Too Good to Be True: The Outrageous Stor

Remember Wedtech? The minority-owned defense contractor that rose from the ruins of the South Bronx to become the Reagan administration's paragon of success in America. Wedtech had everything: Modest beginnings, a workforce that came from the slums but could compete with the best from Raytheon and Rockwell, and -- most of all -- the promise that anyone could succeed in business with hard work, commitment, and good-ole Republicanism. Trouble was, it was all a massive fraud.But it didn't start that way, and James Traub's brilliantly-written account takes the reader from Wedtech's inauspicious beginnings as a humble machine shop to it's dizzying heights as a government-sponsored powerhouse sustained by politics, greed, and self-deception.Great writing -- insightful, entertaining, and full of portraits of Reagan administration officials caught with their scruples down. Highly recommended!