Yves Smith is creator of the influential blog, Naked Capitalism, a top ranked economics and finance blog with over 250,000 unique visitors each month. She is the author of ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism. Smith has been working in and around the financial services industry since 1980 as an investment banker, management consultant, and corporate finance advisor. Smith has appeared, on CNBC, CNN, and FOX Business News, and has written over 40 articles in venues such as The New York Times, Slate, and the Christian Science Monitor. She lives in Manhattan.
ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism
St. Martin's Press
St. Martin's Griffin
Why are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk.