Fact and Fiction Behind Too Big to Fail

About Fairy Tale Capitalism

It’s hard to prevent future taxpayer bailouts if one doesn’t truly understand how the bubbles are built. Read my book, Fairy Tale Capitalism: Fact and Fiction Behind Too Big To Fail. It is the history of the building of the financial bubble. It covers the basics of how the biggest banks used financial engineering to create a superhighway of risk. They charged the tolls and used part of the profits to gain the legislation they desired out of Congress. Congress eliminated the barriers between investment and commercial banking and removed over-the-counter derivatives from regulatory oversight. This book shows how investment banking’s risk-seeking trading orientation overtook the credit culture of commercial banking, which is backed by the federal deposit guarantee. This is the rare perspective of a credit expert, and it reveals some little-known details behind systemic risk. Find out why the Fed supported the biggest banks’ senior credit ratings despite their weaker financial profiles and what that means for the risk profiles of their major derivatives counterparties.

The book is available from all the major book outlets, including in electronic form, and also from the publisher, AuthorHouse.

Fairy Tale Capitalism: Fact and Fiction Behind Too Big to Fail

Buy Fairy Tale Capitalism Today

Was the mortgage debacle the sole cause of the financial bubble's collapse? Do you believe those who say the elimination of Glass-Steagall barriers didn't contribute to its building? Fairy Tale Capitalism: Fact and Fiction Behind Too Big To Fail places the mortgage mess into a broader perspective. It explains how the Federal deposit guarantee was married to investment banking's trading intensity, why the Fed had no choice but to bail out the biggest banks and how derivatives played a poorly-understood, but equally important role in the crisis. In simple terms Emily Eisenlohr walks with those who live on Main Street down Wall Street's darker alleys.

Buy Fairy Tale Capitalism: Fact and Fiction Behind Too Big to Fail at Amazon.com
Buy Fairy Tale Capitalism: Fact and Fiction Behind Too Big to Fail at AuthorHouse

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