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Posted October 4, 2009
The best explanation of what Wall Street did that led to the Crash of 2008
Les Leopold presents the clearest explanation of all the machinations that Wall Street engaged in during the past 10 - 15 years. He describes how these 'Financial Instruments' developed and why they were the underlying cause of the Crash of '08.
But he does this in a real world context by explaining how this affected regular people all over the world. He puts Wall Street's activities into a greater political and economic historic context that describes the origins of the Stock Market. He even explains how the use of 'interest' began. He provides an understanding of how the history of the past 400 years led to these 'ups and downs' in the Stock Market.
He presents this analysis and story in very readable terms that any of us can understand.
This is a book that should be read by groups of people who not only want to understand why the Crash happened but also want to prevent it from happening in the future. This book deserves study, analysis and discussion among all working people.
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