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13 bankers: the wall street takeover and the next financial meltdown

By: Johnson, Simon.
Material type: materialTypeLabelBookPublisher: New York Pantheon Books 2010Description: 304 p. : ill. ; 25 cm.ISBN: 9780307379054.Subject(s): Bank failures --United States | Banks and banking --United States | Finance --United States | Financial crises --United StatesDDC classification: 332.10973 Summary: Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanksHBank of America, JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan StanleyHwhich together control assets amounting, astonishingly, to more than 60 percent of the countryHs gross domestic product, these financial institutions (now more emphatically Htoo big to failH) continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic Hbusiness as usualH practices. How did this come to beHand what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. (http://www.randomhouse.com)
List(s) this item appears in: Angus Deaton (Nobel 2015)
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Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanksHBank of America, JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan StanleyHwhich together control assets amounting, astonishingly, to more than 60 percent of the countryHs gross domestic product, these financial institutions (now more emphatically Htoo big to failH) continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic Hbusiness as usualH practices. How did this come to beHand what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. (http://www.randomhouse.com)

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