You know what happened during the financial crisis--now it is time to understand why the financial system came so close to falling over the edge of the abyss and why it could happen again. Journalist Suzanne McGee examines the forces that transformed Wall Street from its traditional role as a capital-generating and economy-boosting engine into a behemoth operating with only its own short-term interests in mind and with reckless disregard for the broader financial system. Wall Street is as important to the economy and the overall functioning of our society as our electric and water utilities--but it doesn't act that way. The financial system has been saved, but as long as the mind-set of "chasing Goldman Sachs" lingers, it will not have been reformed. As banking undergoes its biggest transformation since the Great Depression, McGee shows where it stands today and points to where it needs to go next.--From publisher description.
- ISBN10 0307460118
- ISBN13 9780307460110
- Publish Date 15 June 2010
- Publish Status Remaindered
- Out of Print 31 August 2012
- Publish Country US
- Publisher Random House USA Inc
- Imprint Crown Publishing Group, Division of Random House Inc
- Format Hardcover
- Pages 320
- Language English