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Confidence Men: Wall Street, Washington, and the Education of a President By Ron Suskind,

  • Title: Confidence Men: Wall Street, Washington, and the Education of a President
  • Author: Ron Suskind
  • ISBN: 9780062092557
  • Page: 389
  • Format: ebook
  • In this gripping, revelatory, and brilliantly reported book, acclaimed Pulitzer Prize winning journalist Ron Suskind tells for the first time the full story of America s financial meltdown and an untested new president charged with commanding Washington, taming Wall Street, rescuing an economy on the verge of collapse, and restoring the confidence of a shaken nation SuskiIn this gripping, revelatory, and brilliantly reported book, acclaimed Pulitzer Prize winning journalist Ron Suskind tells for the first time the full story of America s financial meltdown and an untested new president charged with commanding Washington, taming Wall Street, rescuing an economy on the verge of collapse, and restoring the confidence of a shaken nation Suskind moves from the frenzied trading floors of lower Manhattan to the power corridors inside the Beltway and introduces a larger than life cast of politicians and advisors, titans of high finance, reformers, lobbyists, and others who faced a crisis unlike anything they had ever imagined Based on hundreds of hours of interviews and exhaustive research, filled with piercing insight and startling disclosures, Confidence Men goes beyond the headlines and previous accounts, bringing into focus the unprecedented struggle between the nation s two capitals New York and Washington, one of private gain, the other of public purpose that continues to divide and roil America.
    Confidence Men Wall Street Washington and the Education of a President In this gripping revelatory and brilliantly reported book acclaimed Pulitzer Prize winning journalist Ron Suskind tells for the first time the full story of America s financial meltdown and an unte

    One thought on “Confidence Men: Wall Street, Washington, and the Education of a President”

    1. This has got to be one of the most infuriating books ever written First, the author knows nothing, and I mean nothing, about the basic economics that underpins the whole debate the book is putatively about He confuses bank assets with liabilities, the multiplier effect with consumption spending, annual deficits with total debt, and on and on and on Even frustrating, however, is the fact that I have never in my life read a book with plain and simple factual errors It is almost inevitable that a [...]

    2. My liberal friends have two views of President Barack Obama, the first African American to be elected President The most cynical view is that Obama was always a Trojan horse, talking liberal talk while always basically aligned with the interests of corporate America and Wall Street A sympathetic view is that Obama went into office a good man with great ideas, and simply couldn t pull them off because he wasn t up to the job.Ron Suskind s book, Confidence Men Wall Street, Washington, and the Edu [...]

    3. This is a deeply perplexing book.In the Woodward Bernstein tradition of political journalism, this book offers a contemporary view of a political crisis, as it happens, using extensive interviews to provide an as if you were there intimate perspective.We see the financial crisis unfold, and it is not pretty.There are many striking revelations here, the first being that the President received advanced warning on the crisis, even during his electoral campaign Of course, he had numerous other issue [...]

    4. Why did President Barack Obama fall so short of the expectations of the citizens who elected him What happened to the change he promised Where did the hope go Pulitzer Prize winning journalist Ron Suskind lays it out in excruciating detail And for a reader like me who supported, campaigned, raised money and voted for Barack Obama , Confidence Men is a brutally painful book to read.But the pain is worth it if, like me, you love your country, believe its best days are still ahead and want to make [...]

    5. Some people have told me that they thought this book was a hit piece on the President I can t agree however, it is clearly not written from the perspective of blind love for him either It seems to be a fair record of events during the first few years of the Obama administration The story is of two capitol cities Washington, DC and New York, NY capitol of capital and finance It covers contributing elements of the economic collapse how a new administration attempted recovery, and finance reform an [...]

    6. I loved this inside look at the Obama White House by Ron Suskind, whose recent current affairs efforts have been equally stunning He says that Barack Obama was forced by crisis to change his course dramatically in key areas the Bush tax cuts, health care, and Wall Street reform were all impacted by his fear of doing harm to desperate Americans Also, he was stymied by the strong opinions of his advisors, including most notably Larry Summers, Tim Geithner and Rahm Emmanuel In the end, having conte [...]

