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A wonderful, albeit heavily detailed account, of Einhorn's search for corporate justice. Given what has happened in the capital markets the past several years, it is easier now to understand the incompetence of regulators. Still, it is a little curious that Einhorn found so few takers of his perspective among what would have appeared to be unbiased professionals (journalists, professors, investors). Also disappointed how casually he dismissed the abusive and illegal tactics of naked short selling. But he does tell a convincing tale and one that should make us think every time we read a glowing account from a Wall Street analyst.
My biggest disappointment was the absence of the epilogue that is included in the newly published book version. Since Allied hit the wall after the completion of this book, I was very much looking forward to hearing how the market finally caught on to the systematic fraud and deception. It would be nice if Audible.com could offer this add-on to its customers who bought this book.
25 of 26 people found this review helpful
Would you listen to Fooling Some of the People All of the Time again? Why?
Yes. I am very unsophisticated about the financial system. Since the Recession began I have comprehended small bits of what happened and who the players are, but the picture is so big it's overwhelming. There is plenty of blame and finger-pointing to go around. This is essentially the story of one man's attempt to call attention to corporate criminal behavior and hold the felons accountable. However, it gave me a window into the workings of the financial system, its non-regulators, and the how fraud corrupts our political and financial system to threaten our way of life. I also gained insite into the paralysis of government, and why our politicians have become so unrepentant about their corruption.
What other book might you compare Fooling Some of the People All of the Time to and why?
The Sociopath Next Door because it explains institutional sociopathy clearly without completely talking down to the reader. Pushing readers out of their intellectual laziness without alienating them, when it's so much easier to take spoon-feedings from those who have the most to gain by fooling them, is a challenge beyond the grasp of most writers.. Most forms of media try to reduce your concentration level, so grabbing your attention and forcing you to work at understanding something complex, requires continually reminding the reader the information is important to them.
Which character – as performed by L. J. Ganser – was your favorite?
The author/protagonist's matter-of- fact incredulity was refreshing.
If you were to make a film of this book, what would be the tag line be?
The Roman Empire with computers.
Any additional comments?
I was depressed that our problems seem so unfixable, yet the writer's unflagging optimism shines though. Hopefully, enough "smart people" will realize that winning by everyone else losing will ultimately erode the prey base so much they can't survive either.
4 of 4 people found this review helpful