The 86 Biggest Lies on Wall Street

“Talbott is an oracle with a track record: His previous books predicted the collapse of both the housing bubble and the tech-stock binge before it.”—Bloomberg.com

“Talbott gives fiscal politics a shot of excitement and, yes, hope.”—Publishers Weekly

Investors and citizens around the world realize, as never before, that we were misled—lied to—about the stability of our financial system. But what now?

The 86 Biggest Lies on Wall Street exposes the lies and then exposes us to the truth of what it will take to rebuild our economy. As a former investment banker at Goldman Sachs, John R. Talbott knows firsthand how the financial system operates and how to fix it. As the “oracle” who predicted the housing crisis in his 2003 book, The Coming Housing Crisis, and called the election for Obama when the senator from Illinois was still the underdog (Obamanomics), Talbott’s revelations about how Wall Street really works are as clear-eyed and undeniable as his predictions and recommendations for our economic future are tough, sensible, and exciting. We may ignore them at our peril.

John R. Talbott is the author of six previous books on economics and politics, including, most recently, Obamanomics: How Botton-Up Economic Prosperity Will Replace Trickle-Down Economics and Contagion: The Financial Epidemic That is Sweeping the Global Economy . . . and How to Protect Yourself from It. He has written for The Wall Street Journal, The Financial Times, The Boston Globe, San Francisco Chronicle, Buzzflash.com, and Alternet, and he has appeared as a commentator on CNN, Fox, CNBC, CBS, and MSNBC.