After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead

Alan S. Blinder. The Penguin Press, $29.95 trade paper (466p) ISBN 978-1-59420-530-9
As the U.S. economy desperately tries to crawl out of its gloomy cave, many still feel the impact of the 2007 financial crisis. Here, noted analyst Blinder (The Quiet Revolution) provides insights on why it happened, covering three critical questions: How did we get into this mess? What was done to correct problems? and have we learned anything? He opens by addressing the rise of unemployment rates and the housing market crash, with Blinder explaining what happened to big players like AIG, Merrill Lynch, and WaMu as they collapsed. He provides a clear critical analysis of the actions authorities proposed to prevent large corporations from crumbling, and offers his own opinion on how to fix the system. Later chapters explain the key weaknesses that predate the fateful summer of 2007, and what happened to the citizens, why the government took the actions it did, and why those policies were wise. As Blinder outlines the causes of the financial crisis, he acknowledges that questions still linger in the public mind: Has history taught us anything, or are we headed for a repeat of this kind of crisis? Agent: John Brockman, Brockman Inc. (Jan.)
Reviewed on: 02/04/2013
Release date: 01/01/2013
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FORMATS
Paperback - 504 pages - 978-0-14-312448-1
MP3 CD - 978-1-4915-3632-2
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