000			02661cam a2200265 a 4500
001			0000061946
003			0001
008			100121s2010 nyua b 001 0 eng
020			_a9780307379054
082	0	0	_a332.10973 _222
084			_a332.10973 _bJOH-T
100	1		_aJohnson, Simon, _d1963-
245	1	0	_a13 bankers _h[Book] : _bthe Wall Street takeover and the next financial meltdown / _cSimon Johnson and James Kwak.
250			_a1st ed.
260			_aNew York : _bPantheon Books, _cc2010.
300			_a304 p. : _bill. ; _c25 cm.
520			_aEven after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic "business as usual" practices. How did this come to be-and what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. In 13 Bankers, prominent economist Simon Johnson and James Kwak give a wide-ranging, meticulous, and bracing account of recent U.S. financial history within the context of previous showdowns between American democracy and Big Finance. They convincingly show why our future is imperiled by the ideology of finance (finance is good, unregulated finance is better, unfettered finance run amok is best) and by Wall Street's political control of government policy pertaining to it.The choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be "small enough to fail."
521			_aAll.
650		0	_aBanks and banking _zUnited States.
650		0	_aBank failures _zUnited States.
650		0	_aFinance _zUnited States.
650		0	_aFinancial crises _zUnited States.
700	1		_aKwak, James.
852			_p45179 _90.00 _h332.10973 JOH-T _vClassic Books International _b2nd Floor _dBooks _t1 _q1-New _aJZL-CUI
999			_c64811 _d64811