It won't go down as the defining work on the financial crisis, but a new book by Louisiana community banker Rusty Cloutier is a worthwhile read for anyone who wants to better understand the root causes of the crisis and is looking for answers on how to prevent the next one.

It's also kind of juicy. Cloutier covers mostly familiar terrain in "Big Bad Banks," but he pulls no punches. In a section he calls, "The Hall of Shame," he refers to former Federal Reserve Chairman Alan Greenspan as a "dictator" and calls ex-Citigroup CEO Sandy Weill "the Prince of Darkness." He also questions how the likes of Tim Geithner and Larry Summers can solve the financial crisis when, he says, they were heavily involved in creating it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.