A brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff. When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking.

The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar’s Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely—really unlikely—heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our times.

Sub-Titled:
How your neighbors are making a big second income by writing and publishing their own money-making websites.

Usually, I try to be nice and diplomatic about books that I didn’t care for. After all, it’s all about personal taste. However, when I smell fraud I get aggravated, and I have a hard time holding back some profane thoughts. That is the case with New Path to Riches by Nick Usborne.

As a matter of principle, I do not buy any books that promise the reader the guaranteed path to success, but every now and then I need a slap in the face, I guess. The not-so-literal slap in the face came with buying and reading New Path to Riches by Nick Usborne.

Well, my excuse is that I bought the eBook version through BookLocker.com, a business managed by Angelo Hoy (who also publishes WritersWeekly.com). I do LOVE Angela’s weekly newsletter, and I do love her style and her approach to publishing. She is, however, not responsible for the content of the books she sells. My hope was that the authors she deals with are as honest and as straight-forward as Angela, or, at least, in the same ballpark. Unfortunately, Nick Usborne is not in the same class as Angela.

My hope was also to learn intimate details about creating a money-making web site, but his book New Path to Riches is a 150+ page collection of mindless blabbering that reads like the presentation of a motivational speaker. There is absolutely NOTHING in this book that you cannot find on the Internet free-of-charge. There is close to NULL profound information on how to create a web site and make it work – as I said before, just mind-boggling bla, bla, bla, and… bla.

Don’t waste your money with this book. Spend a few minutes on the Internet to get REAL information.

Last, but not least, if you want honest information on how to start a web site or blog and make money from it, check out my book, A No-Nonsense Guide to a Professional Blog (There is also a preview of the book). Honestly, I wrote it after learning about the so-called “Google Profit Library”, but especially after reading New Path to Riches by Nick Usborne. I deemed it was time to stop the nonsense. The book shows you step by step how to set up a professional blog with some advice on how to run it, and maybe even make some money from it. The difference is, you don’t pay me at all (I would appreciate that you buy the book, paperback or PDF), and the required investment of roughly $120…200 per year goes to your Internet service provider for running your web site. Also, check out myprofessionalblog.com. This is the web site I created to write the book, meaning I created the web site, made screen-shots and included them into the document.

Andrew Ross Sorkin delivers the first true behind-the-scenes, moment-by-moment account of how the greatest financial crisis since the Great Depression developed into a global tsunami. From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the world’s economy.

“We’ve got to get some foam down on the runway!” a sleepless Timothy Geithner, the then-president of the Federal Reserve of New York, would tell Henry M. Paulson, the Treasury secretary, about the catastrophic crash the world’s financial system would experience.

Through unprecedented access to the players involved, Too Big to Fail re-creates all the drama and turmoil, revealing never disclosed details and elucidating how decisions made on Wall Street over the past decade sowed the seeds of the debacle. This true story is not just a look at banks that were “too big to fail,” it is a real-life thriller with a cast of bold-faced names who themselves thought they were too big to fail.