Posts filed under “Bailout Nation”

Bailout Nation Updated Reviews

Here are the most up-to-date collection of reviews for Bailout Nation:

USA Today: “Best books to make sense of financial crisis of 2009”
Miami Herald: “Best business books of 2009”
Marketplace Radio: The best business books of 2009
Stock Trader’s Almanac: “Investment Book of the Year”

“Succeeds in laying out all that transpired in easy-to-understand language. If you want to know how we got into this mess and what might still be coming, this is the book for you.”
-Wall Street Journal

“The author writes with the fury of an insider mortified by the behavior of his heretical peers . . . There is much to be said for the book’s irreverence. Mr. Ritholtz has written an important book about a complicated subject, and yet you could still read it at the beach. Here’s hoping that some policy makers in Washington take it with them on vacation this month.”
-New York Times

“Ritholtz makes a valuable new contribution to our understanding of how we arrived at this sorry juncture. He’s smart, sassy and often amusing. If you’re looking for an all-in-one place explanation of what went wrong and why, this is the book for you (or your confused neighbor).”

“If you read nothing else about money, read [this}: There has been no shortage of books to explain our recent recession, but to understand what the hell we all just lived through and how the fallout is going to affect us for a loooong time to come, read Barry Ritholtz’s Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy. Ritholtz is a scarily smart and righteously angry financial insider, and this book, which rips Wall Street a new one, is gripping and completely comprehensible even if you’ve never bought a stock in your life.”

Bailout Nation’s straightforward, compelling account puts the crisis in context, explains why the US government responded so stupidly, offers solutions, and advises how to prevent a repeat. Ritholtz’s indictment of the financial and political establishment is devastatingly accurate.
-Asia Times

“Before the housing and credit bubbles popped, Barry Ritholtz, a lawyer turned blogger and money manager, was one of the voices crying in the wilderness. His caustic (and occasionally profane) blog, The Big Picture, dissected macroeconomic news and relentlessly cut through spin. His book takes a long view of the roots of the economic crisis, tracing the history of a series of ever more expensive taxpayer-funded bailouts of failed industries.”

“Ritholtz’s book seeks to explain how the United States, once so proud, became “a nanny state for well-paid bankers. Ritholtz may be just the right person to explain the transition to both the disillusioned amateur and the finance junkie. He doesn’t pull his punches or bury the truth in layers of finance-speak, caveats, and disclaimers. Since he began blogging seven years ago, in-the-know readers of his popular blog, The Big Picture, have turned to Ritholtz for his prescient, refreshingly honest commentary on the economy. Anyone interested in understanding the roots of our current crisis should check out the book..”

“A comprehensive crisis scrapbook compiled by the money manager behind the popular financial blog the Big Picture in a quippy, no-nonsense voice…”
-New York Magazine

“These are some of the provocative and even dangerous questions that Barry Ritholtz takes on in Bailout Nation…Above all, Bailout Nation is about the socialization of risk and the privatization of profits.

Category: Bailout Nation, Books

Make Markets Be Markets Conference Videos

Last week, I attended the Make Markets Be Markets conference. All of the videos from the conference are now posted (here). I found Elizabeth Warren’s discussion on the proposed Consumer Financial Protection Agency to be outstanding; I posted it here.

Category: Bailout Nation, Markets

Not Regulatory Imprudence, Nonfeasance~!

In his column titled An Irish Mirror, Paul Krugman notes “the most striking similarity between Ireland and America was “regulatory imprudence”: the people charged with keeping banks safe didn’t do their jobs.”  (emphasis mine) The phrase “regulatory imprudence” is far to imprecise — and wimpy — to describe what took place. Imprudent, as defined by…Read More

Category: Bailout Nation, Federal Reserve

Geithner, Summers Lead FOMC Vacancy Search

Oh, goody, the status quo duo are leading the search for not one but three FOMC governors. These two are notable not only for their devotion to The Street, but for their acute lack of judgment in most matters financial. They are the reason Obama is quite possibly going to be a one term President….Read More

Category: Bailout Nation, Federal Reserve, Inflation

February’s Most Popular Books on TBP

One of the cool things about Amazon is the ability to track what gets purchased when referred from the site. For privacy reasons, I only know what was purchased, not by who — so whoever bought Ginger Lynn’s The Pleasure Hunt video, your secret is safe). I find it intriguing to see which books were…Read More

Category: Bailout Nation, Retail

Stock Twits Interview

I did this interview with Howard Lindzon months ago — forgot all about it until he sent me the embed code for it just now.

Category: Bailout Nation, Bailouts, Books

Bookonomics (or, why writers barely make min. wage)

One of the questions I get all the time is about the economics of the book: How much did it sell, what was your advance, what did it cost to produce. I was thinking about this as I prepare for April 15th, so I did a quick run down of costs. Here is the skinny:…Read More

Category: Bailout Nation, Bailouts, Financial Press, Media

Markets! Finance! Scandal!

I did an interview with Max Keiser out of Germany last week — they only had to bleep me twice.

Category: Bailout Nation, Bailouts, Video

Wages of Failure: Exec Comp at Bear, Lehman 2000-08

I stumbled across a fascinating pierce of research (via a reader) regarding misaligned pay incentives Bear Stearns and Lehman Brothers: “The standard narrative of the meltdown of Bear Stearns and Lehman Brothers assumes that the wealth of the top executives of these firms was largely wiped out along with their firms. In the ongoing debate…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Wages & Income

Stopping Counter-Productive Mortgage Mods and Foreclosure Abatements

“The choice we appear to be making is trying to modify our way out of this, which has the effect of lengthening the crisis. We have simply slowed the foreclosure pipeline, with people staying in houses they are ultimately not going to be able to afford anyway.” -Kevin Katari, managing member of Watershed Asset Management,…Read More

Category: Bailout Nation, Bailouts, Credit, Real Estate