'Bailout Nation': Barry Ritholtz Takes on Citigroup, Chrysler and Other Companies

The implications of this are significant. The current bout of bailouts – the banks and brokers, airlines and auto makers, lenders and borrowers in the housing industry, will have significant, long-lasting repercussions.

So far, they have turned America into a Bailout Nation.

And that's just the beginning.

Excerpted with permission from the publisher, John Wiley & Sons, Inc., from Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy, by Barry Ritholtz. Copyright © 2009 by Barry Ritholtz.

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