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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: As in the Great Depression, the Great Recession arose from a broken financial system again.
Chapter 3: In the decades following the Great Depression, financial rules were relaxed again to satisfy nationwide credit demands.
Chapter 4: Companies prioritize short-term profits over long-term growth or solutions that best serve their customers.
Chapter 5: Shareholders may not finance the innovative products big companies develop, yet they still reap all the benefits.
Chapter 6: Banks aren’t the only actors in finance today, and they don’t confine themselves to finance, either.
Chapter 7: Profitable rental-home schemes and mismanaged retirement funds let banks profit at the expense of average citizens across America.
Chapter 8: After 2008, connections between banks and politicians weakened efforts to reform the financial system.
Chapter 9: Cutting debt and promoting financial transparency could help us repair the financial system.
Description
Makers and Takers (2016) investigates the role of finance in the 2008 crisis and subsequent recession. From the Great Depression onward, these blinks trace the history of loose regulation and blurred boundaries between commercial and investment banking, while highlighting the role of banks, businesses and politicians in the crisis. They also suggest actions the powerful can take to kickstart reform.
Who Should Listen
- Readers curious about the historical background of the 2008 crisis
- Students of economics and finance
- Young couples, families and professionals considering their prospects for mortgages and pensions