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Publisher's Summary

There was no single, dramatic event that set the current financial crisis off. A whole series of very questionable decisions by many people, in many places, over a period of years, built up the pressures that led to a sudden collapse of the housing market and of financial institutions that began to fall like dominoes as a result of investing in securities based on housing prices.This book is designed to unravel the tangled threads of that story. It also attempts to determine whether what is being done to deal with the problem is more likely to make things better or worse.
©2009 Thomas Sowell; (P)2009 Blackstone Audio, Inc.
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Critic Reviews

"Among economists of the past thirty years, [Sowell] stands very proud indeed." (Wall Street Journal)
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Customer Reviews

Most Helpful

By Adolphe on 08-04-09

Inciteful Non partisan blame

I read other reviews of this book before buying. The ones who rated it poorly seemed never to have read the book in its entirety.
Mr Sowell is a gifted communicator. He backs up his view with facts and statistics. He implicates those who deserve blame regardless of political affiliation, or business affiliation. He calls it like he sees it and I concur with the evidenciary findings he brings to light.

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10 of 10 people found this review helpful


By AndyK on 03-07-11

Informative, especially for this liberal listener

I was reluctant to hear Sowell due to his right leaning, and my left leaning, politics. But I am very glad I did. His book is very clearly written. While I did not agree with all of his suppositions and conclusions, I found them to be well reasoned and supported. I also found his tone to be far less severe than I feared. He does not treat the left with kid gloves, but he does not employ the hyperbole and theatrics of other current conservative authors. Most important is that I feel much more informed, and curious, about economics and politics as a whole after having listened to this book. Any book that held my attention though out, and inspired me to ask more questions and seek more information, is a 4-5 star listen for me. What makes this one a 5 star listen is the excellent narration by Robertson Dean (who kept reminding me of a serious Elliot Gould).

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5 of 5 people found this review helpful

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