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The 86 Biggest Lies on Wall Street |
Product Details
ISBN-10
1-58322-887-X
ISBN-13
978-1-58322-887-6
Publication Date
Jun 2009
Nb of pages
256
Dimensions 5.5 x 8.3 in.
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DescriptionHow strong was the American economy going into the present crisis? How strong will it be a year from now? How about five years from now? Investors and citizens around the world realize, as never before, that we were misled—lied to—about the stability of our financial system. But what now? John R. Talbott's ingenious new book, The 86 Biggest Lies on Wall Street, exposes the lies and then exposes us to the truth of what it will take to rebuild our economy. As a former investment banker at Goldman Sachs, Talbott knows firsthand how the financial system operates and what it will take to fix it. As the "oracle" who predicted the housing crisis in his 2003 book, The Coming Crash in the Housing Market, warned of a global banking crisis in his 2006 book, Sell Now, and called the election for Obama when the senator from Illinois was still the underdog in Obamanomics, Talbott' s revelations about how the Street and the economy really work are as clear-eyed and undeniable as his predictions and recommendations for our economic future are tough, sensible and exciting. We may ignore them at our own peril. What will people be talking about in years to come? To find out, read John Talbott now.
Simon Johnson and John Talbott's three-part email exchange on the economic crisis: ReviewsPress Reviews
A surprisingly readable and accessible rundown of the root causes of the crisis. . . No doubt there were will be more scholarly books written in coming years about the Great Recession. But Talbott, a
- The Age
...more
Tribune Magazine
Talbott has done us a service by taking a calm and thorough look at this number-crunching recession and offers evidence that truth was not high on the priority list of the scoundrels in this global
...more
Duffbert's Random Musings
I love books that take conventional wisdom, the things "everyone knows to be true", and puts them under the microscope for renewed examination. John R. Talbott does this to Wall Street and
...more
Experts
Wall Street has all but completely abandoned its original purpose of providing reliable systems of finance that are necessary for economic development and human well being. Instead, it has ...more
-Joel Magnuson
As John R. Talbott proves in The 86 Biggest Lies on Wall Street, anyone who has ever suspected the evening news was feeding them a line of crap was right. Here, in straightforward ...more
-Ted Rall
In demolishing these lies, John's book presents a series of radical and far-reaching reforms and measures that every saver, pensioner, job-seeker and working person will want to read, and which every banker and politician will hope they don't.
-Nick Robinson of Constable & Robinson Related News
Talbott hits hard. . . As it stands now, everyone up and down the line is getting away with it when it comes to predatory mortgage lending, from the brokers at the bottom to the investors ...more
Washington Independent |
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