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William Black

FDL Book Salon Welcomes Simon Johnson, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

By: Sunday April 4, 2010 2:00 pm

[Welcome Simon Johnson, and Host William Black, author of The Best Way to Rob a Bank is to Own One [As a courtesy to our guests, please keep comments to the book.  Please take other conversations to a previous thread.] Thirteen Bankers: The Wall Street Takeover and the Next Financial Meltdown The authors begin their book [...]

FDL Book Salon Welcomes Joseph Stiglitz, Freefall: America, Free Markets, and the Sinking of the World Economy

By: Sunday January 24, 2010 2:00 pm

Stiglitz documents America (and much of the world’s) descent into crony capitalism (pp. 41-42, 122). He explains that while other bankrupt firms settle claims on credit default swaps (CDS) at 13 cents on the dollar, Paulson and the Fed pressured AIG to pay favored systemically dangerous institutions (SDIs) such as Goldman Sachs 100 cents on the dollar – with the public bearing the cost of this secret subsidy (p. 49). His broader point is that the neoclassical triumph in the battle of ideas (and its triumphalism about winning the battle) led not to the promised utopia of efficient, stable markets and growth, but rather to economic stagnation for the middle class, a catastrophic fall for the working class, and recurrent crises.

FDL Book Salon Welcomes Senator Byron Dorgan, Reckless!: How Debt, Deregulation and Black Money Nearly Bankrupted America

By: Sunday June 7, 2009 12:30 pm

Senator Dorgan addresses the most severe crises America needs to confront, going far beyond the specific problem he tackled in Take This Job and Ship It. Each chapter discusses a specific set of related problems and suggests specific steps to respond to the problems.

There is no universal theme to the book, but there is a consistent approach and tone. The author is a prominent Democrat that is critical of the Bush administration and Congress when Republicans dominated it. The tone of his criticism of Republicans is moderate. The book is not a partisan screed. Indeed, he strongly criticizes the leaders of the Clinton administration’s Treasury department. (Those leaders continue to dominate economic policy under the Obama administration.) His critiques combine populist roots and academic training and an accommodation of his state’s (North Dakota) interests (coal).

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Upcoming FDL Book Salons

Saturday, August 30, 2014
2:00 pm Pacific
The Nixon Defense: What He Knew and When He Knew It
Chat with John Dean about his new book.

Sunday, August 31, 2014
2:00 pm Pacific
Imagine: Living In A Socialist USA
Chat with Pau LeBlanc, Debby Smith, and Michael Steven Smith about their new book. Hosted by Deena Stryker

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