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

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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, h 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


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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, h 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

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

  1. 5 out of 5

    Ben Krutko

    This was alright. It stated it's points well, made rational and reasonable arguments. Some of the articles were quite superb, bringing information and emotional depth to otherwise staid economic issues. But the book flounders in its back half. There's a lot of sound, and very little fury. It repeats the same article several times, with basically no new additions. It's ending section seems rushed off and dispassionate. In general, a sufficient summary of the financial crisis up to the inauguratio This was alright. It stated it's points well, made rational and reasonable arguments. Some of the articles were quite superb, bringing information and emotional depth to otherwise staid economic issues. But the book flounders in its back half. There's a lot of sound, and very little fury. It repeats the same article several times, with basically no new additions. It's ending section seems rushed off and dispassionate. In general, a sufficient summary of the financial crisis up to the inauguration, but quickly dated, didactic, and generalized.

  2. 4 out of 5

    Joyceling

    Mesmerizing collection of articles from The Nation from the '90s up to December 1, 2008. Enraged and disgusted at abandonment of regulation by both parties, plus the allowance of predatory lending, etc. Have serious reservations about Geithner at Treasury. Mesmerizing collection of articles from The Nation from the '90s up to December 1, 2008. Enraged and disgusted at abandonment of regulation by both parties, plus the allowance of predatory lending, etc. Have serious reservations about Geithner at Treasury.

  3. 5 out of 5

    Alton Motobu

    Series of articles from 1994 to 2008 from The Nation magazine tracing the causes of the 2008-09 Great Recession from the liberal-progressive-left-wing perspective. The seeds were planted during the Reagan administration, nurtured by Alan Greenspan during his tenure as Fed chair, not checked or pruned by Clinton, then grew out of control and exploded under George W. Bush. Republican mantras like deregulation, free markets, and self-policing all contributed to the toxicity. Democrats seemed compla Series of articles from 1994 to 2008 from The Nation magazine tracing the causes of the 2008-09 Great Recession from the liberal-progressive-left-wing perspective. The seeds were planted during the Reagan administration, nurtured by Alan Greenspan during his tenure as Fed chair, not checked or pruned by Clinton, then grew out of control and exploded under George W. Bush. Republican mantras like deregulation, free markets, and self-policing all contributed to the toxicity. Democrats seemed complacent or compliant. FDR would have been ashamed that all of his New Deal efforts were being neutralized or dismantled by the Republicans. I will attempt to tackle a book from the conservative-Republican-right-wing side and compare findings.

  4. 5 out of 5

    A.p. Eberhart

  5. 4 out of 5

    Maryanne

  6. 4 out of 5

    Rayan Carvalho

  7. 5 out of 5

    Stephanie Sanders-Jacob

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    James Tran

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    Walid El

  10. 4 out of 5

    Richard Mactough

  11. 4 out of 5

    Madeleine

  12. 5 out of 5

    James Kimmet

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    John Arnold

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    Yede Beza

  15. 5 out of 5

    Michele Davis

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    Carl

  17. 5 out of 5

    Paul Vittay

  18. 5 out of 5

    ProgressiveBookClub

  19. 4 out of 5

    Kurtis Hart

  20. 4 out of 5

    Steven Farmer

  21. 5 out of 5

    Shawna

  22. 4 out of 5

    Ibn Sina

  23. 4 out of 5

    Shay

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    Jackie Harrison-jewell

  25. 5 out of 5

    Dj Lorelei

  26. 5 out of 5

    Seth Wagoner

  27. 4 out of 5

    Jordan

  28. 5 out of 5

    Alicia

  29. 4 out of 5

    Kathleen

  30. 4 out of 5

    Alexis Saltzman

  31. 5 out of 5

    Aidan Gowland

  32. 4 out of 5

    Reba

  33. 5 out of 5

    Piotr

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    Greg Roberts

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    Jennifer

  36. 5 out of 5

    Rebekka MacFarlane

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    Tiffany

  38. 4 out of 5

    Foxglove Zayuri

  39. 4 out of 5

    Heather

  40. 4 out of 5

    Paula

  41. 4 out of 5

    Marion

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