Book Hour: The Seven Sins of Wall Street: Big Banks, Washington Lackeys, and the Next Financial Crisis

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Bob Ivry is an editor and investigative reporter for Bloomberg News. His new book takes the stories of the victims, the whistleblowers, and the bankers and uses them to personalize and describe the reasons for Wall Street’s collective greed and the weak politicians who lack courage to enact and enforce legislation to prevent another financial crisis. The penniless victims are quoted: “Money you don’t even have, they want it” and “the mortgage industry had done more damage to America than Osama bin Laden”. Ivry writes his book “to make sure Wall Street will not write-off the failure of America as a cost of doing business.” He comments on Jamie Dimon and others by saying, “There’s a quaint notion of sportsmanship. The drive to win is healthy; the need to cheat in order to obliterate a crippled rival is pathology.” Ivry’s book makes the complex laws and law-breaking by the banks understandable for readers and whets the appetite of Tim Danahey Show listeners.

Guest: Bob Ivry
Publicist: Public Affairs

Commercials:
Tattered Cover Book Store

Music Featured:
“Long Live the King” by Radiance Effect

American History Minute:
The Battle of New Orleans

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About Author

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The Tim Danahey Show started in July, 2010 at internet station Castle Rock Radio. It started as a one-day-per week endeavor and quickly grew to five days per week. The show discusses economics, government, social issues, history, and non-fiction books in a magazine format featuring in-depth conversations with guests. Politics and inflammatory conversations are discouraged as they are divisive and counter-productive. Instead, the show seeks under-reported topics and delves into facts, different perspectives, and ramifications of each perspective.