
Dumb Money
How Our Greatest Financial Minds Bankrupted the Nation
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Narrated by:
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Jesse Boggs
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By:
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Daniel Gross
About this listen
In this up-to-the-minute account, Gross goes step by step through the timeline leading up to the October 2008 bail-out and explains what exactly happened. Using information and statistics only weeks old, he offers a thorough and enlightening analysis of where we all go from here.
©2009 Daniel Gross (P)2009 Simon & Schuster, Inc.Listeners also enjoyed...
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The financial establishment---banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley---were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster.
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Overall
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Performance
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Overall
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Performance
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Story
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Overall
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Performance
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Story
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Loads of Information but problematic writing
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Deliciously sarcastic and deadpan!!!!!
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Good Overview of the Mess that is Wall Street
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A witty and fun analysis
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Daniel Gross has the uncanny ability to make complicated issues understandable and logical. If you're looking for one place to understand what went wrong, start here. If you read only one book on the collapse, this is it.
Concise, well written and logical.
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Informative
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Informative
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Any additional comments?
Dumb Money is the best book I have read about the last financial crisis. It explains in layman's terms how the events in the U.S. pushed the world economy to the brink of collapse and caused the Great Recesison. Daniel Gross sets forth a step-by-step analysis as to how lax mortgage lending practices in the U.S. mortgage industry, coupled with low interest rates, led to this calamity.If you want to understand what caused our economy to malfunction and the roles played by home buyers, mortgage companies, rating agencies, government regulators, Wall Street, and Fannie Mae, Dumb Money is a good place to start.
Best Book on the cause of the Great Rescession
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Newsweek political agenda
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