Confidence Men

Confidence Men

Wall Street, Washington, and the Education of A President

eBook - 2012
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The hidden history of Wall Street and the White House comes down to a single, powerful, quintessentially American concept: confidence. Both centers of power, tapping brazen innovations over the past three decades, learned how to manufacture it.Until August 2007, when that confidence finally began to crumble. In this gripping and brilliantly reported book, Ron Suskind tells the story of what happened next, as Wall Street struggled to save itself while a man with little experience and soaring rhetoric emerged from obscurity to usher in "a new era of responsibility." It is a story that follows the journey of Barack Obama, who rose as the country fell, and offers the first full portrait of his tumultuous presidency.Wall Street found that straying from long-standing principles of transparency, accountability, and fair dealing opened a path to stunning profits. Obama's determination to reverse that trend was essential to his ascendance, especially when Wall...
Publisher: 2012
ISBN: 9780062225320
Branch Call Number: E-Book
Characteristics: 1 online resource
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lukasevansherman
Aug 27, 2018

As the financial crisis/Great Recession is shaping of to be the defining event of our time (post-9/11 at least), there will no doubt continue to be books trying to make sense of it. As someone who has never taken an economics or business class (Thanks liberal arts education.), I don't have a great grasp of the subject, but Pulitzer Prize-winning journalist and author Ron Suskind's detailed look at the financial crisis through the lens of the Obama administration is an often illuminating and engaging book on a very complex topic. Even fans of Obama will come away feeling that some of his economic advisers (Tim Geitner, Larry Summers, Hank Paulson) were maybe not the best choices, that he was too close to Wall Street, and that the bailouts where mishandled. Also see, Paul Krugman's "End This Depression Now!," George Packer's "The Unwinding," Michael Lewis's "The Big Short," and the documentaries "Inside Job" and "Inequality for All."

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vicchu
Mar 17, 2015

The length of this book makes it something of a slog. It's worth it, though. The author humanizes the many players in the early years of Obama's presidency with names, personalities, and anecdotes about events, building a picture with small strokes.

a
achanson
Aug 04, 2012

I thought this was interesting and well-written. I will definitely be reading more by Suskind and more on this topic.

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