An Inside Account Of How Washington Abandoned Main Street While Rescuing Wall

In the aftermath of the 2008 financial crisis, the United States government bailed out the banks and other financial institutions that had caused the crisis. This bailout was widely criticized as being unfair to the American people, who had to bear the brunt of the economic downturn.

Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

by Leland Ware

4.6 out of 5

Language	:	English
File size	:	2223 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	290 pages

FREE

In this book, author Yves Smith provides an inside account of how the bailout was orchestrated. She argues that the government's decision to rescue Wall Street was based on a fundamental misunderstanding of the financial system. Smith also shows how the bailout has led to a number of long-term problems for the American economy.

An Inside Account Of How Washington Abandoned Main Street While Rescuing Wall is a must-read for anyone who wants to understand the causes and consequences of the financial crisis. Smith's incisive analysis and clear writing make this book an essential guide to the complex world of finance.

Key Points

• The government's bailout of the banks was unfair to the American people.
• The government's decision to rescue Wall Street was based on a fundamental misunderstanding of the financial system.
• The bailout has led to a number of long-term problems for the American economy.

About the Author

Yves Smith is an economist and financial journalist. She is the founder and editor of the website Naked Capitalism. Smith has written extensively about the financial crisis and its aftermath.

Reviews

"An Inside Account Of How Washington Abandoned Main Street While Rescuing Wall is a must-read for anyone who wants to understand the causes and consequences of the financial crisis." - Paul Krugman, Nobel Prize-winning economist

"Yves Smith provides an incisive analysis of the financial crisis and its aftermath. This book is essential reading for anyone who wants to understand the complex world of finance." - Robert Reich, former U.S. Secretary of Labor

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Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

by Leland Ware

4.6 out of 5

Language	:	English
File size	:	2223 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	290 pages

FREE