onelife1

Another book that doesn't get as much press about an industry that was very responsible for the financial crisis is "Confidence Game" by Christine Richard. She write for Bloomberg and the book is about Bill Ackman's crusade against the bond insurers most notably MBIA. It was a very good read. I also had no idea going into the book how big the bond insurance industry was and that MBIA at their peak was one of the 10 largest financial institutions in America.