What the book is about
For the past 3 decades Wall Street has become too entrenched within Washington power corridors. Under their influence an increasingly de-regulatory regime has overseen (or failed to oversee) American financial system. Current financial crisis (2007-2009), which is the main subject for the book, has resulted from these circumstances. Bankers'approach has resulted in situation that privatizes the profits, while socializes the losses. Solution in short: Too big to fail is too big- cut them to size.
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