Posted by Blake Hartman
Financial analyst sorts out fantasy from reality regarding America’s financial meltdown
The collapse of the U.S. stock and housing markets and the subsequent credit crisis have left many Americans asking how it could have happened. However, to understand how the collapse happened, says financial analyst and author Emily Eisenlohr, one must first understand how the huge systemic bubble that led to the collapse was built. Fairy Tale Capitalism: Fact and Fiction Behind Too Big To Fail (published by AuthorHouse) outlines the evolution of the financial bubble and brings simple perspective to a seemingly daunting question.
Fairy Tale Capitalism presents a brief history of how the biggest banks became ‘Too Big to Fail’. The book peels away the fictions and presents the facts. Although reforming the financial sector may be complex, understanding how systemic risk grew is rather simple. Fairy Tale Capitalism puts the puzzle together one piece at a time.