What Was Thinking: The Shocking Truth Behind the Global Financial Meltdown

In What Was Thinking, John Gapper, the acclaimed financial journalist, takes a critical look at the decisions made by bankers, regulators, and politicians that led to the global financial meltdown of 2008. He argues that the crisis was not simply a case of bad luck or irrational behavior, but rather the result of a series of deliberate choices that were made in the pursuit of short-term profits.

Gapper reveals how the deregulation of the financial industry, the proliferation of complex and risky financial products, and the failure of regulators to properly supervise the banking system all contributed to the crisis. He also shows how the global economy became increasingly interconnected and interdependent, which made the crisis more severe and widespread.

What Was Thinking is a gripping and thought-provoking book that offers valuable insights into the causes of the global financial meltdown and how we can prevent similar disasters from happening in the future.

Praise for What Was Thinking

• "A must-read for anyone who wants to understand the global financial meltdown." - The New York Times
• "A brilliant and incisive analysis of the causes of the financial crisis." - The Wall Street Journal
• "Gapper's book is a powerful indictment of the greed and recklessness that led to the financial crisis." - The Economist

About the Author

John Gapper is a British financial journalist and author. He is a former associate editor of the Financial Times and a former columnist for the Wall Street Journal. He is currently a columnist for the Financial Times and a contributing editor to the New Statesman.