13 Bankers by Simon Johnson audiobook

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

By Simon Johnson and James Kwak
Read by Erik Synnestvedt

Tantor Audio 9780307379054

Unabridged

Format : Library CD (In Stock)
  • ISBN: 9798200109005

  • ISBN: 9798200108992

  • ISBN: 9798200109012

Runtime: 9.00 Hours
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English

Summary

Summary

Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic "business as usual" practices. How did this come to be—and what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. In 13 Bankers, prominent economist Simon Johnson and James Kwak give a wide-ranging, meticulous, and bracing account of recent U.S. financial history within the context of previous showdowns between American democracy and Big Finance. They convincingly show why our future is imperiled by the ideology of finance (finance is good, unregulated finance is better, unfettered finance run amok is best) and by Wall Street's political control of government policy pertaining to it. The choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be "small enough to fail."

Editorial Reviews

Editorial Reviews

Erik Synnestvedt reads with a strong and clear voice and an appropriate edge of indignation at the hubris of our nation's most powerful bankers. Publishers Weekly Audio Review
“This intelligent, nuanced book…synthesizes a significant amount of research while advancing a coherent and compelling point of view.” Publishers Weekly

Reviews

Reviews

Author

Author Bio: Simon Johnson

Author Bio: Simon Johnson

Simon Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT’s Sloan School of Management and a senior fellow of the Peterson Institute for International Economics. A former chief economist of the International Monetary Fund, he is coauthor, with James Kwak, of “The Baseline Scenario,” a leading economic blog.

Titles by Author

Author Bio: James Kwak

Author Bio: James Kwak

James Kwak is a professor at the University of Connecticut School of Law and the co-author, with Simon Johnson, of 13 Bankers and White House Burning. He has a PhD in intellectual history from the University of California at Berkeley and a JD degree from the Yale Law School. Before going to law school, he worked in the business world as a management consultant and a software entrepreneur.

Titles by Author

Details

Details

Available Formats : CD, Library CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 9.00
Audience: Adult
Language: English