New York : Penguin Press, 2013.
xix, 476 p. : ill. ; 25 cm.
Blinder shows how the U.S. financial system, grown far too complex for its own good--and too unregulated for the public good--experienced 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. 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.--From publisher description.
It happened here. What's a nice economy like you doing in a place like this? -- Finance goes mad. In the beginning-- ; The house of cards ; When the music stopped ; From Bear to Lehman : inconsistency was the hobgoblin ; the Panic of 2008 -- Picking up the pieces. Stretching out the TARP ; Stimulus, stimulus, wherefore art thou, stimulus? ; The attack on the spreads -- The road to reform. It's broke, let's fix it : the need for financial reform ; Watching a sausage being made ; The Great Foreclosure Train Wreck ; The backlash -- Looking ahead. No exit? : getting the Fed back to normal ; The search for a fiscal exit ; The big aftershock : the European debt crisis ; Never again : legacies of the crisis.
Includes bibliographical references (p. -462) and index.