13 Bankers

The Wall Street Takeover and the Next Financial Meltdown

By Simon Johnson; James Kwak
(Vintage Books USA, Paperback, 9780307476609, 316pp.)

Publication Date: January 11, 2011

List Price: $16.95*
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Description

In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes.
 
Updated, with new analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.




About the Author
Simon Johnson (Victoria, Australia) has 10 years experience as an IT security professional with a number of organizations and government departments. He co-founded and managed Shake Communications in 1997, an IT security business. In 1998 he co-founded SecuritySearch.Net, which at the time, was the largest IT security portal on the Internet. SecuritySearch.Net received more than 155,000 page views per month and sent free security newsletters to more than 16,000 subscribers worldwide, per week. The site was sold in 2002 to US security firm GFI. The newsletter subscription arm of the business was sold to US security firm, Relevant Technologies. Johnson has been interviewed in television and print media on IT Security related topics, including Business 2.0, Computerworld, Corporate Risk, CNET News.com, Internetnews.com, Newswire, SBS World News, TechWeb, The Age, Wired Magazine and ZDNet News. He s written content for Total Surveillance by John Parker (Piatkas Publishing UK, 2000) and reviewed the business and e-commerce chapters in the book, Internet and World Wide Web by Deitel (Prentice Hall, 2002).

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