    7. Ron Suskind s book provides two valuable services for readers First is an excellent analysis of the roots of the current financial crisis and second an in depth and behind the scenes description of how Washington reacted to the crisis Suskind brings to the table an ability to synthesize the experiences of most of the key players into a compulsively readable narrative If you don t understand what happened and how Wall Street gambled the country away then this book will illuminate that Suskind isn [...]

    8. Four and a half stars.While I thought this would be a political inside the mind of the advisors type of book, there s quite a bit of The Big Short Michael Lewis in here too an explanation of the Wall Street shenanigans that led to the near collapse of the US economy Suskind has to spend time getting us into that mileau to explain where the economic advisors either came from or were reacting to.Certainly some of the advisers come across better than others, and with a book of this type one always [...]

    9. This is both the first book I ve read on the Obama presidency, and the first book I ve read by Ron Suskind, and it has left me feeling slightly ambiguous about both Confidence Men isn t just a book about the Obama phenomenon it jumps repeatedly back and forth between Wall Street and Washington, using the story of the first two years of the new administration as a doorway into a host of other topics the evolution of the financial industry since the 70s, the rise of the Tea Party, the 2008 electio [...]

    10. First, it struck me as strange to be reading a book about a sitting president s cabinet It felt like a forced telescoping microscoping of history I still have mixed feelings about this I have never read a book like this before one about a sitting president s cabinet It felt lurid I couldn t resist after so many members of said cabinet tried to backtrack in the press after the book was released To me, this meant whatever was in the book was probably true Or maybe the author had misrepresented his [...]

    11. This book by an award winning author, the first who had inside access to the Obama White House, names names of culprits in the greatest failure of the American financial system since the Great Depression and how they worked to enrich themselves while building a bubble economy that produced little underlying value It spotlights Wall Street flimflam artists whose venal hawking of credit swap derivatives of sub prime mortgage instruments led to the Great Recession of 2008 a calamity which may yet p [...]

    12. There is a point at which journalism turns into historiography, when the current events have passed sufficiently to allow the historian beach comber to piece together a comprehensive representation of the events This was one of those first historical accounts to emerge from the nascent Obama administration The author was given plenty of access to the President and his economic team in writing this book Previously, Ron Suskind had written critically of Pres Bush and so perhaps the administration [...]

    13. Everything that has been said about this book in the media has been a red herring Outlets like CNN have chosen to focus the book s sub narrative about problems female members of the administration faced or that the book shows Obama as weak The problems women had in the first two years of the administration are important, but when compared to the overall story of the massive banking crisis Obama faced it s a secondary story that was meant to provide insight into how the Obama Whitehouse took on c [...]

    14. Confidence men makes the case that confidence is a quality that determines outcomes in the political process often than one imagines In one sense the book uses confidence to mean faith Picking a leader is an act of faith in some measure.By faith I mean belief without absolute knowledge.The book also points out that many of the actors in the political and economic arena in recent years have also projected confidence, may times unwarranted confidence, in order to convince others and push their ag [...]

    15. Suskind s book has drawn wide attention mainly for some palace intrigue passages featuring various WH staffers uncharitable assessments of one another and for several sources subsequent denials of the accuracy of Suskind s attributions That s a shame, because while these do feature in his book, it s really much than that it s a sobering, indeed depressing overview of the financial crisis and how it affected and was handled first by candidate and then President Obama and his administration.This [...]

    16. This is one of those hard to rate books that has five star elements mixed with a little too much pedestrian pontification The book shines when it s providing an inside look at the dynamics within the Obama Administration, especially focusing on his strengths and, often, weaknesses as a manager and at the interpersonal tensions among members of his economic team.Suskind pulls together inside accounts from countless people in the administration and expertly puts the puzzle pieces together to show [...]

    17. Ahhh, it s an election year and time for politics My first dive was into Ron Suskind s Confidence Men and it was amazing Summarizing the early years of the Obama presidency, the book contrasts the hopes and desires of the young president with the soul crushing realities of mismanagement and incompetence Although, I didn t always agree with Suskind s premise of the self destruction of males in powerful positions, there was plenty of research to back it up From the way President Obama heeded to th [...]

    18. I am willing to believe that in the preparation of this book, Mr Suskind conducted 746 hours of interviews with than 200 individuals I for one am glad that he didn t talk to , or longer, than he did As best I can determine, this book is a wealth of data and stories in search of a theme It wanders from story line to story line, and from person to person It s confusing, if not maddening, to find policies and people first viewed favorably, later unfavorably, and in some cases just lost in the shuf [...]

