The Great Deformation: The Corruption of Capitalism in America

Front Cover
PublicAffairs, Apr 2, 2013 - Political Science - 768 pages
 

Contents

The Needless Rescue of AIG and Wall Street
3
False Legends of Dark ATMs and Failing Banks
19
Days of Crony Capitalist Plunder
35
PART II
51
How the Budget Battle Was Lost
70
How the GOP AntiTax Religion
87
The Nixon
108
New Deal Myths of Recovery
137
How the Fed Brought the Gambling Mania to Americas Neighborhoods
425
The Great Financial Engineering Binge
443
The Great Raid on Corporate Cash
455
How the Fed Got Cramerd
475
When Giant LBOs StripMined the Land
501
Rise of the Debt Zombies
520
Bonfires of Debt and the Road Not Taken
537
PART V
549

Crony Capitalism
169
War Finance and the Twilight of Sound Money
195
Eisenhowers Defense Minimum and the Last Age
213
The American Empire and the End of Sound Money
235
Rise of the TBill Standard
260
PART IV
279
Pork Bellies Floating Money and the Rise of Speculative Finance
281
Greenspan 2 0
320
Bull Market Culture and the Delusion of Quick Riches
343
Serial Bubbles
361
How Wall Street Got Huge
382
Roots of the Great Housing Deformation
404
Willard M Romney and the Truman Show of Bubble Finance
551
Bernankes False Depression Call and the 800 Billion Obama Stimulus
577
Crony Capitalist Larceny
598
The Rampages of Crony Capitalism
613
No Recovery on Main Street
631
Last Gift to the 1 Percent
649
The StateWreck Ahead
672
Another Road That Could Be Taken
706
Note on Sources
713
Index
719
About the Author
743
Copyright

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About the author (2013)

David A. Stockman was elected as a Michigan congressman in 1976 and joined the Reagan White House in 1981. Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending, and shrink the role of government. He joined Salomon Brothers in 1985 and later became one of the early partners of the Blackstone Group. During nearly two decades at Blackstone and at a firm he founded, Stockman was a private equity investor. Stockman attended Michigan State University and Harvard Divinity School and then went to Washington as a congressional aide in 1970. He is also the author of the New York Times bestseller The Triumph of Politics: Why the Reagan Revolution Failed.

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