I had gotten the abridged version on cd-rom as a gift and really liked it. I was hesitant to get a download audiobook as I prefer to have the media as a backup, so I was happy to see I could do that with audible and the unabridged version is quite funny, though rater R, the unabridged was I realize now had quite a bit removed though I still enjoyed it. I now much prefer the unabridged version.
Having worked in the NYC area, and exposure to mortgage backed securities, I got a clearer picture of the true race to the bottom. I'm not sure if bailing out homeowners instead of the lenders would have been better for the country, but morally it should have been what was done. The book timelines the events in a "Frontline" fashion but requires a bit of foreknowledge into financial knowledge to really appreciated the events. It documents the path from Wall Street to the White House. Presuming the parties involved weren't duped, and they weren't, one has to worry about what the real underlying horror would have been realized had the bailouts not occurred. If we could turn back the clock and chosen the moral choice, that might have resulted in a longer recovery but our country would have been better for it. Time will tell.
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