"The current economic crisis reveals just how central finance has become to American life. Problems with obscure securities created on Wall Street radiated outward to threaten the retirement security of pensioners in Florida and Arizona, the homes and college savings of families in Detroit and Southern California, and ultimately the global economy itself. The American government took on vast new debt to bail out the financial system, while the government-ownedinvestment funds of Kuwait, Abu Dhabi, Malaysia, and China bought up much of what was left of Wall Street. How did we get into this mess, and what does it all mean?Managed by the Markets explains how finance replaced manufacturing at the center of the American economy and how its influence has seeped into daily life."
1-The New Financial Capitalism
2-Financial Markets and Corporate Governance
3-From Institution to Nexus: How the Corporation Got, then Lost, its Soul
4-From Banks to Markets: How Securitization Ended the "Wonderful Life"
5-From Sovereign to Vendor-State: How Delaware and Liberia Became the McDonalds and Nike of Corporate Law
6-From Employee and Citizen to Investor: How Talent, Friends, and Homes Became "capital"
7-Conclusion: A Society of Investors?.
