The Great Hangover: 21 Tales of the New Recession from the Pages of Vanity Fair Review

The Great Hangover: 21 Tales of the New Recession from the Pages of Vanity Fair
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Charles Barkley once quipped "You know the world has changed when the most famous rapper is white and the most famous golfer is black", and I might add "when the best book for financial meltdown circa 2008 comes from fashion magazine"
This book is a collection of articles about financial troubles during 2008, including the collapse of Bear Stern, Iceland fiasco, Bernie Mardoff, etc. As it is intended to be magazine article for general audience, the writing style is short, the scope is limited, and the language is plain. People without much of financial knowledge could enjoy this book and gain some valuable knowledge regarding the economic depression of 2008.
Stats buffs may point out that this book has not given much of numbers to support its claim, hence it could be hard to use the book for serious reference. The book also deals with subject in investigative journalism style, which might not be your cup of tea. Lastly, I would like to read more from the economists' point of view (Paul Krugman?).
All in all, I pick this book up to learn something about the financial crisis of the US, and I am surprised that I enjoy reading this book. I would recommend this book as a starting point in learning what happened in 2008. No, it's not as informative as many books in the market, but it covers many subjects that are related to the event.

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Vanity Fair presents 21 true stories of the new hard times

Where did all the billions go?

Commissioned by the editors at Vanity Fair magazine, The Great Hangover is an eye-opening collection of essays on the global economic crisis by fifteen of the most respected contemporary business writers in America, including:

Bryan Burrough (Barbarians at the Gate) on the atmosphere of uncertainty and fear that preceded the demise of Bear Stearns . . .

Michael Lewis (Liar's Poker) on Iceland's bizarre national implosion . . .

Mark Bowden (Black Hawk Down) on the decline of The New York Times and the threat to the ailing newspaper industry . . .

Mark Seal on the defining figure of the seriously tarnished New Gilded Age: the Grand Master of Greed, Bernie Madoff . . .

Along with compelling and sometimes hair-raising pieces from a dozen other Vanity Fair contributors on the recent recession's myriad villains and victims-and the worldwide impact of the financial downturn.


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