Monthly Book Discussion

This month's topic is the recent financial meltdown and the takeover of our economy and political system by Big Finance. We have two books, both similar, so you probably only NEED TO READ ONE OF THEM. I thought this would boost turnout, although reading both would give you a much better understandfing of one of the central issues of our time. The two are:

1. The Two Trillion Dollar Meltdown. Easy read. Emphasis on what happened. http://www.amazon.com/The-Two-Trillion-Dollar-Meltdown/dp/B002CMLQVQ/ref=sr_1_1?s=books&ie=UTF8&qid=1337726694&sr=1-1

2. Thirteen Bankers. Emphasis on Big Finance's political takeover and possible solutions. http://www.amazon.com/13-Bankers-Takeover-Financial-Meltdown/dp/030747660X/ref=sr_1_1?s=books&ie=UTF8&qid=1337726917&sr=1-1

Amazon has both on sale for less than $5. We'll be at Monica's At the Park again, unless notified otherwise.

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  • A former member
    A former member

    Although the topic was very technical and a bit over my head, I was happy to have it explained.

    June 10, 2012

  • Barbara

    The book selections are very interesting. I never would have found informative books like this on my own. It would also be interesting to be able to hear more about how the experiences related to the lives of others in the group first hand. One man mentioned an event he had with his own stock broker, that I would like to learn more about. Thank you.

    June 10, 2012

  • Lynne S.

    Enjoy the discussion. Am looking forward to next meeting.

    June 10, 2012

  • bill g.

    Neil and All....thanks! I really enjoyed today's discussion and of course meeting everyone, very good afternoon indeed!

    June 9, 2012

  • Barbara

    I went to the library and neither book for July is owned by SD County libraries. Since they were published in 2012, the other cities do not loan them out for 1 year, to enable their residents the opportunity to read the book. Thought those who utilize the library may be interested in knowing this. Barbara

    June 9, 2012

  • Lynne S.

    Will not have finished 13 Bankers before our meetup today, but the more I read it, the more I am astonished at what the banks get away with. Am looking forward to our meetup today. Will check out the website you suggested.

    June 9, 2012

  • David G.

    Ack!! I should have posted this much earlier! Here is a medium-sized article from the author of 13 Bankers that explains the whole thing. http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/7364/

    June 8, 2012

  • David G.

    Um, I may have erred this time. Both books were good, I thought, but I had forgotten how technical 13 Bankers is. I can easily explain in plain language why the financial crisis happned and the giant political questions it raises. Maybe it would be good if I spent 3-4 minutes (really, that's all!) doing just that at the start of the mtg. Then we can either start commenting or you can ask me to clarify any parts of the books you wish. Yeah, I have a strong background in this stuff.

    June 8, 2012

  • David G.

    FYI, the two economists who wrote 13 Bankers have a website that explains the crisis and the politics of Big Finance. It can get a little technical, but I highly recommend it. http://baselinescenario.com/

    June 7, 2012

  • Neil V

    Thank you for setting this up, David. I'm looking forward to reading the books and the forthcoming discussion.

    May 22, 2012

  • David G.

    Reminder: On June 7, David's other group will be discussing The New Jim Crow, the mind-blowing book we read for last month. See: http://civilizedconversation.wordpress.com/

    May 22, 2012

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