This book is about the recent stock market crash. This book explains how, when, where, who, and why! The first chapter is called "It was the economy, stupid!" The author Robert Scheer blames the top wealthy ten percent of American who bribed politicans to better fit the aristocracy's lifestyle. He goes on to blame Robert Rubin, who was a part of Clinton's adminstration. Even after the crash, he wouldn't let the media blame the government. He said it was a one day collapse and everything would whip into place. That wasn't true. Rubin was just covering his butt. Scheer says the main goal of the book is to prove some common myths about the market.
The next chapter is called "The high priestess of Reagan revolution." Under the Reagan adminstration, he blames the Mr and Mrs Gramm. Mr Gramm was a senator and reversed an act put in place in the 70s to regulate the market. Mrs Gramm worked in the CFTC. She led to mass deregulation. Those two are often blamed for the crash.
So far, I am really enjoying to book. For some reason, I really like to know why the crash happened. I have watched many documentaries on this subject, however the book gave a lot of new information.
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