The Sellout: How government encouraged Wall Street's risk-taking

Summary:Charles Gasparino, in his new book, The Sellout, shows how 30 years of misteps by Wall Street and government agencies lead to the financial crisis. In fact...Gasparino believes that the government actually enticed Wall Street's risk-taking. Gasparino goes on to argue, that given repeated missteps, the SEC should shut be down and the policing powers should be given to another government agency such as the FBI.

In this MoneyWatch exclusive, editor-at-large Jill Schlesinger, spends some time with award-winning financial journalist and reporter Charles Gasparino. Gasparino, in his new book, The Sellout, shows how 30 years of misteps by Wall Street and government agencies lead to the financial crisis. In fact...Gasparino believes that the government actually enticed Wall Street's risk-taking. Gasparino goes on to argue, that given repeated missteps, the SEC should shut be down and the policing powers should be given to another government agency such as the FBI.

[video=364301-MW]

This post was originally published on Smartplanet.com

Topics: Innovation

About

Contributing Editor, People Vince Thompson is a digital revenue consultant, author, speaker and host of the popular BNET show Dog and Pony. His firm Middleshift LLC helps Internet companies build revenue by creating advertising solutions and scaling sales efforts. He is based in Los Angeles. Follow him on Twitter. Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.