It arrived like an unpredicted midnight storm -- one day political leaders were praising Canada's strong economy, and the next day, they declared the country -- indeed the entire world -- had slipped into a deep recession.
How could such financial devastation occur so widely and rapidly? Who were these entities named Fannie Mae and Freddie Mac, and why should their actions affect us in Canada? What caused a massive insurance company to declare losses of hundreds of billions of dollars? Where will it end -- at your workplace, your doorstep, or your savings account and RRSP?
Bubbles, Bankers & Bailouts addresses these concerns in a direct, informative and often wry manner. Employing an entertaining narrative followed by a comprehensive Q&A format, Bubbles, Bankers & Bailouts cuts through business jargon and over-hyped commentary to deal with serious issues such as: How safe is my job? Where will it end? What can I do to protect my financial situation? Why is this changing international finance forever? Will it affect Canada less than other countries? Or more than them?close this panel
"It's a slim tome of 122,000 words and uses a simple question-and-answer format, ranging from 'What the heck happened?' to 'What will happen with the stock market?'...All in all, a concise non-hysterical assessment of where we've come and some sensible suggestions on how to ride out the rest of the storm."
"[John Lawrence Renolds] is realistic and in places amusing as he tries to synthesize into a 'big picture' what the mass media have been throwing at us piecemeal every day sine the crisis began."