![]() Other reviewers, and the White House itself, have noted a stream of similar basic errors. He seems to think "BASEL" is the acronym for the Bank of International Settlements (BIS) (Basel is the city it is based in), he says Columbia is the third greatest oil exporter to the US (it's at least seventh), Geithner was President not "chairman" of the New York Federal Reserve, the terms billion and trillion are continuously confused. It is almost inevitable that any time Suskind spends at least a paragraph discussing the background or history of an issue, he will write something glaringly and indisputably false. Even more frustrating, however, is the fact that I have never in my life read a book with more plain and simple factual errors. He confuses bank assets with liabilities, the "multiplier effect" with consumption spending, annual deficits with total debt, and on and on and on. First, the author knows nothing, and I mean nothing, about the basic economics that underpins the whole debate the book is putatively about. ![]() This has got to be one of the most infuriating books ever written. Based on hundreds of hours of interviews and exhaustive research, filled with piercing insight and startling disclosures, Confidence Men goes beyond the headlines and previous accounts, bringing into focus the unprecedented struggle between the nation's two capitals New York and Washington, one of private gain, the other of public purpose that continues to divide and roil America. Suskind moves from the frenzied trading floors of lower Manhattan to the power corridors inside the Beltway and introduces a larger than life cast of politicians and advisors, titans of high finance, reformers, lobbyists, and others who faced a crisis unlike anything they had ever imagined. In this gripping, revelatory, and brilliantly reported book, acclaimed Pulitzer Prize-winning journalist Ron Suskind tells for the first time the full story of America's financial meltdown and an untested new president charged with commanding Washington, taming Wall Street, rescuing an economy on the verge of collapse, and restoring the confidence of a shaken nation.
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