The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the Next Financial Crisis
✍ Scribed by Ivry, Bob
- Book ID
- 109069868
- Publisher
- PublicAffairs
- Tongue
- English
- Weight
- 373 KB
- Category
- Fiction
- ISBN-13
- 9781610393669
No coin nor oath required. For personal study only.
✦ Synopsis
"My daughter called me from school one day and said, Dad, what's a financial crisis?' And without trying to be funny, I said, It's something that happens every five to seven years.'"
--Jamie Dimon, CEO of JPMorgan Chase, January 13, 2010
We called it a financial crisis, but what happened in 2008 was really a leveraged buyout of the United States. What the political-financial types did in the months and years after the crisis was engineer a closed loop that never touched the muddy ground or rippled the clothing of an actual person. Wall Street would originate the mortgages and Washington would buy them.
While it's undoubtedly true that many, many Americans had a hand in pushing the U.S. economy to the brink of ruin in 2008, only the bankers and their algorithm-obsessed shadows got or stayed rich with the help of their government in the years following. There was nothing in the rulebook to prohibit Washington from funneling cash to strapped homeowners rather...
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### Review "...comprehensive and chilling..." -\_TIME\_ "...his action scenes are intimate and engaging..." -\_The New Yorker\_ "Sorkin's prodigious reporting and lively writing put the reader in the room for some of the biggest-dollar conference calls in history. It's an entertaining book,
Andrew Ross Sorkin delivers the first true behind-the-scenes, moment-by-moment account of how the greatest financial crisis since the Great Depression developed into a global tsunami. From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington,
О финансовом кризисе пишут много и охотно. Еще бы, в течение нескольких дней 2008 года на глазах всего мира рушилась гигантская экономика США, а огромные банки рассыпались, словно карточные домики. Но книга, которую написал постоянный корреспондент New York Times Эндрю Росс Соркин, уникальна. Это вз