Stephanie C. Fox, J.D. is a historian, writer, and editor. She is a graduate of William Smith College and the University of Connecticut School of Law. She lives in Connecticut. She has written several other books on a variety of topics, including the effects of human overpopulation on the environment, Asperger’s condition, and travel to Kuwait.
The Book of Thievesby Stephanie C. Fox
The Book of Thieves is the story of how a greedy few destroyed a nation called Oblivion. Oblivion was once a great place to live and work in, with excellent laws to protect everyone who worked there, and to keep conditions fair for them. Not anymore. A greedy few called Banksters cheated and stole after working harder at getting the rules changed and finding ways to simply ignore them than at earning an honest living. The Banksters were assisted by an untrustworthy Trustee, a Key Holder, and Dealers. The Oblivious - the citizens of Oblivion - did not notice until the deed was done. This cautionary tale should be read carefully, because it can happen anywhere. It can happen in any country, even with the best of laws. All that's necessary is for people to not pay attention, and for a few to cheat, lie and steal. Those who do not pay attention can expect to lose their homes and worse.
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The Book of Thieves is a fairy-tale flavored retelling of how the biggest gangsters and thieves in the land of Oblivion managed to set up a political and economic system that enabled one of the greatest crimes in history. Fox's story provides a quick, simplified recap of the recent mortgage crisis and a perspective on just how one creates an environment where something so terrible can happen. She writes clearly and has an entertaining and darkly humorous edge to her voice that matches the way she's chosen to tell this true crime story. Just in case you're wondering, Appendix C contains an optional Fairy Tale Happy Ending where the villains get their due and justice is served!
Anyone who works in the financial regulatory sector will be startled by this author's suggestion that the regulations be scrapped. The author advocates that new laws be made, saying that the current system is far too convoluted, complex, and an invitation to fraud. The author has done a good thing by speaking out against this.
The Book of Thieves is the story of the economic collapse of 2008 disguised as a morality tale. Stephanie C. Fox methodically explains the reasons behind the financial catastrophe that is still being felt. There are no good guys in this story. What's most striking is the failure of the political system. Fox, a lawyer, correctly points out that the citizenry assumed there were laws and regulations in place to protect the country and to shield them from harm, but in both cases, the laws protected lenders and not borrowers. As an Observer, my only quibble with this tale is that the Altruists (Democrats) must share equally in the blame with the Grabbers (Republicans). Well done, Stephanie.