Download 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown AudioBook Free
Even after the ruinous financial crisis of 2008, America continues to be beset by the depredations of the oligarchy that is currently bigger, more profitable, and even more resistant to legislation than ever before. Anchored by six megabanks, which along control resources amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too large to fail") continue steadily to hold the global current economic climate hostage, threatening just one more financial meltdown with the unnecessary risk-taking and dangerous "business as usual" methods. How performed this come to be-and what is to be achieved? These are the central concerns of 13 Bankers, an excellent, historically informed accounts of our troubled political current economic climate. In 13 Bankers, visible economist Simon Johnson and James Kwak give a wide-ranging, meticulous, and bracing accounts of recent U.S. credit history within the context of earlier showdowns between American democracy and Big Fund. They convincingly show why our future is imperiled by the ideology of funding (funding is good, unregulated funding is way better, unfettered funding run amok is most beneficial) and by Wall structure Street's politics control of federal policy regarding it. The decision that America encounters is stark: whether Washington will accede to the vested pursuits of the unbridled financial sector that operates up gains in good years and dumps its loss on taxpayers in trim years, or reform through stringent regulation the banking system as above all an engine unit of economic development. To restore health and balance to our current economic climate, Johnson and Kwak make a radical yet feasible and targeted proposal: reconfigure the megabanks to be "small enough to fail."
