Size: 1388 KB
- Print Length: 100 pages
- Simultaneous Device Usage: Unlimited
- Publication Date: September 3, 2013
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B00EYRUH76
- Text-to-Speech: Enabled
- Word Wise: Not Enabled
- Lending: Enabled
Amazon Best Sellers Rank:
#1,351,943 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #822 in Kindle Store > Kindle Short Reads > Two hours or more (65-100 pages) > Politics & Social Sciences
- #1903 in Kindle Store > Kindle eBooks > Business & Money > Economics > Economic Conditions
- #3461 in Kindle Store > Kindle eBooks > Nonfiction > Politics & Social Sciences > Politics & Government > Ideologies & Doctrines
Too Big Has Failed: A Primer on How Wall Street Hurts You, and What To Do About It Kindle Edition
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Top Customer Reviews
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.
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.
All in all a good read for anyone who wants to get a handle on how we got where we are and what we can do about it.
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.
Most Recent Customer Reviews
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. Read morePublished on December 1, 2013 by Valentina
This book, while discussing complicated issues, uses language that is accessible for those of us not as familiar with the subject at hand. Read morePublished on November 5, 2013 by Sott
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- Kindle Store > Kindle Short Reads > Two hours or more (65-100 pages) > Politics & Social Sciences
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- Kindle Store > Kindle eBooks > Politics & Social Sciences > Politics & Government > Ideologies & Doctrines