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13 Bankers
Book • 2010
Simon Johnson's '13 Bankers' examines the role of the financial industry in shaping economic policy and contributing to financial crises.
Johnson argues that a small group of powerful bankers has exerted undue influence over government decisions, leading to deregulation and excessive risk-taking.
The book traces the history of financial regulation in the United States and the rise of the 'too big to fail' institutions.
It explores the causes of the 2008 financial crisis and the government's response, including the bailout of the financial industry.
Johnson warns of the dangers of unchecked financial power and calls for reforms to prevent future crises.
Johnson argues that a small group of powerful bankers has exerted undue influence over government decisions, leading to deregulation and excessive risk-taking.
The book traces the history of financial regulation in the United States and the rise of the 'too big to fail' institutions.
It explores the causes of the 2008 financial crisis and the government's response, including the bailout of the financial industry.
Johnson warns of the dangers of unchecked financial power and calls for reforms to prevent future crises.
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Tom Keene as the definitive book describing the loss of control in 2005-2006 when the SEC opened the floodgates to certain transactions and leverage.


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