From an author whose last book was named by “BusinessWeek” as one of the Top 10 Business Books of the Year, as well as recommended for reading by the “New York Times Sunday Book Review” comes to us “Broken Bargain: Bankers, Bailouts, and the Struggle to Tame Wall Street” (Yale University Press, 1/8/2019). This is SUCH an important topic and one I hope we will all pay close attention to in the new year... getting our economic systems fixed and our banks in line is something every American can understand better, and hopefully care about!
Kathleen Day's "Broken Bargain" explores in plain English the history of Wall Street scandals, why the government keeps bailing out bankers, and why taxpayers of all political stripes should be mad about it beyond the obvious.
"A fluent if dispiriting study of an economic system that forgives those at the top so long as those at the bottom remain willing to foot the bill."-Kirkus Reviews
In an interview, Kathleen Day can discuss:
- Why our country keeps having financial crises
- How we can break the cycle of bailouts for Wall Street and create a sustainable national financial schema
- Why taxpayers have a right to be angry with policy makers and financial institutions for creating a crisis-prone financial landscape
- How and why Wall Street is intensifying its efforts to weaken legislative reform
- The history of American banking and various highlights of note, such as the wildcat era before the Civil War, when the country lacked a unified currency and instead had to deal with a mish-mash of paper currency totaling an estimated 7,000 different denominations.
- From the Great Depression to Enron’s collapse, from junk bonds to the thrift crisis, from the subprime mortgage meltdown to Wells Fargo’s opening unapproved accounts for customers, “Broken Bargain” introduces Wall Street’s players and their often damaging dealings.
See more details about the book in the press kit here: https://docs.google.com/document/d/1mm0YXr7JFXvVMShr6YFHcKGnDm6TY9vYOdVVTeBXY9U/edit
Kathleen Day spent 30 years as a business journalist with the Washington Post, Los Angeles Times and USA Today before joining the Johns Hopkins Carey School of Business as a professor of finance in 2013. She contributes to the Washington Post, USA Today and Ozy.com and has appeared on The Diane Rehm Show, CNBC, and Fox News. She lives in Washington, DC.
