Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover

By Katrina Vanden Heuvel and William Greider

Book Overview

America's economy is in meltdown. Banks have failed, foreclosures are sweeping the housing market, and stocks have suffered their worst losses since the Great Depression. Faced with a complex and spiraling crisis, the government has poured billions of taxpayer cash into a bailout with no end in sight.
At every step of the way, The Nation, America's oldest weekly magazine, has tackled the most urgent questions facing the nation's leaders and its citizens with clarity and insight. Meltdown draws together nearly twenty years of the best of their coverage of the financial crisis and explores what steps President Obama and his new administration must take to ensure a more secure future for everyone.

Contributors include:
William Greider on Alan Greenspan's flawed ideology
Robert Sherrill on why the bubble popped
Thomas Frank on the rise of market populism
Christopher Hayes on the coming foreclosure tsunami
Barbara Ehrenreich on the implosion of capitalism
Kai Wright on how the subprime crisis is bankrupting black America
Naomi Klein on Bush's final pillage
Joseph E. Stiglitz on Henry Paulson's shell game
Jesse Jackson on trickle-down economics
Katrina vanden Heuvel and Eric Schlosser on why America needs a New Deal

• Format: Paperback
• Language: English
• ISBN: 1568584334
• ISBN13: 9781568584331
• Release Date: January 2009
• Publisher: Bold Type Books
• Length: 336 Pages
• Weight: 0.64 lbs.
• Dimensions: 1.0" x 5.0" x 7.0"

Customer Reviews

Great read.

An excellent book. Books of this nature should be regularly published, to maintain "Checks and Balances" in our system. Don't wait for a crisis to happen and write. Do it beforehand.

Stories that foretold our current economic crisis....

This is a compilation of articles written between 1999 and 2008 - approximately. The most interesting are those that predicted the government bailouts for companies "too big to fail" and the housing market that was doomed to collapse at any moment. Each of these articles were written a few years BEFORE the crisis actually hit. This was 20/20 foresight at it's best!

Read this book!

Great collection of articles on WHY the "meltdown" in our economy happened. Scary, thoughtful, interesting, and optimistic all at once time. Well worth the read.

Meltdown timeline

After reading this, you get a complete sense of the "Great Meltdown" and how it was completely forseeable and predicted.