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Lunch » Tags » Book » Reviews » The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It

The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It

3 Ratings: 5.0
A book by Les Leopold

Deeming himself the "Main Streeter" to explain the economic crisis to average Americans, author and researcher Leopold (The Men Who Hated Work and Loved Labor) does a cagey job explaining credit derivative obligations (CDOs), and their role in the financial … see full wiki

Tags: Book
Author: Les Leopold
Publisher: Chelsea Green Publishing
2 reviews about The Looting of America: How Wall Street's...
review by . July 16, 2009
and what we can do about it. As the author explains, this book is for those readers who are outside the realm of finance but who'd like to understand how the current economic crisis unfolded, seemingly, the world over and sent major financial institutions into failure and cheap mergers with government backing. I can't say this is the first time I've heard about the gap between what the average worker earns and that of our Wall Street CEOs. This, in effect, is where it all starts for the author. …
review by . July 03, 2009
Just minutes after I finished reading this I happened to be standing in a long, slow moving line at a store. Someone wondered why they didn't have more clerks working just before a long holiday weekend and the man in front of me voiced the opinion that "nobody wants to work anymore". Somehow that led us into a discussion of the Wall Street/Banking crash.    His first comment was "It's Barney Frank's fault". Of course I knew he was referring to the Community Reinvestment Act. …
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