Overview
How the actions of a few in Europe destroyed the prosperity ofthe many (and how it's happening again now in America)
After the fall of the Roman Empire, vicious barbaric tribesincluding the Hunds lead by Atilla, the Mongols, Charlemagne andthe Vikings invaded Europe, plundering property and destroyinghomes. But, they didn't just steal and destroy property in thevillages; they also stole and destroyed any prosperity thevillagers had previously enjoyed. What's worse is the barbarians ofthe Dark Ages did all of this not out of any deeply held religiousor political belief, but, rather, for the oldest reason in the book– their own personal financial gain. Some things neverchange.
Barbarians of Wealth examines how the greedy,self-serving decisions of a select group of politicians andfinancial institutions negatively impacts the economy and,ultimately, destroys America's prosperity and the American way oflife. Compelling and engaging, the book
- Details how Goldman Sachs peddled mortgage backed securities upand down Wall Street while secretly betting against theirdemise
- Discusses how Sanford Weill, founder of Citigroup spent $100million lobbying for the repeal of the Glass-Steagall Act thatprevented the merger of commercial and investment banks and got hisway.
- Examines Christopher Dodd, head of the U.S. Senate BankingCommittee, has enriched himself while driving down the prosperityof his constituents
- Offers up examples of other modern barbarians, including theFederal Reserve, Alan Greenspan, Hank Paulson, and TimothyGeithner.
- Highlights greed driven tactics of Wall Street corporationsincluding JP Morgan, Merrill Lynch, and Salomon Brothers.
Barbarians of Wealth is a timely must read forhard-working Americans concerned with their prosperity, as well asfor those fascinated with the inner workings of Washington and WallStreet.
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