How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth

Praise for "The Looting of America""A cogent, clear, and compelling explanation of how Wall Street's Big Casino wrecked the economy. I might not agree with all of his provocative proposals, but so what? This book is a fun read, despite the sickening scenario it describes."--Jonathan Alter, senior editor and columnist at "Newsweek""An insightful analysis of how we got 'hit.' It is packed with data and background information and explores the pros and cons of the options before us, from those 'Wall Street won't like' to those 'Wall Street really won't like.'"--John Perkins, author of "Confessions of an Economic Hit Man""Les Leopold has performed a virtuoso service by explaining the economic mess in terms that ordinary people can grasp, in this wonderful and terrifying book."--Robert Kuttner, coeditor of "The American Prospect""A welcome parry to the mass media refrain that only the most highly trained Wall Street professionals can comprehend these financial instruments.""--Library Journal""Les Leopold's account of the economic crisis is the clearest and most accessible that I have seen. It gives a reader with little economics or financial background a riveting description of how Wall Street tore down our economy and what we can do about it. It's a page-turner we all should read."--Leo Gerard, international president of the United Steelworkers"I loved this book. A worm's-eye dissection of the Wall Street crisis from a very sharp and very knowledgeable labor economist. Here's hoping that before the Washington consensus gets set in stone, policymakers will read it and reflect on the havoc the masters of the universe have wreaked on ordinary people."--Charles Morris, author of "The Trillion Dollar Meltdown""Les Leopold tells the story of our economic collapse so clearly, so broadly, so stylishly I didn't get lost; in fact, to my great surprise, I kept going and going like Hansel and Gretel through the thick forest of mortgage finance, credit swaps, bubbles, and bailouts. The Looting of America is a guided tour for people who wonder if the ups and downs of a free market are inevitable, or if we can't make a few changes for a smoother ride."--Robert Krulwich, cohost of NPR's "Radio Lab"