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From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most recent volatile, anxiety-ridden era in our nation's socioeconomic history. The Sellout traces the implosion of the financial services business back to its roots in the late 1970s when Wall Street embraced a new business model predicated on taking enormous risks. It shows how a backwater business involving the trading of risky bonds packed with mortgages showered countless billions in profits on the financial industry but sowed the seeds of its ultimate demise. Gasparino walks readers through Wall Street's three-decades' love affair with risk, revealing a trail of culpability-from the government bureaucrats who crafted housing policies that encouraged homeownership, to the Wall Street firms that underwrote and invested in risky debt, to the mortgage sellers who handed out loans to people without the financial wherewithal to pay them back, to the homeowners who became convinced they could afford mansions on blue-collar wages. The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.In the spirit of classics such as Barbarians at the Gate and Liar's Poker, this page-turning narrative captures how avarice, arrogance, and sheer stupidity eroded Wall Street's dominance and profoundly weakened the financial security of millions of middle-class Americans. Eye-opening and engrossing, The Sellout provides the most thorough investigation to date of this latest gilded era.
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Previews available in: English
Subjects
Financial crises, Business, Avarice, Nonfiction, History, Investment advisors, Brokers, Investment analysisTimes
21st centuryEdition | Availability |
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1
The sellout: how three decades of Wall Street's greed and stupidity destroyed America's dominance of the global financial system
2009, Wiley
in English
- 1st ed.
0061697168 9780061697166
|
aaaa
Libraries near you:
WorldCat
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2
The sellout: how three decades of Wall Street greed and government mismanagement destroyed the global financial system
2009, Harper Business
in English
- 1st ed.
0061697168 9780061697166
|
zzzz
Libraries near you:
WorldCat
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3 |
zzzz
Libraries near you:
WorldCat
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4
The sellout: how three decades of Wall Street's greed and government mismanagement destroyed the global financial system
2009, Wiley
in English
- 1st ed.
0061697168 9780061697166
|
zzzz
Libraries near you:
WorldCat
|
5
The sellout: how three decades of Wall Street's greed and government mismanagement destroyed the global financial system
2009, Wiley
in English
- 1st ed.
0061697168 9780061697166
|
zzzz
Libraries near you:
WorldCat
|
Book Details
Published in
New York
Table of Contents
Edition Notes
Includes bibliographical references and index.
Classifications
The Physical Object
ID Numbers
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