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

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DESCRIPTION : With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good-and too unregulated for the public good-experie nced a perfect storm beginning in 2007. When America's financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected-and fragile-the global financial system is. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government's actions, particularly the Fed's, were previously unimaginable. And to an amazing-and certainly misunderstood-extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again. PRODUCT DETAILS : ISBN : 9781594205309 BY (AUTHOR) Blinder, Alan S. PUBLISHER : Penguin Putnam Inc PUBLICATION DATE : October 31, 2013 COUNTRY OF PUBLICATION : United States IMPRINT : The Penguin Press LANGUAGE : English AGE : Tertiary Education PRODUCT FORM : Hardback DIMENSION : 242 mm x 162 mm WEIGHT : 770 g PRODUCT CATEGORY : Economics, Finance, Business & Management Show more