Posted on: May 28, 2009 at 9:00 am

ABC:

“How long does it take to explain how the U.S. government has ended up spending billions of dollars in taxpayer funds to bail out some of the country’s largest, most well-known corporations?

If you check with bailout critic and Fusion IQ chief executive Barry Ritholtz, the answer is about 300 pages. “Bailout Nation, Ritholtz’s new book, “points fingers and lays the blame at a number of places,” the author told ABCNews.com.

“Now that the worst of the crisis is over, we need to start thinking about how this happened and how we can prevent it from happening again in the future,” Ritholtz said. “It’s important not only that we avoid repeating the mistake but we figure out the causes of this and then start setting about repairing the damage that was done.”

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Source:
‘Self-Inflicted Damage’: Highlights From ‘Bailout Nation’
New Book From Bailout Critic Barry Ritholtz Takes on Citigroup, Chrysler and More
ALICE GOMSTYN
ABC NEWS Business Unit, May 27, 2009

http://abcnews.go.com/Business/Economy/story?id=7681437&page=1