The Looting of America (Record no. 12429)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02869nam a2200181 4500 |
| 010 ## - LIBRARY OF CONGRESS CONTROL NUMBER | |
| LC control number | 2009014181 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781603582056 |
| 024 ## - OTHER STANDARD IDENTIFIER | |
| Standard number or code | 317918990 |
| 050 ## - LIBRARY OF CONGRESS CALL NUMBER | |
| Classification number | HG181 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 330.973 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Les Leopold |
| 245 1# - TITLE STATEMENT | |
| Title | The Looting of America |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | Chelsea Green Publishing |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 240 pages |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | "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 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. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Economics |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Date acquired | Total checkouts | Full call number | Barcode | Date last seen | Copy number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lake Chapala Society | Lake Chapala Society | 12/16/2015 | 330.97 LEOP | 62575 | 07/17/2024 | 1 | 07/17/2024 | Book |