Customer Reviews for

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

Average Rating 4.5
( 36 )
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(24)

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Most Helpful Favorable Review

10 out of 10 people found this review helpful.

A must read for current times!

Thomas Woods has reduced the function and misunderstanding of economics into a compelling read. This is a must read book for all regardless of your personal political philosophy. It is not written in economist language, but still with precision to enlighten the reader...
Thomas Woods has reduced the function and misunderstanding of economics into a compelling read. This is a must read book for all regardless of your personal political philosophy. It is not written in economist language, but still with precision to enlighten the readers.

posted by Bill-in-VA on April 13, 2009

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Most Helpful Critical Review

3 out of 15 people found this review helpful.

Misleading

1. The Community Redevelopment Act is not solely to blame for the housing bubble. Lenders such as Countywide and others VOLUNTARILY lent FAR BEYOND any governmental decree. Why? Because there was no link between loan and loan repayment due to the bundling of loans into ...
1. The Community Redevelopment Act is not solely to blame for the housing bubble. Lenders such as Countywide and others VOLUNTARILY lent FAR BEYOND any governmental decree. Why? Because there was no link between loan and loan repayment due to the bundling of loans into mortgaged back securities. This encouraged a FLOOD a loans, where the money was made on the fees charged PER LOAN, not their repayment. Lenders cared little if they were ever repaid. This was NOT caused by government edict, but by unregulated greed.
Bottom line, the avarice associated with loan origination fees and the disconnect between originating loans and their repayment went FAR, FAR beyond any requirements of the Community Redevelopment Act.

2. The data does not support the idea that federal spending exacerbated the Great Depression. When FDR decided to cut back on federal spending, the economy actually WORSENED and did not improve until spending was again increased. That is just reality. Sorry.

posted by DavidCA on July 15, 2009

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  • Posted February 26, 2009

    more from this reviewer

    I Also Recommend:

    If you want to know what's going on....

    This book is the first step to realizing what has and is going wrong with our economy. It helps to understand why government has always snagged the economy, and if we do not heed the warnings of this book, we are doomed to repeat history. Very sobering book, with good research and facts.

    5 out of 6 people found this review helpful.

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  • Anonymous

    Posted September 5, 2009

    Meltdown

    Fantastic and to the point.It was esay reading and not too long.The author make it simple to understand a difficult concept.It was very relevant to the current crises in the country and how we got there.

    1 out of 1 people found this review helpful.

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    Posted November 27, 2009

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    Posted August 18, 2009

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    Posted March 17, 2009

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