Roger Lowenstein writes of ‘The End of Wall Street’; but first, a word from Barack Obama
The sky is falling!
The sky is falling!
What’s that? The sky has already fallen?
Damn, I hate being late to the party.
Apparently, it’s old news that the world financial system was on the edge of collapse over the course of recent years and those fat, rich bastards on Wall Street—and President Obama’s right, it is fun to hate on them—nearly sent us all into oblivion.
But what you may not know is who and what brought this mess upon us. That’s where financial journalist Roger Lowenstein fits in.
Lowenstein’s new book, The End of Wall Street—which entered the New York Times and Wall Street Journal bestseller lists at #1 upon publication—is a perfectly timed dissection of what happened and who’s to blame. Lowenstein even starts the book with a handy roster of the play’s characters so it’s easy to keep track of the villains.
And his timing on this show is perfect, since less than an hour ago, Obama was at Cooper Union in Manhattan, addressing the titans of Wall Street on this very subject.
There aren’t a lot of good guys in this multi-act tragedy.
And Lowenstein’s timing on this show is perfect, since less than an hour ago, Obama was at Cooper Union in Manhattan, addressing the titans of Wall Street on this very subject.
Lowenstein is joining us on Mr. Media today to promote his appearance on Tuesday, April 27 at Forum Truth in Sarasota, Florida. His talk starts at 7:30 p.m. and the cost of admission includes a copy of his book, The End of Wall Street. You can make reservations online @ www.forumtruth.org or by phone, 941-349-8350.
ROGER LOWENSTEIN AUDIO EXCERPT: “Wall Street messed up big time. I think we want a president to say this is a real risk; these financial instruments got out of hand. You can keep playing with them but we’re going to set some rules, just as we set rules on the highway. You might want to drive 90, but for the benefit of all we’re going to say 65 is the speed limit. Obama is trying to set down some speed limits in the financial markets.”
Hear it now!
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[...] Roger Lowenstein writes of 'The End of Wall Street'; but &… [...]
As a professional book reviewer, I read lots of nonfiction carefully for pay (to supplement my meager earnings as a book author), then share my opinions. I have read Roger Lowenstein’s first-rate book about the Wall Street role in the financial collapse, as well as six other similar books published during 2009 and 2010.
I appreciate the interesting disclosures unearthed by each author. But I hope to avoid reviewing at least some of the Wall Street scandal books yet to arrive in stores. Why? Because I am becoming increasingly, and unhealthily, enraged that almost nobody of significance from Wall Street will serve prison time.
It would be unfair the criticize the title of Lowenstein’s book by reading it too literally. As far as I can tell, though, Wall Street is nowhere near an end. The characters from the books are mostly on the job, still earning a ridiculous amount of money, and suffering few if any negative consequences for the immoral and perhaps illegal behaviors.
Steve, thank you for your thoughtful and direct comments. Excellent points.
[...] Roger Lowenstein writes of 'The End of Wall Street'; but first, a … [...]