Bailout Nation

  • by Barry Ritholtz
  • Narrated by Bill Quinn
  • 10 hrs and 8 mins
  • Unabridged Audiobook

Publisher's Summary

A riveting indictment of those responsible for our current financial messBailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation - where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times.Entertaining and informative, this book clearly shows you how years of trying to control the economy with easy money has finally caught up with the federal government and how its practice of repeatedly rescuing Wall Street has come back to bite them.
The definitive book on the financial crisis of 2008

Names the villains responsible for this tragedy-from financial regulators to politicians

Shows how each bailout throughout modern history has impacted what happened in the future

Examines why the consumer/taxpayer is left suffering in an economy of bubbles, bailouts, and possible inflationScathing, but fair, Bailout Nation is a voice of reason in these uncertain economic times.


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Customer Reviews

Most Helpful

sub-standard audio quality

I liked the content, but I'm not a financial expert either, so it's hard to be critical. However, the quality of the audio is substandard. Two chapters are repeated and you need to fast forward through them when you realize it. Then, the sound level of another couple chapters is noticeably lower than the rest, requiring you to turn up the volume for a period. I used quality 4; not sure it is applies to all downloads.
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- Rorik

A fascinating listen, but flawed

A Fascinating Listen but somewhat flawed. 2 comments
1. If Amazonized Audible insists on competing with its suppliers, it needs to hire some editors. Turgid, repetitive and the epilog worthless.
2. Barry ignores the machinery (back office) which makes the whole monetaryand financial system work
a. How is the Fed funds target rate translate into the interest rate structure. The money market?
b. What exactly do the 19 primary dealers do?
c. The Treasury uses two monster banks to handle its money. JPMChase and BoNY Mellon. How do they work? Political implications?
d. There are some 9K subscribers to the FedWire system. Who are they? Why?
e. What about repos and reverse repos?
f. The role of the DTCC and its nephew, FICC?
All of my questions underpin the system. Why is it ignored by all financial writers?
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- Howard

Book Details

  • Release Date: 06-25-2009
  • Publisher: Audible Studios