Bimus's Reviews > 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

13 Bankers by Simon Johnson
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M_50x66
's review
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.
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