170th out of 211 books — 239 voters
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The Blood Bankers: Tales from the Global Underground Economy
Accounts of third world economic collapse, failed development, and mounting debt frequently hide the pernicious role of first world banks, corporations, and politicians, avers journalist Henry. He investigates a number of financial scandals in the Philippines, Brazil, Nicaragua, Argentina, Iraq, and
Hardcover, 417 pages
Published March 12th 2003 by Four Walls Eight Windows
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For those of you laboring through the current economic crisis, this book will be an eye-opener. It focuses on the misbehavior of Western banks in developing countries over the last fifty years -- with a series of concrete investigations, not just economic theory. You'll be amazed to find that much of the recent misbehavior in the First World has been going on for decades offshore! This book was work to get through -- it is packed with information. But if you really want to understanding what's g ...more
Especially interesting in light of the recent banking crisis -- if policy makers had only paid attention. This book reminded me that Wall Street has been misbehaving for decade, but most of the "test runs" were in poorer countries, where the banks pretty much got away scot free with irresponsible lending, sticking local governments with bad projects and huge bailouts. The book has detailed first-hand cases on eight major countries. Long, heavy-going at times, but worth it. I found the best chapt ...more