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Preview — Confidence Men by Ron Suskind
Confidence Men: Wall Street, Washington, and the Education of a President
The hidden history of Wall Street and the White House comes down to a single, powerful, quintessentially American concept: confidence. Both centers of power, tapping brazen innovations over the past three decades, learned how to manufacture it. But in August 2007, that confidence finally began to crumble.
In this gripping and brilliantly reported book, Ron Suskind tells the...more
Ron Suskind’s book, Confidence Men: Wall Street, Washington, an ...more
In the Woodward/Bernstein tradition of political journalism, this book offers a contemporary view of a political crisis, as it happens, using extensive interviews to provide an 'as-if-you-were-there' intimate perspective.
We see the financial crisis unfold, and it is not pretty.
There are many striking revelations here, the first being that the President received advanced warning on the crisis, even during his electoral campaign. Of course, he had numerous other is ...more
While I thought this would be a political inside-the-mind-of-the-advisors type of book, there's quite a bit of The Big Short (Michael Lewis) in here too; an explanation of the Wall Street shenanigans that led to the near-collapse of the US economy. Suskind has to spend time getting us into that mileau to explain where the economic advisors either came from or were reacting to.
Certainly some of the advisers come across better than others, and with a book of this type one alw ...more
But the pain is worth it (if, like me, you love your country, believe its best days are still ahead and want ...more
It spotlights Wall Street flimflam artists whose venal hawking of credit swap derivatives of sub-prime mortgage instruments led to the Great Recession of 2008 (a calamity which may yet ...more
"It was on a Friday, November 21, that [Christina] Romer first entered Obama's curtain-sealed office in Chicago. Unlike Orszag, she was nervous about meeting Obama and she hadn't even come with any ultimatum or conditions about taking the Council of Economic Advisers job. She was just elated to get to know the guy.
But their first meeting would open on an odd note. Before exchanging hellos or even shaking hands, the president-elect delivered what seemed intended as a zinger.
Like Woodward's last book, Confidence Men paints an unflattering picture ...more
However, the editing and structure of the book is just impossible to fathom. The massive cast of characters, ...more
Suskind not only gave new insight into a topic that has been so thoroughly covered by Too Big to Fail: The Inside Story of How Wall Street and Washington Fought ...more
Ron Suskind's "Confidence Men": Wall Street,Washington,and the education of a president details
the problems and the solutions that the Obama team faced on entering office and how and why they
were treated the way they were. One gets the definite impression that Mr.Obama leaned heavily on
the advice of Mr.Geithner and Mr.Summers,both of whom were overly friendly with Wall Street. The president really had to have on the job training in order to deal with the world of high finance and
with the pass ...more