The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession : It's now official: According to the Federal Reserve, the financial crisis wiped out $14 trillion in American household wealth - an amount equal to more than $120,000 per household. Yet Americans didn't lose it - it was taken. By whom? President Obama blames "fat cat bankers" - and polls show that 80% of Americans agree with him. But in The Great American Bank Robbery, award-winning journalist Paul Sperry offers a welcome rebuttal to this false narrative, presenting fresh evidence that government social engineers masterminded a massive bank heist with help from accomplices in the "affordable housing" sector. And now they're back in Washington planning another heist with Obama. In a detailed narrative illustrated by charts and graphs, and supported by over 50 pages of footnotes, Sperry exposes how the shakedown artists colluded at every step of the way - from Chicago to Washington - to formulate the banking regulations and housing policies that socialized mortgages, gutted traditional underwriting standards, and led to the worst financial calamity since the 1930s. Sperry also reveals how the 9/11-type commission impaneled to investigate the subprime crime set up Wall Street bankers to take the fall for Washington politicians and their cronies. This book is the report they should have produced but didn't, and the truth they don't want you to know.
|Negocios y Economia||Economic History|