2 of 2 people found the following review helpful
This review is from: The Meltdown Years: The Unfolding of the Global Economic Crisis (Hardcover)
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It may be a contradiction to say that a book about the current financial crisis is a pleasure to read, but I really did enjoy how interesting and accessible the author made a traditionally quite difficult and dry subject-matter. Of course we are - as the author rightly points out - still in the middle of the storm, so judgement on whether he is correct in his arguments on the crisis is yet to be passed, but there's no doubt that he knows the ins and outs of the financial world and as a journalist he also shows a knack for explaining the more technical tools of the trade such as CDSs in a way that is informative yet never boring (and placed in grey sidebars, so those who already have that knowledge can easily skip ahead without the frustration of trampling through already known territory).
I'm sure readers of this book would have a general knowledge of the financial industry and probably a lot of the information in this book is not new to them, but the way that it is put together to support his argument is almost like the piecing together of evidence in a crime novel and although you are never in doubt where it is taking you, you learn some surprising things on the way and put into context, it is frustrating to see that something this tragic and inevitable has been "allowed" to happen where historical evidence should be ringing the alarm bells.