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The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity–and What We Can Do about It

Les Leopold




[PDF.sm60] The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity–and What We Can Do about It

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 | #1134785 in eBooks |  2009-06-02 |  2008-08-21 | File type: PDF

||1 of 1 people found the following review helpful.| New financial instruments?|By Luther Mills|This book is about the derivative sales CDO and Credit Default Swaps of banks, hedge funds and insurance companies by brokers or salesmen, to consumers who have no idea what they are buying and only see the profit potential of the instrument. Many of the the buyers were large pension funds of government employees, school districts, mu|From Publishers Weekly|Deeming himself the "Main Streeter" to explain the economic crisis to average Americans, author and researcher Leopold (The Men Who Hated Work and Loved Labor) does a cagey job explaining credit derivative obligations (CDOs), and their rol

How could the best and brightest (and most highly paid) in finance crash the global economy and then get us to bail them out as well? What caused this mess in the first place? Housing? Greed? Dumb politicians? What can Main Street do about it?



In The Looting of America, Leopold debunks the prevailing media myths that blame low-income home buyers who got in over their heads, people who ran up too much credit-card debt, and government interfer...

You easily download any file type for your device.The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity–and What We Can Do about It   |  Les Leopold. I really enjoyed this book and have already told so many people about it!

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