Simon Johnson

In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers...

"Two bestselling authors overturn conventional wisdom about how economies work, revealing the untold story of who wins and who loses the rewards of prosperity, in a work that fundamentally transforms how we look at and understand the world"--