Regular price: $24.49
Buy Now with 1 Credit
Buy Now for $24.49
These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. Prominent economist Simon Johnson and James Kwak give a wide-ranging, meticulous, and bracing account of recent U.S. financial history within the context of previous showdowns between American democracy and Big Finance. They convincingly show why our future is imperiled by the ideology of finance (finance is good, unregulated finance is better, unfettered finance run amok is best) and by Wall Street's political control of government policy pertaining to it.
The choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be "small enough to fail".
Customer ReviewsMost Helpful
By Kyle on 04-11-10
Easy to Understand and Comprehend
My opinion is that I just "read" the Financial History class that everyone should go through. If you want to understand the interplay between politics and finance, this is the book for you. If you want to understand what happened to the market and what can happen, this is the book for you. The author went to great lengths to explain the underlying terms that define the markets and the narrator made it easy to listen to this book for a long time. Well done.
16 of 16 people found this review helpful
By John on 05-12-10
Important book...horribly narrated
This is a valuable contribution to understanding the meltdown of the financial sector and the challenges in putting it right again (including getting regulation right...which Congress seems incapable of handling).
HOWEVER, the narrator is unquestionably THE WORST I have ever encountered in over 300 books (and there have been a number of poor narrators). Synnestvedt's narration sounds like he is, in turns pleased, relieved and proud to reach the end of EVERY sentence. The narration becomes so annoying, even painful, to listen to that the underlying content is diminished.
7 of 7 people found this review helpful