business “A disturbing and painstakingly researched account.” —Alan Grayson, U.S. congressman
Simon Johnson and James Kwak
The Wall Street Takeover and the Next Financial Meltdown Simon Johnson and James Kwak examine not only how Wall Street’s ideology, wealth, and political power among policy makers in Washington led to the financial debacle of 2008 but also what the lessons learned portend for the future.
In 13 Bankers, 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.
Read by Erik Synnestvedt
Category: Business/Finance Running Time: 9 hrs 30 min - Unabridged Hardcover: 03/30/2010 (75,000 Pantheon) Territory: North America On Sale Date: 04/12/2010 Trade 9781400116843 8 Audio CDs $34.99 Library 9781400146840 8 Audio CDs $69.99 MP3 9781400166848 1 MP3-CD $24.99 Simon Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT’s Sloan School of Management and a senior fellow of the Peterson Institute for International Economics. A former chief economist of the International Monetary Fund, he is coauthor, with James Kwak, of The Baseline Scenario, a leading economic blog. James Kwak has had a successful business career as a consultant for McKinsey & Company and as a software entrepreneur. He is coauthor, with Simon Johnson, of The Baseline Scenario, a leading economic blog. Voice-over artist and actor Erik Synnestvedt has recorded nearly 200 audiobooks, including The Day We Found the Universe by Marcia Bartusiak and Twitter Power by Joel Comm.
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.” Marketing • Appearances on PBS NewsHour, The Today Show, The Colbert Report, HBO’s Real Time with Bill Maher, NPR’s The Diane Rehm Show, and All Things Considered • USA Today cover story (money section) • Satellite radio tour • Five-city author tour: Boston, Chicago, New York, San Francisco, and Washington, D.C. Praise for 13 bankers
“If the wads of money you’ve stuffed into your mattress for safekeeping don’t keep you up at night, Simon Johnson and James Kwak’s 13 Bankers will—a disturbing and painstakingly researched account.” —Bill Moyers “We should heed the lesson that Simon Johnson and James Kwak draw: the continued concentration of economic and political power makes future economic crises inevitable and undermines democracy.” —Brad Miller, U.S. congressman “A provocative prescription for avoiding a repeat of the panic of 2008.” —San Francisco Chronicle
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