Meltdown

Meltdown

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

Book - 2009
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Perseus Publishing
From the leading magazine on the left, an exose of the failures, lies and misdeeds that caused the financial collapse—and a plan for rescuing the country.

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 New Deal



Publisher: New York, NY : Nation Books, c2009
ISBN: 9781568584331
1568584334
Characteristics: xxii, 310 p. ; 18 cm

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StarGladiator
Oct 01, 2014

What is the purpose of this book? What, if anything, will be learned from it? I would instead refer one to Matt Taibbi's book, Griftopia. Satyajit Das' book, Extreme Money. David Graeber's book, The Democracy Project. Ellen Brown's book, The Web of Debt and Nicholas Shaxon's book, Treasure Islands. The system is not broke, it was designed to function the way it functioned, shifting tremendous amounts of wealth from the masses to the .01 of the .01%. Katrina vanden Heuvel always supports the status quo, and therefore always appears cognitively dissonant to rational people.

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