The Financial Crisis and the Free Market Cure

The Financial Crisis and the Free Market Cure

Why Pure Capitalism Is the World Economy's Only Hope

Book - 2013
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The #1 Wall Street Journal Bestseller

"Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government."
--Charles Koch, Chairman and CEO, Koch Industries, Inc.

Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market?

The answer is NO.

Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation's longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse.

And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals:

Why regulation is bad for the market--and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone

With shrewd insight, alarming insider details, and practical advice for today's leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You'll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market--and then completely mismanages it when it tries. In the end, you'll understand why it's so important to put "free" back in free market.

It's time for America to accept the truth: the government can't fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration--and the cure.

Publisher: New York : McGraw-Hill, c2013.
ISBN: 9780071806787
Characteristics: viii, 278 p. ; 24 cm.


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Apr 20, 2013

Quoted: /// rewards those who offer the most productive ideas, products..\\\ What the heck???? Naked swaps and institutionalized naked shorting are /// productive ideas \\\ ? Endless CDO variants from JPMorgan Chase (who also gave us that naked swap, via the Credit Default Swap) are /// productive ideas \\\ ? This book is such utter tripe it isn't even worth discussing. (The author is president of the Cato Institute, financed by the hedge funds, which together with the banksters, caused and profited from greatly the financial meltdown.) Follows the typical neocon meme: the poor were responsible for the meltdown, ignoring the facts (e.g., Abacus CDO, Timberwolf CDO, Point Pleasant CDO, Magnetar Capital, rating services, AIG Financial Products, an on and on and on....). FYI: Credit derivatives allowed banks to lend far, far more to those PE/LBO firms and hedge funds, with the PE firms destroying companies and employment for their ill-gotten profit, and the hedge funds doing ultra-speculation, having the same results.

Jan 16, 2013

Mr. Allison provides a well researched historical and current analysis of the financial crisis since the housing market and recession began in 2007.

Mr. Allison carefully informs the reader in careful research analysis, and experience, how we came to the 2007 financial crisis, the reaction and new regulations, and the future impact these regulations will have.

For all conservatives, I strongly recommend this as a must book read. Highly informative.


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