Saturday, August 7, 2010
Monday, August 2, 2010
The Best Books on the Financial Crisis -- Seeking Alpha
From Michael Shulman's Blog: The Best Books on the Financial Crisis -- Seeking Alpha
House of Cards
The Two Trillion Dollar Meltdown - By far the most powerful book on the crisis because it was written before the real meltdowns rushed to market.
Too Big To Fail
- Almost too big too read, this will probably be viewed as the standard treatment of the crisis due to the clarity of the writing and the objective stance of the writer, New York Times reporter Andrew Ross Sorkin.
House of Cards
Fool's Gold - Gillian Tett, a brilliant columnist with the Financial Times, wrote this book on the financial engineers who blew up the financial world with their invention, the CDO or credit derivative obligation and what we now call credit default swaps.
In Fed We Trust - The second best or must-read by a Wall Street Journal reporter, David Wessel
On the Brink - Hank Paulson is what the nation now lacks - a hard nosed, savvy, center right Republican leader who views ideology as an impediment to getting things done.
Chain of Blame - This was the most fun book - an inside look at the birth through death of the subprime mortgage industry.
A Colossal Failure of Common Sense - Authors Lawrence G. McDonald and Patrick Robinson do to a bang up job describing the almost surreal behavior of Lehman Brothers executives as the firm melted down.
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