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Publisher's Summary

The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.
From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most volatile, anxiety-ridden era in our nation's socioeconomic history. The winner of the 2009 Investigative Reporters and Editors Award for Books, The Sellout traces the recent implosion of the financial-services business back to its roots in the late 1970s, when Wall Street embraced a new business model predicated on enormous risk. Gasparino reveals a startling trail of culpability - from the government bureaucrats who crafted housing policies to the Wall Street firms that underwrote and invested in risky debt, to the mortgage sellers who indiscriminately handed out loans, and finally to the homeowners who thought they could afford mansions on blue-collar wages.
©2009, 2011 Charles Gasparino (P)2011 HarperCollinsPublishers
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Critic Reviews

"The most comprehensive anecdotal account to date of the crisis.... Gasparino cuts his way through Wall Street rhetoric and in the process uncovers in considerable detail how blind profit-making ambition led to the destruction of the markets." (New York Review of Books)
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Customer Reviews

Most Helpful

By Christopher on 04-12-12

It takes effort to distill the "big picture"

In my opinion the book spends too much time profiling the personalities of those running the banks. No doubt their risk-taking and competitive personalities contributed to the near global meltdown. But that's just part of it. I wish there was more explanation of the system as a whole, more explanation of processes and terminology. The same concepts were repeatedly referred to in different terms. I found that confusing. The book would have been better with wider story arcs and wider perspective, and less focus on the day to day actions of individual players.

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5 of 5 people found this review helpful


By Greg E Helfrich on 01-09-12

Spellbinding!

Would you listen to The Sellout again? Why?

Excellent detail and structure laid out as a story, very well written.

What about Thomas M. Perkins’s performance did you like?

Great voice and enunciation.

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1 of 1 people found this review helpful

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