23 Mar 2014

FDL Book Salon Welcomes Bob Ivry, The Seven Sins of Wall Street: Big Banks, Their Washington Lackeys, and the Next Financial Crisis

This book is an eye-opener, a wake-up call for those in Washington to get their heads out of Wall Street’s asses, a state unthinkable for most politicians. But, it’s also a wake-up call to us, to be ever more vigilant with every one of our financial dealings, because the worst is yet to come.

23 Mar 2014

FDL Book Salon Welcomes Bob Ivry, The Seven Sins of Wall Street: Big Banks, Their Washington Lackeys, and the Next Financial Crisis

The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the next Financial Crisis by Bob Ivory is both incredibly scary and ironically extremely funny – in a very dark way. This makes it essential reading for anyone with a finely tuned bullshit meter that doesn’t buy the notion that we’re all economically safer now than before the financial crisis of 2008 – which should be everyone. Ivry’s voice is appropriately sardonic and exasperated, his journalism and on-the-foreclosed-ground research, impeccable. His ability to empathize with readers that don’t hold a PhD in financial jargon (derivatives = “four syllables that launched a thousand naps”) allows him to render otherwise arcane topics simple enough to make you want to throw things at Jamie Dimon.

08 Jan 2011

FDL Book Salon Welcomes Bethany McLean and Joe Nocera, All The Devils Are Here: The Hidden History of the Financial Crisis

There are a plethora of books written, and yet to be written, about what lead up to the 2008 financial crisis, but even so, All the Devils are Here stands out. Co-authors, Bethany McLean (co-author of the bestselling, documentary-inspiring book on the Enron scandal, The Smartest Guys in the Room) and Joe Nocera (Award winning New York Times business columnist), expertly weave a narrative that captures not just the elements, but the characters of the crisis; the human flaws, choices and repercussions perpetrated by a small, dispersed collection of very dangerous people.

They focus exceptionally well, on the mentalities and meetings behind the crisis, across the businesses and agencies that housed them. From the investment banks to the lenders to the rating agencies to the quasi public-private Government Sponsored Entities, Fannie Mae and Freddie Mac, the book exposes the devastating ramifications of internal corporate politics, insatiable drives towards gaining market share and earnings glory, and power struggles galore. And, of course, the greed motivation.

21 Jul 2009

FDL Book Salon Welcomes William Greider: Secrets of the Temple

William Greider (who really needs no introduction) is the national affairs correspondent for The Nation. During his 40-year career, he has written for many publications, including the Washington Post, where he was a correspondent for 12-years and eventually assistant managing editor of national coverage, and Rolling Stone, where he wrote a column for 17-years. He also served as an on-air correspondent for six PBS Frontline documentary films, including the 1985 Emmy winner ‘Retreat from Beirut.”

12 Jul 2009

FDL Book Salon Welcomes Charles R. Morris : The Sages

The highly prolific and wonderful author, Charles R, Morris has written 12 books, including the recent New York Times Bestseller, The Trillion Dollar Meltdown, which just won the 2009 Loeb Prize for best business book, and its revised paperback version, The Two Trillion Dollar Meltdown. His book, The Cost of Good Intentions was selected a best book of 1980 by the New York Times. The Coming Global Boom was a New York Times notable book of 1990, and The Tycoons was selected a Barron’s best book of 2005. A lawyer and former banker, Morris’ articles have appeared in numerous publications including the New York Times, Wall Street Journal and The Atlantic Monthly

17 Jun 2009

Obama’s Financial Overhaul — More Like a Tune-Up

Making alterations to lending, securitization and derivatives are positive steps, but giving the Fed more power, and shuffling the deck chairs of the regulatory arena, while leaving Wall Street’s landscape intact – is NOT an overhaul.