Just in time for the debate over financial reform and regulation comes 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Kirkus Reviews calls it "[a] stinging indictment of the reckless "new American oligarchy" that led the nation to an economic precipice-and which, because of the government bailout, the authors say, threaten to put U.S. taxpayers on the hook again. The authors argue convincingly that the philosophy behind the bailout-"too big to fail"-only consolidated more power in fewer firms, solidifying the remaining giants' influence over legislation and necessitating their breakup into smaller units. A detailed, dismaying and damning summation of recent Wall Street-Washington collusion-and the recurrent risk of financial folly." Check it out!
Tuesday, April 20, 2010
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