The Wall Street Takeover and the Next Financial Meltdown
Publication Date: March 2010
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Simon Johnson and James 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.
Simon Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT's Sloan School of Management and a senior fellow of the Peterson Institute for International Economics. A former chief economist of the International Monetary Fund, he is coauthor, with James Kwak, of The Baseline Scenario, a leading economic blog. James Kwak has had a successful business career as a consultant for McKinsey & Company and as a software entrepreneur. He is coauthor, with Simon Johnson, of The Baseline Scenario, a leading economic blog. Actor Erik Synnestvedt has recorded nearly two hundred audiobooks for trade publishers as well as for the Library of Congress Talking Books for the Blind program. They include The Day We Found the Universe by Marcia Bartusiak, A Game as Old as Empire edited by Steven Hiatt, and Twitter Power by Joel Comm.
Simon Johnson is co-author of the book 13 Bankers, about how deregulation and Wall Street's relationship with Washington contributed to the financial crisis. Johnson says there's no virtue whatsoever in huge banks More at NPR.org
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"Erik Synnestvedt reads with a strong and clear voice and an appropriate edge of indignation at the hubris of our nation's most powerful bankers." ---Publishers Weekly Audio Review