Emily's Reviews > Crashed: How a Decade of Financial Crises Changed the World
Crashed: How a Decade of Financial Crises Changed the World
by
by

I am so glad I listened to this audiobook, even though it is dauntingly bloody long. A clear, concise (this man needs to 28 hours to explain global financial systems and their messes concisely) adventure from the housing bubble to the crash and the assurances that the market will fix everything to a surprise Republican government bailout, alienating working class Republicans from sober, business Republicans (this will have ramifications later), and a blow to the rest of the world who had invested heavily in stable US dollars, backed by shady mortgage lending. The difference between the US financial crumpling and the European bank failures several years later is that Germany refused to about-face its free market principles and bail out tomato Europe. Also, every time England goes through a crisis safely and effectively, it puts itself on austerity footing and ends up with a weird demagogue in charge. Five stars, ten million stars, mandatory good citizenship read.
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Reading Progress
Started Reading
February 22, 2022
– Shelved
February 22, 2022
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Finished Reading