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1: Fast paced and no holds barred.
Gasparino has written a fast paced behind the scenes view into the slimy world of Wall Street shenanigans. Yes, he is repetitive at times and yes, he keeps it simple for us non-Wall Street wonks but I found it hard to put down. Actually, the gross excess and pure greed he reports kinda made me sick. On the CNBC hocking his book I did find it funny that his book's tone is almost exactly opposite of the network's daily pom-poms out for Wall Street theme. Of course now that he is at Fox Business it really is funny. Great book even if most of the people written about make me sick.
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2: Pass!
Just not that good. Away from some details a retelling of the obvious with no real insight. Sorkin's "To big to fail" is better. Don't waste the 9.99
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3: The Sellout
Great history lesson on why we face this financial disaster. Great expose of the empty suits at the top of the banking industry.
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4: Sellout Sorts it Out
This is the Playbill for those history buffs interested in sorting out the Financial mess on Wall Street. The book explains how leadership of the financial firms were often distracted by their hobbies and failed to understand exactly what their senior executives were doing to earn profits. As long as there were profits they were heros. Gasparino explains the irony of CEO's who did not know how to rectify the problems when their firms bottom line turned red.
The book gives you an understanding of the mortgage crisis that never took into account the concept that housing prices might go down and people would default on mortgage payments. Evidently a portfolio filled with mortgage backed securities would forever be safer and more profitable than a corporate bond or a Treasury note.
Wall Street turned into a casino and in particular CEO O'Neal at Merrill Lynch promoted the subprime mortgage game to his Senior Executives.
Every serious student of economics needs to read this book with highlighter in hand. There are dozens of books being published on the economics of the past decade. This is your playbill.
Bottom line! The book actually was fun to read and Gasparino inserted some very funny incidents in almost every chapter. It's a keeper.
Kaye Shinker
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5: Great book on the financial meltdown
If you appreciate Charles Gasparino as he appears on CNBC, you will enjoy reading this book written in his words and with his insight into the subject. Charlie gives a very good and accurate description of the financial meltdown. He provides an extensive background on the subject, starting with the beginning of the problems many years ago. He also provides a lot of insight into the people and the institutions that were involved. Charlie does a great job at describing the activities of the institutions and what the people involved were thinking at the time. If you have any interest in this subject, this book is probably one of the best to read.
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