Goodreads helps you keep track of books you want to read.
Start by marking “Panic: The Betrayal of Capitalism by Wall Street and Washington” as Want to Read:
Panic: The Betrayal of Capitalism by Wall Street and Washington
Enlarge cover
Rate this book
Clear rating
Open Preview

Panic: The Betrayal of Capitalism by Wall Street and Washington

4.06  ·  Rating Details ·  32 Ratings  ·  4 Reviews
What happens when the people running America's financial institutions believe that human judgment is passe? When they abdicate decision-making to an algorithm? The crash of 2008 was driven by a financial establishment, dominant in both Wall Street and Washington, that betrayed the fundamental principle of Capitalism: that all wealth springs from the minds of men. The ...more
Hardcover, 288 pages
Published March 16th 2010 by Richard Vigilante Books (first published March 1st 2010)
More Details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about Panic, please sign up.

Be the first to ask a question about Panic

This book is not yet featured on Listopia. Add this book to your favorite list »

Community Reviews

(showing 1-30)
filter  |  sort: default (?)  |  Rating Details
Candy Chiu
Jul 20, 2010 Candy Chiu rated it really liked it
Shelves: worth-revisit
This book review is for my own reference. Please feel free to skip it.

The efficient market hypothesis weakens investors' responsibility and ability to make judgments. Innovations by definition are shocks to the equilibrium entailed by an efficient market. In an efficient market, nobody can generate excess profits because the market and all its participants are omniscient. The efficient market hypothesis increases the likelihood of panic by encouraging participants to adopt the same mechanical ap
...more
James
Jul 12, 2011 James rated it it was amazing
Shelves: finance
The first part of the book is only moderately interesting,
but the second half has a lot of original thinking that is lacking in the dozen or more books I've read about the 2008 crash.

Best of the breed I'd say.

Clint
Oct 09, 2011 Clint rated it really liked it
An absolute must read for understanding the mortgage crisis, what happened and why. A very thoughtful book on how the financial markets work, on capitalism versus socialism and on government regulation.
Neil Rempel
Neil Rempel rated it it was amazing
Jan 18, 2016
Dave
Dave rated it liked it
Apr 08, 2012
Nitin Mathew
Nitin Mathew rated it really liked it
Mar 07, 2014
Max Baker
Max Baker rated it it was amazing
Feb 20, 2016
Bud
Bud rated it liked it
Nov 25, 2015
The
The rated it really liked it
May 24, 2016
Bryan Wolff
Bryan Wolff rated it it was amazing
Feb 18, 2013
The Truong
May 27, 2011 The Truong rated it did not like it
A rant by a hedge fund manager.
Philippe
Philippe rated it really liked it
Dec 13, 2015
Jacob Wyffels
Jacob Wyffels rated it liked it
Jul 18, 2016
Cwiles
Cwiles rated it really liked it
Nov 06, 2014
Carry
Carry rated it it was amazing
Dec 30, 2011
Brian Sullivan
Brian Sullivan rated it really liked it
Sep 18, 2015
Paul T. darling
Paul T. darling rated it it was amazing
Oct 04, 2016
Janko
Janko rated it liked it
Nov 22, 2014
Abel
Abel rated it really liked it
Apr 05, 2016
Ryan Harvey
Ryan Harvey rated it it was amazing
Jun 29, 2014
Thomas Rones
Thomas Rones rated it it was ok
May 09, 2015
Pete Peterson
Pete Peterson rated it it was amazing
Dec 25, 2014
Dbell
Dbell rated it really liked it
Nov 19, 2014
Woody
Woody rated it it was amazing
Nov 19, 2014
Morrow Bailey
Morrow Bailey rated it it was amazing
Aug 19, 2016
Wills Manley
Wills Manley rated it it was amazing
Jan 06, 2015
John
John rated it really liked it
Feb 12, 2015
Mark Schenkman
Mark Schenkman rated it really liked it
Nov 19, 2014
Anthony Xing
Anthony Xing rated it really liked it
Oct 23, 2013
Mike
Mike rated it really liked it
Jul 18, 2013
« previous 1 next »
There are no discussion topics on this book yet. Be the first to start one »

Share This Book



No trivia or quizzes yet. Add some now »