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13 Bankers: The Wall Street Takeover and the Next Financial Meltdown
by Simon Johnson, James Kwak
- Used
- Condition
- Used - Good
- ISBN 10
- 0307379051
- ISBN 13
- 9780307379054
- Seller
-
Waltham, Massachusetts, United States
Payment Methods Accepted
About This Item
Pantheon. Used - Good. . good. All orders guaranteed and ship within 24 hours. Your purchase supports More Than Words, a nonprofit job training program for youth, empowering youth to take charge of their lives by taking charge of a business.
Synopsis
Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks--Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley--which together control assets amounting, astonishingly, to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic "business as usual" practices. How did this come to be--and what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy.In 13 Bankers, Simon Johnson--one of the most prominent and frequently cited economists in America (former chief economist of the International Monetary Fund, Professor of Entrepreneurship at MIT, and author of the controversial "The Quiet Coup" in The Atlantic)--and James Kwak give a wide-ranging, meticulous, and bracing account of recent U.S. financial history within the context of previous showdowns between American democracy and Big Finance: from Thomas Jefferson to Andrew Jackson, from Theodore Roosevelt to Franklin Delano Roosevelt. They convincingly show why our future is imperiled by the ideology of finance (finance is good, unregulated finance is better, unfettered finance run amok is best) and by Wall Street's political control of government policy pertaining to it.As the authors insist, the choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be "small enough to fail."Lucid, authoritative, crucial for its timeliness, 13 Bankers is certain to be one of the most discussed and debated books of 2010.From the Hardcover edition.
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Details
- Bookseller
- More Than Words Inc.
(US)
- Bookseller's Inventory #
- WAL-G-0c-002263
- Title
- 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown
- Author
- Simon Johnson, James Kwak
- Book Condition
- Used - Good
- Binding
- Hardback
- ISBN 10
- 0307379051
- ISBN 13
- 9780307379054
- Publisher
- Pantheon
- Place of Publication
- New York
- This edition first published
- 2010-03-30
Terms of Sale
More Than Words Inc.
30 day return guarantee, with full refund including original shipping costs for up to 30 days after delivery if an item arrives misdescribed or damaged.
About the Seller
More Than Words Inc.
Biblio member since 2016
Waltham, Massachusetts
About More Than Words Inc.
More Than Words empowers youth who are in foster care, court-involved, homeless or out of school to take charge of their lives by taking charge of a business. MTW believes that when system-involved youth are challenged with authentic and increasing responsibilities in a business setting, and are given high expectations and a culture of support, they can and will address personal barriers to success, create concrete action plans for their lives, and become contributing members of society. More Than Words began as an online bookselling training program for youth in DCF custody in 2004 and opened its vibrant bookstore on Moody St in Waltham in 2005 and added its Starbucks coffee bar in 2008. MTW replicated its model in the South End of Boston in 2011, thereby doubling the number of youth served annually.
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