4 of 4 people found the following review helpful
5.0 out of 5 stars
The only book you need, Sept. 15 2009
In Bailout Nation Barry Ritholtz does what to my knowledge no other authour up to this point has been able to do: write a clear, complete, detailed and accurate account of what has happened to the US economy, in particular the causes and consequences of the Credit Crisis.
With no axe to grind, no political slant or intellectual perspective to defend, Ritholtz paints a remarkably clear picture of how we got to this sad and sorry state. Writing in language which is both easy to understand and enjoyable to read this book is very much the "everyman's" guide to the Credit Crisis. You don't need a degree in economics to understand what happens and Ritholtz actually squeezes some humour out of the dismal science.
Probably my favourite feature of this book is that Ritholtz pulls no punches in assigning blame. Unlike the endless stream of books that blame the problem on Classical economists vs. Keynesian economists, Republicans vs. Democrats, conservatives vs. liberals, etc. Ritholtz approaches the crisis utterly uninhibited by any form of political, intellectual or ideological biases. This allows him to take a very broad view of the problem and lay out how complex it is in realty, a failing of many not simply a few. In his indictment of the guilty he is blistering and honest and it will surely make you feel a little angry at the least and may put you on the warpath at the worst.
All in all this is the most accurate, well written account of American economic malaise including the Credit Crisis. I highly recommend it as an informative and enjoyable read.