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"Provides historical context for the 2008 financial crisis and proposes a radical solution, the megabanks deemed "too big to fail" must be made smaller.--"@en
"13 Bankers describes the rise of concentrated financial power and the threat it poses to our economic well-being. Over the past three decades, a handful of banks became spectacularly large and profitable and used their power and prestige to reshape the political landscape. By the late 1990s, the conventional wisdom in Washington was that what was good for Wall Street was good for America. This ideology of finance produced the excessive risk-taking of the past decade, creating an enormous bubble and ultimately leading to a devastating financial crisis and recession. More remarkable, the responses of both the Bush and Obama administrations to the crisis-bailing out the megabanks on generous terms, without securing any meaningful reform-demonstrate the lasting political power of Wall Street. The largest banks have become more powerful and more emphatically "too big to fail," with no incentive to change their behavior in the future. This only sets the stage for another financial crisis, another government bailout, and another increase in our national debt."
"Updated to include a new afterword on the legislative efforts to reform Wall Street, this best-selling report on today's troubled political economy argues that the American banking system is more resilient and less subject to regulation, identifying the roles of six mega-banks in controlling the global economy."
"Johnson and 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."@en
"Johnson and 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."

genre

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"Electronic books"
"Electronic books"@en

name

http://schema.org/name

"13 Bankers : the Wall Street Takeover and the Next Financial Meltdown"@en
"13 bankers : The Wall Street takeover and the next financial meltdown"
"13 bankers the Wall Street takeover and the next financial meltdown"@en
"13 bankers the Wall Street takeover and the next financial meltdown"
"13 bankers The Wall Street takeover and the next financial meltdown"
"13 bankers : the Wall Street takeover and the next financial meltdown"@en
"13 bankers : the Wall Street takeover and the next financial meltdown"

workExample

http://schema.org/workExample