"A well-delineated chronicle likely to cause readers to ask who put the clowns in charge of the circus, and why aren't they confined to prison cells."
A veteran financial/business journalist examines the past three years of economic collapse, chronicling actions and inactions from dozens of villains and a few heroes.
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"A chilling anatomy of one bad decision followed by another—and another."
Lowenstein (Origins of the Crash: The Great Bubble and Its Undoing, 2004, etc.) probes a dangerous miscalculation made by American private and public enterprise: laying off responsibility for workers' pensions and retirement health benefits on some unspecified future.
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"Are there any lessons to be drawn? Yes, many. But as long as the culture 'tolerates lying, even in seemingly marginal ways,' Lowenstein suggests, the great humbling of 2002 may foretoken worse to come."
A wide-ranging examination of the stock-market boom of the 1990s and its resounding crash.
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"With a lucid style and a sense of humor and amusement, Lowenstein guides us through the thickets of high finance in the computer age."
An entertaining and informative history of Long-Term Capital Management (LTCM), the hedge fund whose 1998 collapse rattled the financial markets.
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A blue-chip biography that not only brings Warren Edward Buffett to vivid life but also pays detailed tribute to the integrity, patience, and acumen that have made the low-key Nebraskan arguably the greatest investor ever.
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