If nothing else, our current economic crisis has exposed the financial system’s rotten core. The various claims of efficiency, dynamism, and innovation spouted by its most ardent boosters were, it turns out, simply a façade hiding unbridled greed, unethical lending, and unfathomable financial assets. The fallout has been widespread and the pain acute—lost jobs, lost saving (...)
February 27, 2009
Books
A Different Ponzi Scheme
The Big SqueezeTough Times for the American WorkerSteven GreenhouseAnchor, $14.95, 384 pp.
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