Michael Hudson's top 6 banking-scandal books

Want the real story on financial collapses past and present? Grab one of these riveting reads

Michael Hudson is an author and investigative reporter
(Image credit: Miriam Berkley)

The Golden Fleecers by Walter Wagner (out of print). A witty alternative history of Southern California, home to “the world’s greatest concentration of confidence men” since the late 1800s. The big takeaway from this 1966 title: Trumped-up real estate booms and mortgage fraud aren’t new inventions.

Inside Job: The Looting of America’s Savings and Loans by Stephen Pizzo, Mary Fricker, and Paul Muolo (out of print). A few terms of art from S&L impresarios’ shoptalk give a sense of the financial derring-do that thrived during the Reagan era: "daisy chains," "dead cows for dead horses," "cash for trash," "kissing the paper."

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