Overview
Bloomberg columnist Mark Gilbert shows how Wall Street'stolerance for extremes made the global credit crunch bothforeseeable and inevitable. He offers a blow-by-blow account ofwhat went wrong and what lessons need to be learned from thecrisis.
- Gilbert's argument—that everyone with skin in the moneygame had a vested interest in pretending that nothing could goawry—is a well-defended, compelling indictment of thefinancial community.
- Gilbert is able to make complex financial events easy tounderstand.
- His outlook is truly global: this financial crisis respects nogeographical boundaries, and Gilbert draws on anecdotes andexamples from around the world to make his case.
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