We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyone's money and now we're all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a ...
heart attack with a packet of Rothmans? If you want to know, but are the sort of person who finds it hard to tell the difference between a CDO, a CDS, an MBS, and a toasted cheese sandwich, John Lanchester has mastered the finer points of finance so you don't have to. In "Whoops!" he explains, in language everyone can understand, what really happened - and what on earth we do next.
The credit crunch explained in (relatively) plain English
John Lanchester picks apart the credit crunch, its history, its causes, and explores each constituent part in a very readable, clear and at times, humorous way. He lays the blame squarely at the doors of the bankers (no surprise) but also aims his
..." sights at the regulators, politicians and even, the public who got sucked into the property bubble. The book is at times a work of economics, history, sociology and even, psychology and my only criticism is that at times, when high-lighting the magnitude of what's happened, he resorts to a bit of tabloid sensationalism - but of course he is right to. Very good read if you want to understand why it's all gone so wrong...Continua...Nascondi
Just a few people can really understand this economic crisis. Just a few people understand financial process. Not knowing what's happening is part of the problem!This book help us to understand. And is also a deep reflection on our future, and on
..."nd on the future of our system: capitalism. It's time for a change. But is has to be a change driven by wisdom and not by anger. I recommend everyone read thisContinua...Nascondi