The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

Critically acclaimed investigative reporter and CNBC personality Charles Gasparino demonstrates how the ongoing tumult in financial markets is part of a much larger story that entails some of our most esteemed financial institutions selling out their responsibility-not just to their own shareholders, but to millions of outside investors and to the American public itself. The Sellout shows how and why America’s largest investment banks have suffered staggering losses in assets and influence, triggering the vast financial crisis that is now devastating the United States and institutions across the globe. This page-turning narrative captures how avarice, arrogance, and sheer stupidity eroded Wall Street’s dominance, made many of our country’s most fabled financial institutions vulnerable to significant new foreign control, and profoundly weakened the financial security of millions of poor and middle-class American families.

Gasparino is known as a tenacious reporter who regularly breaks news about Wall Street’s inner workings and who has a direct line to Wall Street’s most prominent dealmakers. Gasparino’s talent for delivering a dramatic narrative and explaining complex financial maneuvers in accessible terms guarantees The Sellout will become an instant classic.