Michael Hirsh, until very recently of Newsweek, now at the National Journal, is doing a star turn in connection with his new book, Capital Offense: How Washington’s Wise Men Turned America’s Future Over to Wall Street
I must confess I blurbed his book (I find it a bit weird that I am now considered a worthy endorser) and I would not have done so had I not enjoyed it. Hirsh’s book is likely to been seen as the definitive journalistic account of the crisis, much as Too Big to Fail is now the benchmark Wall Street report. But TBTF stuck with in-depth reporting of a narrow window of time, and portrayed Big Names We All Heard Of struggling to Save the System, without questioning in a serous way whether that was the right objective. Hirsh looks over a much longer historical period, gives a clear picture how people who should have known better were swept up in a prevailing ideology, and how those who opposed it were shunted aside. I thought I was pretty well informed as to who did what to whom when, and learned a great deal from Hirsh’s history.
Hirsh chats on Morning Joe:
WordPress does not do well with a lot of embed code, so if you can’t view the video, try here.
PS I hate the need to keep up with my own book promotion (it’s a bit tacky but necessary), but a lot of readers have been so kind as to say nice things about ECONNED in comments. If you are one of those people, and have not done so yet, please trundle over to Amazon or whatever book review service you prefer and leave a short comment and rating there. Thanks!