Planet Ponzi
Author | : Mitch Feierstein |
Publisher | : Glacier USA INC |
Total Pages | : 413 |
Release | : 2012-02-02 |
ISBN-10 | : 9780985036904 |
ISBN-13 | : 0985036907 |
Rating | : 4/5 (907 Downloads) |
Download or read book Planet Ponzi written by Mitch Feierstein and published by Glacier USA INC. This book was released on 2012-02-02 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets - and ultimately, an economic disaster which has dwarfed all others. The Eurozone crisis and the LIBOR manipulation scandal are just two symptoms of a much broader problem: one of vastly excessive debt, regulatory failure, a culture of deceit on Wall Street and the City of London, and governments that have promised their citizens far more than they can deliver"--Publisher.