“He is particularly good on the confused minds of many in the City who invested so much emotional energy into what they still call the free-market that they are now bleating about government interference while working for firms that would have collapsed if not for taxpayers’ money. Numbers – those trillions and billions – are put into context and he has a good eye for a simile: for speculators, the arrival of the credit derivatives market so soon after the dot-com crash, “was like a guy turning up at a rave with a bag of Ecstasy pills right after the drug squad has just left”. In the end, Mason is quite sure where the blame lies for our malaise: Wall Street and the politicians in its pay. He is optimistic that the high priests of finance won’t have the same level of power again. Unless American politics is funded differently, I fear that they always will. Either way, this is a good read.”
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