The Blame Game of the Financial Meltdown INFILTRATED: HOW TO STOP THE INSIDERS AND ACTIVISTS WHO ARE EXPLOITING THE FINANCIAL CRISIS TO CONTROL OUR LIVES AND OUR FORTUNES Five years ago this September, our country experienced the most significant financial crisis since the Great Depression. It began in markets connected to “subprime” mortgages, but the cause and solution still eludes our country, our leaders, and our policy makers. The government bailout and drama that followed helped establish a belief among media and the public that the greedy actions of our banks caused the financial crisis. That false understanding provided the motivation for passing the Dodd-Frank Act, which supporters claimed would prevent a future financial crisis. But the facts show otherwise—and the truth is far more insidious. Only by understanding the real cause of the crisis can we prevent another one. Looking forward five years after the 2008 financial crisis, Jay Richards wants to know who is reforming the reformers. In his new book, INFILTRATED (McGraw-Hill, hardcover, August 2013), Richards, a philosopher with a special focus on politics and economics, casts a wide net to capture the true causes of the crisis that began in earnest in September 2008, as well as solutions to prevent another meltdown. The book is part socioeconomic analysis and part examination of the continuing debate over who is to blame for the crisis and who is still trying to gain from it.
JAY RICHARDS is the author of INFILTRATED: How to Stop The Insiders and Activists Who Are Exploiting The Financial Crisis To Control Our Lives And Our Fortunes. He is a New York Times bestselling co-author of Indivisible (Faithworks, February 2012) and author of Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem (HarperOne, May 2009). He received a Templeton Enterprise Award for that book in 2010. Dr. Richards is a Distinguished Fellow at the Institute for Faith, Work & Economics, in McLean, Va., and a Senior Fellow at the Seattle-based Discovery Institute, where he has been director of its Center on Wealth, Poverty, and Morality. Among his past affiliations are as Contributing Editor of The American at the American Enterprise Institute, as a Visiting Fellow at the Heritage Foundation, and as a Research Fellow and Director of Acton Media at the Acton Institute. For more information about the book, go to www.infiltratedthebook.com.
Date Recorded: 9/4/2013
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