This is a really well done work. I would have liked to have had a cheat sheet so I could keep up with all the financial lingo that would be easy to follow on the written page. Regardless, McLean and Nocera weave a story of greed and more greed. Enough was never enough. The sad part is that the poeple who got hurt the most -- those who lost their homes and their investments -- can't put their finger on any one person. McLean and Nocera make that clear.
What is clear is that there was no adult supervision from the regulators during the Bush Era. Yes, it started at the end of the Clinton years but it simply accelerated out of control. Nonetheless, had the government NOT stepped in '08, it's also pretty plain the financial nightmare that we've lived through would have been deeper and incredibly more painful. The big question is: did we as Americans truly learn anything from the mess? Look how long it has taken for the government to clean up the mess that was Fannie and Freddie. So how do we avoid a replay? Paraphrasing Adm Hyman Rickover who said, responding to a 1950s Congressional question about what he'd recommend to keep the military industrial complex in check, "Gentlemen, every other year put one of their presidents in jail -- regardless if he's done anything. It will keep the others in check."
That approach 50-plus-years-on certainly would chasten Wall Street's enthusiasm to run wild.
Excellent story . . . good reader. Connelly remains a great story teller. And his insight into current day newsrooms is tack on.
Look guys, don't listen if you are new to recorded books. And if Audible reads this, get rid of this item. It is atrocious. Funny. No. Sad, yes. A total waste of time. Bad narrator, to boot.
I've been listening to recorded books for 20+ years, and had I heard this first, I would not have listened to a second!!!
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