Lisa’s Reviews > The Great Deformation: The Corruption of Capitalism in America > Status Update

A bit dense but well worth the effort. Former Reagan White House official demolishes the myth of "morning in America". Now on to the New Deal.

"...the very monetary distortion - the availability of cheap overnight funding in massive quantities - upon which the Wall Street financial bubble had been built had now been recreated at the lending windows of the Fed, FDIC, and the US Treasury."

Chapter 1 - Paulson's Folly: The Needless Rescue of AIG, in which I learned that in the 2008 financial crisis there never was any threat of contagion to Main Street or to AIG policy holders. Public funds were used to bail out creditors who could comfortably have taken the hit. Where did the money go? Profit and bonuses on Wall St.