Editorial Content for The Bullies of Wall Street: This Is How Greedy Adults Messed Up Our Economy
Contributors
Reviewer (text)
In 2008, the U.S. went through the Great Recession. It had tremendous effects on the country and put countless families in horrible situations. THE BULLIES OF WALL STREET by Sheila Bair is an informative read about how this entire tragedy came about.
The book keeps the reader’s attention by placing facts and information behind fictitious narratives about the struggles of living through this crisis. Although the stories are not real, they are based off actual experiences that families had to go through during this time.
"I recommend this book to anyone with an interest in American history or a general interest in business."
While THE BULLIES OF WALL STREET is not as thrilling as, say, a fantasy YA novel, I found it to be informative and thorough, and quite enjoyed reading it. The book goes through the reasons that the financial crisis occurred and the effects it had on many families’ lives. It talks about different kinds of mortgages and loans a family can take out, and why some of their decisions turned out to be a great mistake.
I recommend this book to anyone with an interest in American history or a general interest in business. This book may be more suited for teens that are a bit older because younger teens may find it difficult to follow the terminology.
Teaser
In 2008, America went through a terrible financial crisis, and we are still suffering the consequences. As the former head of the Federal Deposit Insurance Corporation, Sheila Bair worked to protect families during the crisis and keep their bank deposits safe. In THE BULLIES OF WALL STREET, she describes the many ways in which a broken system led families into financial trouble, and also explains the decisions being made at the time by the most powerful people in the country that led to the recession.
Promo
In 2008, America went through a terrible financial crisis, and we are still suffering the consequences. As the former head of the Federal Deposit Insurance Corporation, Sheila Bair worked to protect families during the crisis and keep their bank deposits safe. In THE BULLIES OF WALL STREET, she describes the many ways in which a broken system led families into financial trouble, and also explains the decisions being made at the time by the most powerful people in the country that led to the recession.
About the Book
Can knowing how a financial crisis happened keep it from happening again? Sheila Bair, the former chairman of the FDIC, explains how the Great Recession impacted families on a personal level using language that everyone can understand.
In 2008, America went through a terrible financial crisis, and we are still suffering the consequences. Families lost their homes, had to give up their pets, and struggled to pay for food and medicine. Businesses didn’t have money to buy equipment or hire and pay workers. Millions of people lost their jobs and their life savings. More than 100,000 businesses went bankrupt.
As the former head of the Federal Deposit Insurance Corporation, Sheila Bair worked to protect families during the crisis and keep their bank deposits safe. In THE BULLIES OF WALL STREET, she describes the many ways in which a broken system led families into financial trouble, and also explains the decisions being made at the time by the most powerful people in the country --- from CEOs of multinational banks, to heads of government regulatory committees --- that led to the recession.
