The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street

Scheer, Robert

ISBN 10: 1568584342 / ISBN 13: 9781568584348

Edité par Aspect, 2010

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. N° de réf. du vendeur G1568584342I4N00

Synopsis :

In The Great American Stickup , celebrated journalist Robert Scheer uncovers the hidden story behind one of the greatest financial crimes of our time: the Wall Street financial crash of 2008 and the consequent global recession. Instead of going where other journalists have gone in search of this story- the board rooms and trading floors of the big Wall Street firms- Scheer goes back to Washington, D.C., a veritable crime scene, beginning in the 1980s, where the captains of the finance industry, their lobbyists and allies among leading politicians destroyed an American regulatory system that had been functioning effectively since the era of the New Deal. This is a story largely forgotten or overlooked by the mainstream media, who wasted more than two decades with their boosterish coverage of Wall Street. Scheer argues that the roots of the disaster go back to the free-market propaganda of the Reagan years and, most damagingly, to the bipartisan deregulation of the banking industry undertaken with the full support of"progressive&rdquo Bill Clinton. In fact, if this debacle has a name, Scheer suggests, it is the"Clinton Bubble,&rdquo that era when the administration let its friends on Wall Street write legislation that razed decades of robust financial regulation. It was Wall Street and Democratic Party darling Robert Rubin along with his clique of economist super-friends- Alan Greenspan, Lawrence Summers, and a few others- who inflated a giant real estate bubble by purposely not regulating the derivatives market, resulting in the pain and hardship millions are experiencing now. The Great American Stickup is both a brilliant telling of the story of the Clinton financial clique and the havoc it wrought- informed by whistleblowers such as Brooksley Born, who goes on the record for Scheer- and an unsparing anatomy of the American business and political class. It is also a cautionary tale: those who form the nucleus of the Clinton clique are now advising the Obama administration.

À propos de l'auteur: Robert Scheer, former foreign correspondent for the Los Angeles Times, is editor-in-chief of Truthdig and a senior lecturer at the University of Southern California's Annenberg School for Communication. He lives in Los Angeles.

Détails bibliographiques

Titre : The Great American Stickup: How Reagan ...
Éditeur : Aspect
Date d'édition : 2010
Reliure : Paperback
Etat : Very Good
Etat de la jaquette : No Jacket