Books on the GFC

BradK said:

Hi,

Can anyone recommend any good books on the nuts and bolts of the GFC? What happened? How was it 'fixed'? What is to come?

I realise that we are still in the midst of it - and it probably has a bit to play out. But, I am talking about GFC I - from the collapse of too big to fails to the bailout.

Books?
Websites?
YouTube clips?


Thanks
Brad

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GumbyLearner said:

There are a bunch of presumptions in your post.

I know you're a reasonable poster Brad K.

A collapse in the price of commodities though? Maybe a few?

Anyway here's something to consider

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What Is Wrong With Our Financial Markets
Posted: Jul 14 2010 By: Dan Norcini Post Edited: July 14, 2010 at 5:28 pm

Filed under: Trader Dan Norcini

Dear CIGAs,

Here is a perfect example of what has gone wrong with our financial markets and why they are becoming irreparably destroyed as an indicator of true value. As I have said repeatedly, the influx of hedge fund money under the control of black box algorithms instead of providing liquidity as they falsely claim is actually working to undermine the integrity of our financial markets.

We no longer have a venue where buyers and sellers meet to determine “value” but rather where computers push prices in attempts to generate price movement so that they can create profits out of that movement based on their ability to fire off a series of rapid fire Buy or Sell orders. This has absolutely nothing to do with balancing the forces of supply and demand and everything to do with separating the investing or trading public from their capital who are the minnows swimming in this sea of unethical and unprincipled sharks.

Trader Dan

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GumbyLearner said:

There are a bunch of presumptions in your post.

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