Introduction -- Part 1. E Pluribus Inc. -- 1. The Danger and Necessity of Banks -- 2. A Cheat upon Somebody -- 3 Inc. -- 4. The Civil War Tames Currency -- 5. Sunshine Charlie -- 6. Radio, Rayon, and Retail Credit -- 7. If It Seems Too Good to Be True . . . -- 8 Crash and Contagion -- 9. Tickled...

The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This...

What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers--right from the belly of the beast--arguing that this collapse need...