Friday 20 August 2010

The Looting of America

The Looting of America



Author: Les Leopold
Edition:
Publisher: Chelsea Green Publishing
Binding: Paperback
ISBN: 1603582053
Price:
You Save: 60%




The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It



"I loved this book.The Looting of America review. A worms'-eye dissection of the Wall Street crisis from a very sharp and very knowledgeable labor economist. Here's hoping that before the Washington consensus gets set in stone, policymakers will read it and reflect on the havoc the masters of the universe have wreaked on ordinary people."
--Charles Morris, author of The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash and Money, Greed, and Risk: Why Financial Crises and Crashes Happen
How could the best and brightest (and most highly paid) in finance crash the global economy and then get us to bail them out as well? What caused this mess in the first place? Housing? Greed? Dumb politicians? What can Main Street do about it?

In The Looting of America, Leopold debunks the prevailing media myths that blame low-income home buyers who got in over their heads, people who ran up too much credit-card debt, and government interference with free markets. Instead, readers will discover how Wall Street undermined itself and the rest of the economy by playing and losing at a highly lucrative and dangerous game of fantasy financeRead full reviews of The Looting of America ....

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Read Profit Without Honor: White-Collar Crime and the Looting of America (Paperback) reviews by

Profit Without Honor: White-Collar Crime and the Looting of America (Paperback)
Profit Without Honor clearly exposes the battle between personal gain and individual integrity and provides a comprehensive overview of white-collar crime in American society. Presenting a vivid picture of all types of white-collar crime, the book covers high-profile cases, the latest trends in criminal activity and a thorough discussion of the victims and consequences of these criminal behaviors. This edition addresses the current economic crisis and discusses its causes, cases and participants. Utilizing both academic and popular sources, the book challenges readers to grasp the importance a

The Looting of America ...
The Looting of America CHELG 9781603582056 09781603582056

The Looting Of America: How Wall Street
Store Search search Title, ISBN and Author The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity--And What We Can Do about It by Les Leopold Estimated delivery 3-12 business days Format Paperback Condition Brand New I loved this book. A worms -eye dissection of the Wall Street crisis from a very sharp and very knowledgeable labor economist. Here s hoping that before the Washington consensus gets set in stone, policymakers will read it and

Profit Without Honor: White Collar Crime And The Looting Of America (5th Edition
Product Category :Books ISBN :0135154685 Title :Profit Without Honor: White Collar Crime and the Looting of America (5th Edition)EAN :9780135154687 Authors :Stephen M. Rosoff, Henry N. Pontell, Robert Tillman Binding :Paperback Publisher :Prentice Hall Publication Date :2009-10-25 Pages :656 Signed :False First Edition :False Dust Jacket :False List Price (MSRP) :74.40 Height :1.2000 inches Width :6.9000 inches Length :8.9000 inches Weight :1.8500 pounds Keywords :Jurisprudence, Criminology, Tr

The Looting Of America: How Wall Street
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The Looting of America Reviews


A worms'-eye dissection of the Wall Street crisis from a very sharp and very knowledgeable labor economist. Here's hoping that before the Washington consensus gets set in stone, policymakers will read it and reflect on the havoc the masters of the universe have wreaked on ordinary people."
--Charles Morris, author of The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash and Money, Greed, and Risk: Why Financial Crises and Crashes HappenHow could the best and brightest (and most highly paid) in finance crash the global economy and then get us to bail them out as well? What caused this mess in the first place? Housing? Greed? Dumb politicians? What can Main Street do about it?

In The Looting of America, Leopold debunks the prevailing media myths that blame low-income home buyers who got in over their heads, people who ran up too much credit-card debt, and government interference with free markets. Instead, readers will discover how Wall Street undermined itself and the rest of the economy by playing and losing at a highly lucrative and dangerous game of fantasy finance.

He also asks some tough questions:
  • Why did Americans let the gap between workers' wages and executive compensation grow so large?
  • Why did we fail to realize that the excess money in those executives' pockets was fueling casino-style investment schemes?
  • Why did we buy the notion that too-good-to-be-true financial products that no one could even understand would somehow form the backbone of America's new, postindustrial economy?
  • How do we make sure we never give our wages away to gamblers again?
  • And what can we do to get our money back?
In this page-turning narrative (no background in finance required) Leopold tells the story of how we fell victim to Wall Street's exotic financial products. Readers learn how even school districts were taken in by "innovative" products like collateralized debt obligations, better known as CDOs, and how they sucked trillions of dollars from the global economy when they failed. They'll also learn what average Americans can do to ensure that fantasy finance never rules our economy again.

As the country teeters on the brink of what could be the next Great Depression, we should be especially wary of the so-called financial experts who got us here, and then conveniently got themselves out. So far, it appears they've won the battle, but The Looting of America refuses to let them write the history--or plan its aftermath.

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