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Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires from Sucking America Dry Paperback – August 21, 2012
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""Greedy Bastards" is superb. Dylan's policy recommendations track with what the Committee for Economic Development has been saying on: health care, the federal deficit, corporate governance, education, a consumption tax, and campaign finance reform. His explanations are clear, and he nails health care with his criticism of the fee-for-service model. "Greedy Bastards "deserves wide readership!"--Charles Kolb, President of the Committee on Economic Development
"Some books explain a problem, this book gives you an entire world view. "Greedy Bastards, "puts everything in context and makes the enormity and entirety of our crises understandable. Dylan, as always, is incisive, sharp and pointed." --Eliot Spitzer
""Greedy Bastards "is a fantastic book! It has the perfect tone and is completely convincing." --Lawrence Lessig, Director of the Edmond J. Safra Foundation Center for Ethics at Harvard University and Professor of Law at Harvard Law School
"Exiles on Wall Street like us have a platform and a responsibility to speak out. Dylan's book shows that our problems don't stem from too much capitalism but not enough of it relative to our jerry-rigged system" --Mike Mayo, financial analyst and author of "Exile on Wall Street"
"Readers will find a great deal to ponder, as Ratigan covers why and how he's certain the USA is 'going seriously wrong.'"--"USA Today"
"Very sharp, funny, and splendidly written, Dylan Ratigan's new book is perfect for Americans disgusted with both our political parties who are trying to understand the roots of our broken economy and political system." -- Thomas Ferguson, University of Massachusetts, Boston and the Roosevelt Institute and author of "Golden Rule"
"Ratigan delivers an energetic, powerful, and at times unsettling portrait of America in crisis ... And even though his portrait of the U.S. is bleak, he believes we have options."--"Publishers Weekly"
""Greedy Bastards" helps us better understand why we suffer recurrent, intensifying financial crises. First, cheating has become the dominant strategy in finance. Second, cheating is dominant because finance CEOs create such intensely perverse incentives that fraud becomes endemic."-- Bill Black, author of"""The Best Way to Rob a Bank is to Own One"""and associate professor of economics and law at the University of Missouri-Kansas City
About the Author
The former global managing editor for corporate finance at Bloomberg News, Ratigan has developed and launched more than half a dozen broadcast and new media properties. They include CNBC’s Fast Money and Closing Bell, as well as DylanRatigan.com, which is home to his podcast, “Greedy Bastards Antidote.”
Ratigan left as host of Fast Money in 2009, provoked by outrage over the government’s handling of the 2008 financial crisis. Since then, he has dedicated his work to launching platforms that engage and debate the U.S. government on policy, while opening the door for millions to learn more about money’s often poisonous role in our democracy. His first book, Greedy Bastards, which will be released on January 10, 2012, details this broken system, and more importantly, illustrates how fixing these problems will release a renaissance of growth and innovation.
Since late September 2011, more than 300,000 people have pledged support, millions of dollars have been raised, and an organization with a staff of a dozen people has been formed under Ratigan’s leadership to pursue the singular objective to pass a 28th Constitutional amendment to separate business and state.
Top Customer Reviews
Chapter 2: The Bailout- If you've followed coverage on the bailout, you know what happened- the Federal Reserve essentially handed taxpayer money over to the big banks, no questions asked, in order to bail them out of their bad investments (The Big Short and It Takes a Pillage are two great books that will provide more detail if you're insterested). The solution that Dylan offers here is to institute CAPITAL REQUIREMENTS. He sees this as the only way to ensure that the banks will use their own money for their schemes, rather than depend on the Fed to come along and bail them out with taxpayer money.
Chapter 3: Outsourcing: In an effort to attract foreign investors, China has devalued its own currency and made cheap labor available to US corporations. American corporations (Wal-mart is a big one) have set up shop in China, taken advantage of cheap labor, and shipped their products back to the U.S. (thanks to import taxes of 2.5% in the U.S., this is feasible. The goods don't stay in China, because the tax on U.S. goods there is 25%). Congress enacts trade laws that favor corporations (low import tariffs) rather than protect the American workforce.
Chapter 4: High Healthcare Costs: the U.S. has one of the highest healthcare costs and a lower life expectancy than other countries. The massive amounts we spend in healthcare detract from other important areas like education. We focus on illness, not prevention, not health.Read more ›
Given the gravity of the subject, you'd expect this to read like a sermon whereas the style is far more like a Rolling Stone magazine piece. There's good use of supporting statistics and evidence (without getting too dry), some interesting synonyms and diagrams and most importantly each chapter ends with recommendations about what can be done to fix these massive problems.
Overall, this is a first-class book that should be at the top of reading list for Americans in 2012. My only caveat is that I wish I'd bought the hardback rather than the Kindle version, since the diagrams can be hard to see fully on screen compared with the print version.
This book is the most cogent argument he has come up with yet, detailing how special interests own every aspect of our government. His analysis is so spot on that I can't even think of how someone against getting money out of politics would argue against it.
Not only does Dylan explain what the problems facing American society are, he comes offers explanations of how these problems can be fixed along with explanations of how his plans would work. Of course, as long as our politicians are bought by "corporate vampires," as he calls them, things will never change.
The right has done a great job convincing people that government is evil and government is the problem not the solution, but Dylan fights back hard proving that simply turning over complex societal problems to businesspeople who are out only to make money for themselves and their investors is a truly bad idea.
The book discusses "misaligned interests" that create waste in the greater economic system. I'm not sure I agree with all the points of this book, but I appreciate its systems approach in evaluating the economy.
I think we should give Ratigan credit for efforts to bring issues in the financial system into the public debate. No politician seems able to do this without a lot of rhetoric and risk to their own careers. Some of these are hot button issues that raise emotions when discussed.
Because the book examines the heart of our financial system in a very critical way, I advise caution for sensitive readers.
Most Recent Customer Reviews
This is one hell of an eye opening book of the true accounts of how these US politicians, big corporate companies and CEO's that are draining this country and middle class... Read morePublished 15 days ago by Garrett Michael Grillo
Dylan is a little nuts but that's why I like him.He is sincere and caring.We had lunch together and his ideas are of caring about everyone.Published 2 months ago by Top buyer
husband found this book interesting. arrived as expected. packaged well.Published 3 months ago by truthsayer
I love the no-nonsense approach to solving many of today's problems - by starting AT THE SOURCE of the problems, not with the symptoms.Published 11 months ago by Amazon Customer
I don't think it is any secret that "Big Money" is running this country now and buying whatever it is that they want, including elections. Read morePublished 14 months ago by Frederick S. Goethel