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The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class Hardcover – Deckle Edge, May 29, 2012
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"A compelling indictment of our global financial system. If you think the size, structure, and incentives of our biggest banks are not a cause for concern, you have not been paying attention. Michael Casey will set you straight." ―Simon Johnson, Professor of Entrepreneurship at MIT Sloan School of Management and co-author of 13 Bankers and White House Burning
"The financial crisis is more than a story of complex securities and big banks. It is a global crisis and, for all too many, a personal tragedy. Michael Casey succeeds in making these connections like few others." —Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley, and author of Exorbitant Privilege.
“A Wall Street Journal managing editor and columnist explains how the distorted policies underlying the global financial system undermine the Average Joes of all nations…A well-reported, deeply serious appraisal of the exceptional damage a dysfunctional system inflicts.” —Kirkus
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Top Customer Reviews
Mr. Casey takes something of a Thomas L. Friedman approach by finding people around the globe who typify certain situations like foreclosure, bankruptcy, sweatshop work, and outsourcing, and uses these examples to flesh out a broader narrative. There is also a complete analysis of the Euro-zone crisis, the global banking industry, the Federal Reserve, and a great chapter on Iceland's financial collapse and subsequent policy changes that we could all learn from.
A very worthwhile read that can teach all of us to be better stewards of the gifts we've been given.
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How Our Broken Financial System Destroys the Middle Class
Michael J. Casey
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