13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

Simon Johnson, James Kwak


inspite of its key position in developing the ruinous monetary problem of 2008, the yank banking has grown greater, extra ecocnomic, and extra immune to rules than ever. Anchored by way of six megabanks whose resources quantity to greater than 60 percentage of the country’s gross household product, this oligarchy proved it may possibly first carry the worldwide financial system hostage after which use its political muscle to struggle off significant reform. 13 Bankers brilliantly charts the increase to energy of the monetary region and forcefully argues that we needs to get a divorce the large banks if we wish to stay away from destiny monetary catastrophes.
 
Updated, with new research of the government’s fresh try to reform the banking undefined, this can be a well timed and specialist account of our bothered political economic system.

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