Summary:
The book provides a detailed account of the 2008 financial crisis, examining the causes and consequences of the collapse, including the risky practices of Wall Street firms, the housing bubble, and the failure of key financial institutions. It also delves into the response by the U.S. government and central bank to mitigate the economic damage and stabilize the financial system.
Key points:
1. Wall Street's belief in endless market growth led to risky behavior and complex, misunderstood financial products, setting up the crash.
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