Can knowing how a financial crisis happened keep it from happening again? Sheila Bair, the former chairman of the FDIC, explains how the Great Recession impacted families on a personal level in this easy-to-understand book “that puts a human face on the economic crisis” (School Library Journal).In 2008, America went through a terrible financial crisis, and we are still suffering the consequences. ...
Age Range: 12 and up
Grade Level: 7 - 9
Lexile Measure: 1160
Paperback: 288 pages
Publisher: Simon & Schuster Books for Young Readers; Reprint edition (April 12, 2016)
Product Dimensions: 5.5 x 0.7 x 8.2 inches
Amazon Rank: 450426
Format: PDF ePub fb2 djvu ebook
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- Simon & Schuster Books for Young Readers; Reprint edition (April 12, 2016) epub
At times it seemed to be directed to a younger audience but the message was extremely clear. The majority of the government effort was to save the banks and those who profited from the schemes they dreamed up to make money for themselves. Any effort ...
st their homes and struggled to pay for food and medicine. Businesses didn’t have money to buy equipment or hire and pay workers. Millions of people lost their jobs and their life savings. More than 100,000 businesses went bankrupt.As the former head of the Federal Deposit Insurance Corporation, Sheila Bair worked to protect families during the crisis and keep their bank deposits safe. In The Bullies of Wall Street, she describes the many ways in which a broken system led families into financial trouble, and also explains the decisions being made at the time by the most powerful people in the country—from CEOs of multinational banks, to heads of government regulatory committees—that led to the recession.