Aug 03, 10
Read in August, 2010
Well written book by economists of the academic and professionally experienced type with an eye to the financial crisis of 2007-09+. If you want an explanation of the playing field and some detail of how powerful banks have become and tools of that trade -- if you haven't lost your house yet this won't be so painful, then this is a good start. Not a whole lot of fancy technical stuff but there is a need for the reader to be aware that the situation does have technical financial aspects -- Mortgage Backed Security, CDO, Interest Rate Swap, Special Investment Vehicle -- and these are explained fairly well. I'd give it another half star but rating doesn't exist.