Crisis

All the Devils are Here (5 Stars)

Anyone willing to read a longish book could benefit from this book.  It is the best book on the crisis so far.

If you want to, you can buy it here: All the Devils Are Here: The Hidden History of the Financial Crisis.

Street Fighters (5 Stars)

This is a good book that deserves to be read by those that want a clear view of how Bear Stearns went down.  It is engaging and informative.

You can buy it here:

Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street

Complicit (5 Stars)

Most people would benefit from this book on the crisis.  The book is available here: Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable (Bloomberg)

Confidence Game (5 Stars)

Most average investors could benefit from the book.  It would tell them that economic systems that rely on third-party appraisals are inherently fragile.  They can be gamed by those with a concentrated interest for a time, until reality catches up with them.

I recommend this book highly.  If you want to buy the book, you can buy it here:  Confidence Game: How a Hedge Fund Manager Called Wall Street’s Bluff.

Slapped by the Invisible Hand (4 Stars)

Anyone looking to understand the fundamental reasons behind the crisis will benefit.

If you want to buy it, you can find it here: Slapped by the Invisible Hand: The Panic of 2007 (Financial Management Association Survey and Synthesis)

13 Bankers (4 Stars)

Almost everyone would benefit.  It does a great job laying out the problems, and the solutions that they offer are eminently reasonable.  Again, you have to be willing to read a book where the words are big, the sentence structures are complex, and you already understand something about economics.

If you want to buy the book, you can buy it here: 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.

Financial Shock (3 Stars)

All in all a very good book.  If you have a relative that doesn’t understand the crisis, this will explain it to him in a simple way.  If you want to buy it, you can buy it here:

Financial Shock (Updated Edition), (Paperback): Global Panic and Government Bailouts–How We Got Here and What Must Be Done to Fix It

When Giants Fall (2 Stars)

If you get easily dismayed, this is not the book for you.  Michael Panzner paints an “end of the era” picture for America, with the nation as a whole less well off.

For those that are willing to look at the pessimistic side of what is possible, When Giants Fall is a reasonable account of what could happen.  Warning: the book is long on description, and short on solutions, both personal and national.

You can buy it here: When Giants Fall: An Economic Roadmap for the End of the American Era.