Next on my reading list: It Takes a Pillage

by philg

I’m starting It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street by Nomi Prins. I hope to write up a review when I’m finished, but in the meantime perhaps we can get a virtual book club going with comments on this post. If you’ve got a favorite section of the book or you can relate it to a more recent news event, please add a comment here.

3 thoughts on “Next on my reading list: It Takes a Pillage”

  2. Try Chris Hedges’ “Empire of Illusion” for a well-written, scathing commentary (if you can stand it — a lot of grim, “we’re the next Weimar Republic” etc).

  3. I like the idea of a ‘virtual bookclub’ and have been consistently impressed your selections – so count me in. I’ve ordered up “It Takes a Pillage” from Amazon. Look forward to some good discussion.

    Though I have to say, the ‘virtual bookclub’ might have some drawbacks as compared to my wife’s gourmet bookclub – in which each monthly meeting is accompanied by a gourmet meal chef-ed up by the host…

    @Fazal – great article thanks for the link.

    Rolling Stone had a fantastic article on the takeover of Washington by Wall Street back in March of last year:
    http://www.rollingstone.com/politics/story/26793903/the_big_takeover

    And, of course, the current fallout hitting the fan right now is Wall Street bonuses – reputed to be reaching 2007 levels. The NYT reports today that the only question is “7 figures or 8?”
    http://www.nytimes.com/2010/01/10/business/10pay.html?partner=rss&emc=rss

    With record setting profits, Goldman Sachs will be paying an average of about $595,000 per employee for 2009, the most profitable year in its 141 year history.

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