13 Bankers: The Wall Street Takeover and the Next Financial Meltdown Review

I found the main argument of this book very convincing - that the large banks have too much power. The government provided them a bailout and then enacted no meaningful reform to make sure that we won't have a recurrence of the crisis. Which of course makes it more likely that we will have a recurrence since the large banks know that they will not be allowed to fail, hence they can take large risks without having to worry about the consequences. The author's argue that this situation has arisen creating an American "oligarchy" - or government by the rich. As they explain this situation they do explain how the crisis unfolded. However, I did find the book a bit tough to read, being highly repetitive and fairly technical. If you are looking for a good understanding of the crisis, try Micheal Lewis' The Big Short: Inside the Doomsday Machine. It would be worthwhile to find a good summary of this book to read and send to your representatives in Congress demanding meaningful action on financial reform.Get more detail about 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.