Thursday, July 8, 2010

The 10 best credit crunch books

Ruth Sunderland is business editor of The Observer. She came up with a list of the ten best credit crunch books.

One title on the list:
Fool's Gold: How Unrestrained Greed Corrupted a Dream… by Gillian Tett

An elegant and expert account by the UK's most prescient financial journalist of how bankers at JP Morgan invented the credit derivatives that were perverted into instruments of mass destruction. FT writer Tett, who has a doctorate in social anthropology, is fascinating on how an elite banking "tribe" gained so much power over the rest of society. Readers will have to decide for themselves whether she lets off JP Morgan too lightly.
Read about the other books on the list.

Fool's Gold appears on Tim Bennett's five best list of books on the latest financial crash.

--Marshal Zeringue