We are thrilled to publish Barry's book. It provides an invaluable historical perspective on today's financial crisis
Hoboken, NJ (PRWEB) March 6, 2009
John Wiley & Sons, Inc. (NYSE: JWa) (NYSE: JWb), announced today its plans to publish the book Bailout Nation: How Easy Money Corrupted Wall Street and Shook the World Economy, by asset manager, economics blogger and media commentator, Barry Ritholtz. The book's scheduled publication date is May 11, 2009.
Bailout Nation is a revealing narrative about the politicians, financial leaders and institutions, and the regulators responsible for the financial crisis of 2008-09. The book shows how ideology has been turned on its head and how the U.S. has abandoned its capitalistic roots and morphed into a Bailout Nation. Ritholtz's gallery of perpetrators and enablers includes Alan Greenspan, former Senator Phil Gramm, Presidents Bush and Clinton, Treasury Secretaries Hank Paulson, Robert Rubin and Larry Summers, the biggest Wall Street firms, the ratings agencies, and Washington regulators. Together these individuals and institutions created a system that allowed banks and financial institutions to operate with little or no effective oversight, reaping the rewards of their success and insuring their failures would be underwritten by taxpayers.
"We are thrilled to publish Barry's book. It provides an invaluable historical perspective on today's financial crisis," says Pamela van Giessen, Editorial Director, Wiley Professional/ Trade Group.
Barry Ritholtz said: "I am delighted to be working with Wiley. They really understand the art of publishing a business book.
Barry Ritholtz writes one of today's most popular economic blogs, The Big Picture (http://www.ritholtz.com/blog/), which receives two to three million page views a month. He is a frequent commentator on CNBC and a regular guest on Fast Money, Power Lunch and Kudlow & Company. He has guest-hosted Squawk Box on numerous occasions, and also appears regularly on Bloomberg, Fox Business Network, and PBS. His market perspectives are quoted regularly in The Wall Street Journal, Barron's, Forbes, Fortunes, and other print media.
Mr. Ritholtz is the author of the popular "Apprenticed Investor" columns at TheStreet.com, a series geared towards educating novice and intermediate investors. He is CEO and Director of Equity Research at Fusion IQ, an online quantitative research firm.
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry and Peace.
Our core businesses publish scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.