Tuesday, September 4, 2012

Confidence Men: Wall Street, Washington and the Education of a President by Ron Suskind, published by HarperCollins

This is a must read if you have any interest in US History, the Presidency, US Politics, World/US Economics. (Or if you just want to know who has been ripping you off and who had been helping.)

Suskind gives excellent descriptions and insights (I assume fairly.) into all the major players of the financial collapse and does a good job explaining all the processes and manipulations involved, both Wall Street and Congressional. And if you need examples of the seven deadly sins, you will find them here aplenty.

A couple of high points worth noting:
  1. Hank Paulson former Chairman and CEO of Goldman Sachs made $700 million there before heading over to the US Treasury. (aka – fox in charge of the hen house.)
  2. Barack Obama missed a great opportunity to correct Wall Street errors by allowing culpable Wall Street insiders to be his advisors. (Obama focused on health care insurance reform.)

Whether you are part of the 1 percent or the 99 percent, Confidence Men: Wall Street, Washington and the Education of a President presents a sad testimony to the failed and self aggrandizing “leadership” of the United States.

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