Gerald Epstein
Apr 24, 2023
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BUSTING THE BANKERS' CLUB
FINANCE FOR THE REST OF US
by Gerald Epstein
Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system—and the struggle to create an alternative.
'"Gerald Epstein has done something that has needed doing since 2008 -- he has written a book that explains our complex, captured financial system to the lay reader. In simple, clear prose, he outlines why we are still fighting financial fires, and what we can do to bridge the Wall Street-Main Street divide. A wonderful way to understand how finance became the tail that wags the dog of our economy. "
—Financial Times
"This is an eye-opening, must-read blockbuster of a book showing how banks' money and power corrupts Washington and our financial system. Compellingly and insightfully connecting the dots, Gerald Epstein details how the bankers' club is also a literal club, beating down opposition and hardworking Americans, and concludes with a visionary plan for how the system can be changed to benefit all Americans."
—Dennis M. Kelleher, President and CEO of Better Markets
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My recent book, Busting the Bankers’ Club: Finance for the Rest of Us, reveals how the financial elite and their supporters – the Bankers’ Club – sustain and reproduce a financial system that creates financial crises, wins government bail-outs, and generates huge amounts of wealth for the few on Wall Street, while failing to serve the needs of the rest of us. Busting the Bankers’ Club also portrays the Club Busters: the political activists, economists, lawyers and progressive politicians who fight against these financiers' excessive power to create a financial system that works well for everyone. Bringing this drama into the present, this Bankers’ Club Blog chronicles the current struggles between the Club and the Club Busters and explains how more of us can get into the fray.
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