Showing 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown by Simon Johnson

Language:Chinese.Paperback. Pub Date: 2011-12-1 Pages: 316 Publisher: Random House In spite of its key role in creating the ruinous financialcrisis of 2008. the American banking industry has grown bigger. more profitable. and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60percent of the country's gross domestic product. this oligarchyproved it could first hold the global economy hostage and then useits political muscle to fight off meaningful reform. 13Bankers brilliantly charts the rise to power of the financialsector and forcefully argues that we must break up the big banks ifwe want to avoid future financial catastrophes. Updated. with new analysis of the government's recentattempt to reform the banking industry. this is a timely and expertaccount of our troubled political economy.