There are dozens of books analyzing the recent financial meltdown and prescribing measures to guarantee that it never happens again. But this one is special. In less than 200 pages, Gelinas gets to the core of the problem - the government adoption of "too big to fail" and the consequent weakening of market discipline. In the final chapter she discusses measures that could prevent or ameliorate future crises, but doesn't offer much hope they will be adopted. Even when discussing complex financial instruments or accounting, her writing is concise and as jargon-free as possible. If you have only limited understanding of financial markets, this book is a great introduction to recent events. But even financial professionals will benefit from the insight and perspective she brings.
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