Posts filed under “Bailout Nation”

Bailout Nation Reviews (So Far)

Here are the full run of reviews of the book:

Mainstream Media Reviews

New York Times:
Rescues Unlimited: Government as Wall Street’s Enabler
NYT, August 2, 2009

Wall Street Journal:
… And Dave Has His Book List
WSJ, July 26, 2009

Greenspan Flunks Test, Bush Falls Into $15 Trillion Pit: Books
Review by James Pressley
Bloomberg, May 27 2009

Book Review: Rescue Fatigue
Michael Maiello, 07.16.09, 12:01 AM EDT
Barry Ritholtz’s ”Bailout Nation.”

Asia Times
Named and shamed
Reviewed by Muhammad Cohen

The roots of ‘Bailout Nation’
Commentary: Ritholtz book dissects crisis and Greenspan
By Howard Gold

Bailout study widens the “Big Picture”
Thu Jun 11, 2009 3:47pm EDT
By Pedro Nicolaci da Costa

Miami Herald
Economics stories can be unexciting, but recent books try to keep their readers awake.
Miami Herald, Monday, 06.01.09


Las Vegas Business Press
Big bailouts a perversion of capitalism, author argues
October 05, 2009

The Hindu
Faux capitalists look for the free lunch
D. Murali
September 19, 2009

ABC News
‘Self-Inflicted Damage’: Highlights From ‘Bailout Nation’
New Book From Bailout Critic Barry Ritholtz Takes on Citigroup, Chrysler and More
ABC NEWS Business Unit, May 27, 2009

See also First Amendment Award for Outstanding Journalism: Best Book Bailout Nation

Blog Reviews:
Read More

Category: Apprenticed Investor, Bailout Nation, Books

$15,000 Home Buyers Credit Costs $292,000/home

I have long argued that home prices are elevated, and until they normalize, the economy will be stuck in the doldrums. I even wrote a chapter of Bailout Nation, titled “The Virtue of Foreclosure.” I make a basic economic argument that the excess credit of the 2001-07 era is unwinding, and foreclosures are part of…Read More

Category: Bailout Nation, Bailouts, Credit, Real Estate

Investment Book of the Year

> Every year, Stock Traders Almanac selects what they determine to be the best investment books of the previous year, plus their selection for the top pick. I am both grateful and humbled by their for the 2010 edition selection of Bailout Nation as “Investment Book of the Year.” More here . . . >

Category: Bailout Nation

Stock Traders Almanac Investment Book of the Year

I am both grateful and humbled by the selection of Bailout Nation as Stock Traders Almanac Investment Book of the Year. Below is the PDF page from the 2010 edition, written by Jeff Hirsch: > 2010 Best Book > And at

Category: Bailout Nation, Books

Correcting a Review of Bailout Nation

There was a nice review Monday in the Las Vegas Business Press that, unfortunately, had one significant error. (I don’t mean something I disagree with, I mean a factual mistake). I wrote the reviewer thanking him for “the kind words about Bailout Nation” — but gently noted this small correction in the review regarding “Who…Read More

Category: Bailout Nation

Asia Times Review of Bailout Nation

Terrific book review for Bailout Nation in Asia Times: “For the past three decades, finance replaced doctor or lawyer as the smart career choice. The cleverest people gravitated to business schools and then to Wall Street, some detouring to Silicon Valley during the dot-com boom. So how did these masters of the universe create the…Read More

Category: Bailout Nation, Books

Faux capitalists look for the free lunch

Bailout Nation gets reviewed in India! > The Hindu : Faux capitalists look for the free lunch The US President Barack Obama, despite being articulate, is allowing his team to sound like philosophers and researchers when they explain what is going on in the marketplace and what the business plan is to fix it, rues…Read More

Category: Bailout Nation, Books

6 Simple Ways to Reform Wall Street


from Yahoo Tech Ticker:

• Reinstate Glass-Steagall Separating banks from brokerage firms guarantees that “when Wall Street hits the wall… it doesn’t cause the banks to do the same,” says Ritholtz, who claims the Act was a major reason why the economy didn’t come crashing down along with stocks in October 1987.

• Repeal the Commodity Futures Modernization Act This rule “allowed derivatives to be exempt from all the rules that affect every other traded financial instrument,” and was a root cause of AIG’s problems, he says.

• Overturning the so-called Bear Stearns rule allowing leverage beyond 12 to 1 The SEC’s 2004 rule change, which eliminated some leverage restrictions on investment banks in favor of capital requirements by type of asset was a mistake, says Ritholtz. “Without overturning that, give us 5-10 years, we’ll be right back where we started.”

• Continuing to allow high-risk trades to be compensated regardless of profitability This issue is one already being addressed by the so-called Pay Czar Kenneth Feinberg.

• Regulating the non bank sub-prime lenders and mandating (and enforcing) lending standards This one is pretty self-explanatory and one few argue as a key reason for the subprime debacle.


Forget Obama’s Speech, Here Are 6 Simple Ways to Reform Wall Street
Peter Gorenstein
Yahoo Tech Ticker, Sep 15, 2009’s-Speech-Here-Are-6-Simple-Ways-to-Reform-Wall-Street

Category: Bailout Nation, Video


If this sort of thing interests you  . . . BARRY RITHOLTZ, AUTHOR, “BAILOUT NATION” Tuesday, September 1 2009 In “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy,” Barry Ritholtz identifies the financial lenders, regulators, and politicians he holds responsible for the current financial crisis. Washington, DC :…Read More

Category: Bailout Nation

How the Bailouts Should Have Gone

I did a short interview with Rick Newman of US News on the state of Bailouts. Here is a quick excerpt: “The ideal bailout is not a bailout of reckless financiers. It’s like the government equivalent of a hospice for dying companies, involving no taxpayer money and no moral hazard. And the people who behaved…Read More

Category: Bailout Nation, Bailouts, Media