    19. Ron Suskind has a knack for turning obscure history into compelling narratives, and he doesn t disappoint here He fills in the cast of characters like a novelist wielding his creative toolbox Obama s economic advisers, the Fed, the politicians making up the legislative milieu We learn quite a lot about Obama s personality, his methods of managing meetings, and his managerial style It is the latter the comes up severely lacking in Suskind s account Always engaging, intelligent, concerned, and opt [...]

    20. FROM CONFIDENCE MEN It was on a Friday, November 21, that Christina Romer first entered Obama s curtain sealed office in Chicago Unlike Orszag, she was nervous about meeting Obama and she hadn t even come with any ultimatum or conditions about taking the Council of Economic Advisers job She was just elated to get to know the guy But their first meeting would open on an odd note Before exchanging hellos or even shaking hands, the president elect delivered what seemed intended as a zinger It s cle [...]

    21. Like his previous book, an otherwise excellent work of investigative journalism is marred by an excess of superfluous detail This book wouldn t suffer from losing at least 200 of its pages Suskind writes in the non fiction novel style of Bob Woodward, though he is a much better writer But unlike Woodward, he has a tendency to easily get lost in unnecessary embellishment through novelistic details about minor characters Like Woodward s last book, Confidence Men paints an unflattering picture of a [...]

    22. If you would like to get really, really mad read Confidence Men by Suskind The book explains in layman s terms some of the very complicated financial situations that created the crash of 2008 Once you have a better understanding, however, you will be insensed Too big to fail Was Detriot or the steel industry too big to fail If you didn t realize it already the book makes it crystal clear that Wall Streeters love the rules of the game until they lose Then, it is time to rewrite the rules to their [...]

    23. This could be such a great book and the insights into the people and dynamics of the White House are great The association of the book with particular individuals agendas is clear enough that you can take the appropriate pinch of salt with the angle the author takes, and really feel that you re seeing in to the challenges of governing in prose after so effectively campaigning in poetry.However, the editing and structure of the book is just impossible to fathom The massive cast of characters, the [...]

    24. Suskind reports indepth and with great detail on the inner workings of the Obama administration s first two years The conclusion I come away with is that Obama had hoped to become a transformative President, but is failing badly for several reasons First, a strong argument can be made that he chose the wrong people for his economic team Second, his strong instinct is to achieve consensus to the degree that it got in the way of making decisions He did not exercise strong oversight, and several st [...]

    25. I found The Confidence Men to be a fascinating book, but it s not for the faint of heart The detail Suskind goes into breaking down the economic crisis and the decision making process in Obama s first couple of years is phenomenal If you like lots of detail and analysis, you ll love this book Examining the collapse of the housing market, the bailout of the auto industry and the fight for healthcare are a few of the things laid out on the table with tons of behind the scenes interviews and inform [...]

    26. A stunning portrait of the first 2 years of Obama s administration filled with in fighting, inexperience and inaction An important read for any voter, a good glimpse into the psyche of the President.

    27. This book was a little too long, but overall it was an interesting look at what, exactly, went wrong in the Obama s Administration s first two years It s exhaustively reported and examines how seasoned political operatives like Larry Summers and Rahm Emanuel pushed the new president toward neoliberal centrism, while Wall Street sycophants like Tim Geithner effectively slow walked Obama s most ambitious financial proposals It makes clear, though, that Obama himself let the opportunity for dramati [...]

    28. Confidence men discusses the first two years of the Obama administration, focusing on the administrations efforts to address the economic crisis and to pass health care reform Susskind presents a solid critique of Obama and his missteps during this period, while maintaining an appreciation for the man and his goals Susskind discusses the dysfunctions created by Rahm Emanuel and Larry Summers, but Obama s ownership of these dysfunctions, and his loyalty to these men One of the best aspects of thi [...]

    29. Wall St Washington the Education of a President.While the inside look at decisions made during the financial meltdown are instructive, much of what is revealed has been clearly on display almost from Obama s first day in office He is over his head and a terrible manager with numerous numerous failure start with for personnel pics and continue into an almost bizarre lack of getting into the gritty details of any issue.

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