Books to help in the current financial crisis.
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Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism by Kevin Phillips A cautionary survey of the role of America’s financial sector in compromising the nation’s economy and global future examines the sources of such issues as rising debt, high mortgage rates, and increasing oil prices, making sobering predictions about the downfall of America as a world power. Catalog Link |
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The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means by George Soros Presents an analysis of the origins of the current credit crisis and emphasizes that the theory that boom or burst cycles are only temporary and that market forces tend toward equilibrium needs to be revised to incorporate the realities of the global economy. Catalog Link |
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Panic: The Story of Modern Financial Insanity by Michael Lewis An analysis of five financial upheavals in recent history includes coverage of the 1987 stock market crash, the Internet bubble, and the sub-prime mortgage crisis, in a report that reveals how public knowledge differed from what was actually taking place. Catalog Link |
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The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash by Charles R. Morris Examines American economic policies and trends over the last forty years and analyzes how the free market system has contributed to the current crisis in the credit markets and what the federal government should do to remedy the situation. Catalog Link |
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The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein An introduction to the concept of “disaster capitalism” offers an exposâe of how the global “free market” has exploited crises, violence, and shock over the past three decades to promote radical privatization that benefits large corporations and powerfulinterest groups. Catalog Link |
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Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis by Mark Zandi Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home “flippers” and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future. Catalog Link |
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The Big Squeeze: Tough Times for the American Worker by Steven Greenhouse Examines the growing crisis confronting American workers at every economic level who are dealing with stagnating wages, shrinking health and pension benefits, and disappearing job security, and exposes the poor treatment of employees by many corporations. Catalog Link |