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Architects of Ruin: How Big Government Liberals Wrecked the Global Economy--and How They Will Do It Again If No One Stops Them
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Architects of Ruin: How Big Government Liberals Wrecked the Global Economy--and How They Will Do It Again If No One Stops Them

4.18  ·  Rating Details  ·  51 Ratings  ·  5 Reviews
In Architects of Ruin, New York Times bestselling author and conservative historian Peter Schweizer argues that the economic crisis was caused by liberals who used the power of government to create a subprime mortgage bubble that has ravaged the global economy. Rebutting charges that the financial collapse was caused by conservative deregulatory zeal, Schweizer, the author ...more
ebook, 240 pages
Published October 6th 2009 by HarperCollins e-books (first published 2009)
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Walter
Jan 21, 2016 Walter rated it it was amazing  ·  review of another edition
Architects of Ruin
by Peter Schweizer

By 2007 up to 4.2 Trillion dollars of sub prime loans had been made. "By 2005, almost 33 percent of the new mortgages were interest-only and 32 percent of new home buyers put no money down "(Schweizer, 2009 ).

Peter Schweizer's book: Architects of Ruin explains how these dire credit conditions and the resultant economic calamity happened.

Schweizer asks and answers this question: "Why has this story been missed? It isn't all that hard to understand. First of cou
...more
Bojan Tunguz
Oct 10, 2011 Bojan Tunguz rated it it was amazing  ·  review of another edition
The financial meltdown of 2008 has turned into one of the greatest economic crisis in history. Like most other economic crisis of that magnitude, it seemed to have come practically out of nowhere, and it will be analyzed and discussed by the historians, political scientists and economists for the decades to come. For all of us who have to live with its consequences it matters very little in the short run what really caused this crisis. However, it would be good to know with some level of certain ...more
Nathan
Apr 12, 2010 Nathan rated it liked it  ·  review of another edition
When I first saw the book, the subtitle seemed hyperbolic and inflammatory. The guy backs it up with plenty of documentation. His claim is accurate.

He downplays a little too much the role Republicans played in the disaster. We all remember George Bush and Karl Rove's "ownership society." Yes, this was a consequence of liberal policies, no matter which party was pushing them along.

The best thing the author did was to refute the idea that the crisis was a failure of the free market system. The mar
...more
Gretchen Davis
Jul 02, 2016 Gretchen Davis rated it it was amazing  ·  review of another edition
Excellent analysis of government corruption.
Steve
Jun 10, 2011 Steve rated it liked it  ·  review of another edition
Good explanation of today's bailout culture. Covers the real estate meltdown mostly, but hits the financial crises of the 90's as well. Very Informative but not especially stylish.
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Goodreads Librari...: Please update details 3 12 Mar 22, 2016 07:07PM  
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PETER SCHWEIZER is a research fellow at the Hoover Institution, Stanford University. From 2008-9 he served as a consultant to the White House Office of Presidential Speechwriting and he is a former consultant to NBC News. He has written for the New York Times, Wall Street Journal, Los Angeles Times, USA Today, National Review, Foreign Affairs, and elsewhere. His books include The Bushes, Reagan's ...more
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