The Great  American Stickup

The Great American Stickup

How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street

Book - 2010
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Robert Scheer, who has been covering power and corruption for two decades as a reporter and columnist for the "Los Angeles Times" and as a founder of "Truthdig", argues that there is nothing murky or even surprising about the banking meltdown of 2008. He shows that this fiasco could have been anticipated and that there are culprits responsible that should be named and who continue to wield enormous power over our lives.
Publisher: New York : Nation Books, c2010
ISBN: 9781568584348
1568584342
Call Number: 332.1097 Sch22g
Characteristics: viii, 292 p. ; 21 cm
Additional Contributors: Scheer, Joshua
Scheer, Christopher

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StarGladiator
Oct 31, 2013

A great book, which one would predictably expect from the intrepid professional reporter, Robert Scheer (truthdig.com) and various radio/tv shows. Mr. Scheer captures the essence of the collusion between both factions of the unofficial bankster party (the dems and those other people), laying the blame as it should be lain. (While we are blessed with such fine authors on this catastrophe-by-design, it is a shame a personage like Ferdinand Lundberg doesn't exist, to fully explain those connections between modern day private equity firms and hedge funds and old money - - for example, Mortimer (Harriman money) and Arden Asset Management, Rockefeller and the Blackstone Group (plus JPMorgan Chase, ExxonMobil, et cetera), Mellon and du Pont and various hedge funds (pluse Bank of New York Mellon), Guggenheim (same name) and various Guggenheim hedge funds, Rosenwald and American Securities, and on and on and on.)

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jetboy2k
Jan 18, 2013

An excellent and unbiased (e.g., non-partisan) analysis of how politicians from both "sides" of the aisle colluded with the "leaders" of the financial industry to rip off the middle class. Scheer is clear and concise, and he also does an excellent job of explaining the lies that have been told to us by the above parties - including a chapter devoted to Henry Paulsen's On the Brink (see my comments on that below), and his (Paulsen's) blatant attempt to misrepresent the truth of the situation and pass off his and others' collusion as a heroic rescue. Despite containing a great deal of useful information, this book is nonetheless a quick and easy read, and I would recommend it to anyone and everyone who wants to understand how we got to the place we did in 2008.

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21288004246712
Feb 05, 2011

Thorough research, clearly shows how the US plutocracy operates, and nothing to suggest that the power of the wealthy will diminish any time soon

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