As Long as Grass Grows: The Indigenous Fight for Environmental Justice, From Colonization to Standing Rock

By J. Graber. History Reviews of New Books, 2019

180 citations recorded by the source corpus.

to market forces, not the other way around. Furthermore, Rose does not make an explicit connection between the banking deregulation of the 1990s and the financial practices introduced in the run-up to the 2008 financial crisis. Although he implies that the large financial institutions contributed to the crisis, several key factors were independent of the new regulatory regime. For example, the growth in securitization of mortgages through Fannie Mae and Freddie Mac occurred independently from banking deregulation. Similarly, the burgeoning use of subprime mortgages was popularized by financial institutions that were not subject to commercial banking regulations. Finally, in focusing on the role of the presidents in banking deregulation, Rose somewhat downplays the impact of other crucial institutions, such as Congress and the judiciary. In sum, Market Rules is a welldocumented history of the politics that drove modern banking deregulation. It updates and provides a more balanced historical view of the interaction between financial deregulation and the 2008 financial crisis than do earlier works, such as Andrew Ross Sorkin’s Too Big to Fail (Viking 2009). One of Rose’s key contributions is making a complex story accessible. In doing so, he advances our historical understanding, while also providing a perspective on current efforts under President Trump to loosen restrictions that were put in place after the Great Recession.

Subfields: Health, Management, Monitoring, Policy and Law, Sociology and Political Science

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