How Greed and Collusion Made the Credit Crisis Unstoppable (Bloomberg #19)
Bloomberg Press, 9781576603468, 182pp.
Publication Date: February 10, 2010
Bloomberg columnist Mark Gilbert shows how Wall Street's tolerance for extremes made the global credit crunch both foreseeable and inevitable. He offers a blow-by-blow account of what went wrong and what lessons need to be learned from the crisis.
- Gilbert's argument--that everyone with skin in the money game had a vested interest in pretending that nothing could go awry--is a well-defended, compelling indictment of the financial community.
- Gilbert is able to make complex financial events easy to understand.
- His outlook is truly global: this financial crisis respects no geographical boundaries, and Gilbert draws on anecdotes and examples from around the world to make his case.