A Little Book News

By James Kwak

So, we have a book that goes on sale a week from Tuesday (although you can pre-order it now). We created another blog for book-specific news, in order to avoid cluttering this blog with too much book stuff. But we are going to provide occasional updates (like this one) here with a few highlights.

In the last week, we got a friendly review by Arnold Kling, we learned that the books do actually exist, and we put up a page with some in-person events in case you’re wondering if we look like our photos. We also put up our first factual correction, having to do with the 10 percent cap on deposits. Note that we are interested in correcting errors of fact — we put a lot of effort into getting the facts right, including hiring our own professional fact-checkers (that’s another blog post for another time). If you think we made an error of interpretation (or an error of theory) . . . well, we’re happy to think about it, but don’t expect a correction.

12 thoughts on “A Little Book News

  1. You know I am a blog freak James, but actually probably more selective than you would think. When Andrew Sullivan goes after Sarah Palin and others’ books, he often bemoans the fact publishers won’t pay for fact checkers, that the authors have to scoop money out of their own pockets for fact checkers. The “Editors” often don’t do their jobs on high-profile books. I know the world of publishing has changed, but it seems a little sad authors have to fund their own fact checkers. But let me say, if you truly want respect, you 100% did the right thing and that will pay dividends as to how people respect your work, and also the ability to be open to criticism and not deny errors shows you are true to the work itself.

    By the way, for whatever it’s worth, I think WILEY publishers ALWAYS seems to do a great job with their books.

  2. I was surprised when I learned that publishers don’t fact-check books, but it seems to be the standard for the industry. It also is not surprising, given the financial troubles of the industry.

    I was a little more surprised to find that op-ed pages do not fact-check articles, even in newspapers that do fact check their news stories. That’s why David Brooks can get into this kind of trouble: http://voices.washingtonpost.com/ezra-klein/2010/03/everything_david_brooks_says_a.html. No, wait; he won’t get into any trouble at all.

  3. Should I least say I (wanna be there in spirit)…. yes… the ever so shy (believe it or not), when Simon comes out to Los Angeles for his book discussion and signing.

  4. No NYC? I’m shocked, this is the place all the young hot-hot shot lawyers come to get a job. Come apply here James, you’ll love it. Then do a book signing somewhere. Looking forward to the release!

  5. “we are interested in correcting errors of fact…..hiring our own professional fact-checkers ….If you think we made an error of interpretation (or an error of theory) . . . well, we’re happy to think about it, but don’t expect a correction.”

    Ahhhh the perils blog comments… journalism and authoring really must have been easier 10 years ago…

  6. Open to the Public
    Note that a few of the events below require tickets.
    Friday, April 2
    Cambridge, Massachusetts
    12 pm: Talk and book-signing by Simon at MIT Sloan School of Management.
    7 pm: Talk and book-signing by James at Harvard Bookstore, 1256 Massachusetts Avenue.

  7. James – looking forward to the book.

    With regard to the correction and the 10% rule. A lot of the mergers you cite were allowed because the acquiring bank was a “bank bank” but the acquired bank was a savings bank. In calculating each bank’s share of deposits were different denominators used or was there one denominator summing deposits at all types of banks?

  8. They used one denominator summing deposits at all types of bank-like entities. So the letters are quite clear that the new entity will have over 10% of all deposits, but that the merger cannot be blocked because the thing being acquired is not technically a bank.

  9. Hopefully there will be something in NYC. I think the problem is that the days originally scheduled for NYC (3/30 and 4/1) are crammed with media appearances (that Simon is doing).

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