suggestedreading kaoriSUZUKI FISCHER Banking on the Future A Map and Compass for Financial Exploration
When it comes to U.S. banking and finance, there seems to be no such thing as small. Until the Great Recession of 2007-2008, most of us were able to ignore the rumbling percolations of our mammoth financial systems, but those days are gone. It’s time to read and contemplate vital information about the shadowy world beyond our favorite ATM. We asked the Barnes & Noble buyers and the booksellers at
their West Melbourne store to identify bestsellers on banking and finance that are receiving encores from appreciative readers. In this rundown of their top six, we’re including the subtitles as well as the titles because in several instances, they more accurately describe the content.
Topping several lists was Simon Johnson and James Kwak’s 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Knopf,
$26.95). Readers and reviewers have praised this book by the former chief economist of the International Monetary Fund as both insightful and accessible.
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Sebastian Mallaby’s More Money Than God: Hedge Funds and the Making of a New Elite (Penguin USA, $29.95) draws on over three hundred hours of interviews to deliver its crisp narrative history of the mind- boggling money machinations of the hedge fund bunch.
Liaquat Aharned’s Lords of Finance: The Bankers Who Broke the World (Penguin USA, $18.00), the only paperback among the finalists, chronicles the misdeeds and
misperceptions that caused The Great Depression that began in 1929.
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For a decade, financial analyst Harry Markopolos tried vainly to convince the Securities and Exchange Commission that the billion-dollar schemes of Bernard Madoff were one monstrous fraud. In No One Would Listen: A True Financial Thriller (John Wiley and Sons, $27.95), he describes what he did and why the SEC failed to catch a scoundrel.
Of course, it’s not all about the past. Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown (John Wiley and Sons, $27.95) has three authors and one major point: It’s not over yet. This practical guide prepares the reader for the next phases of financial meltdown and recovery.
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Kaori Suzuki Fischer is the community relations manager for Barnes & Noble Booksellers in Melbourne.
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The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It (Crown, $27.00) by Scott Patterson is a natural follow-up for readers who have enjoyed books like Bringing Down the House and Catch Me If You Can.
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