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Editorial Reviews. bestthing.info Review. site Exclusive: Liaquat Ahamed on the Economic Advanced Search · site Store; ›; site eBooks; ›; History. eBook) Download Lords of Finance The Bankers Who Broke the World PDF DOWNLOAD, Length: 1 pages, Page: 1, Published: Winner of the Pulitzer Prize"A magisterial work You can't help thinking about the economic crisis we're living through now."—The New.
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Sign up to our newsletter using your email. Thank you! At the moment tax payers are so furious at the irresponsibility of the bankers who got us into this mess that they are in no mood to support yet more money to bail out banks. It is going to take an extraordinary act of political leadership to persuade the American public that unfortunately more money is necessary to solve this crisis.
The second area that keeps me up at night is Europe.
During the real estate bubble years, the 13 countries of Eastern Europe that were once part of the Soviet empire had their own bubble. The burden will have to fall on the tax payers of Western Europe, especially Germany and France.
In the U. There is no such mechanism in Europe. It is going to require political leadership of the highest order from the leaders of Germany and France to persuade their thrifty and prudent taxpayers to bail out foolhardy Austrian banks or Hungarian homeowners. The Great Depression was largely caused by a failure of intellectual will—the men in charge simply did not understand how the economy worked. The risk this time round is that a failure of political will leads us into an economic cataclysm.
From Bookmarks Magazine Almost all critics praised Lords of Finance for its command of economic history and engaging, lucid prose. Ahamed, noted the New York Times, illuminates wise parallels between the misplaced confidence that spawned the global depression in the s and the illusory calculations of risk that led to the current financial crisis.
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Lords of Finance: The Bankers Who Broke the World - eBook
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Thrice the Brinded Cat Hath Mew'd. Ahamed does a superlative job of explaining the ever-germane way the problems of one shyster, one bank, one treasury or one economy can set off repercussions all around the globe. With penetrating insights for today, this vital history of the world economic collapse of the late s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth century.
These capital imbalances were a fault line in the world's financial. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades.
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