… (The book) 13 Bankers describes the rise of concentrated financial power and the threat it poses to our economic well-being. Over the past three decades, a handful of banks became spectacularly large and profitable and used their power and prestige to reshape the political landscape. By the late 1990s, the conventional wisdom in Washington was that what was good for Wall Street was good for America. This ideology of finance produced the excessive risk-taking of the past decade, creating an enormous bubble and ultimately leading to a devastating financial crisis and recession … (full long text Homepage/13 Bankers … and excerpts).
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Who Are They? The title of this book is taken from a meeting held at the White House on March 27, 2009. In attendance were the heads of thirteen major U.S. banks (as well as representatives of two banking industry associations). The thirteen bankers, as reported by The Wall Street Journal, were: Continuer la lecture de « 13 Bankers (The Book) »