Bailout nation
how easy money corrupted Wall Street and shook the world economy
by Barry Ritholtz · first published 2009
100% recommend
An engaging look at what led to the financial turmoil we now find ourselves in Bailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation-where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times. Entertaining and informative
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…which you pay them back? And why is it hypocritical to have the government as your main client for an entirely different company (SpaceX)? Barry Ritholtz (the author of the piece) is also the author of Bailout Nation, a book about the financial crisis that I really enjoyed reading. To project his feelings about investment bankers on Elon Musk is taking it one step too far, in my opinion. Calling him hypocritical for…
on “Elon Musk: Visionary or Rent-Seeker?” ↗I highly recommend his book "Bailout Nation," the most comprehensive overview of our current situation. Data driven and very well written.
on “WSJ Jumps the Shark” ↗