Lamar Public Library

Presents a moment-by-moment account of the recent financial collapse that documents state efforts to prevent an economic disaster, offering insight into the pivotal consequences of decisions made throughout the past decade.

As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries as diverse as Iceland, Germany, and Greece. Mixing humor with prescient insight, he depicts a precarious situation that demands attention. The tsunami of cheap...

Draws on hundreds of hours of interviews and in-depth research to relate the complete story of the nation's financial meltdown, from the trading floors of lower Manhattan to the power corridors inside the Beltway.

Lowenstein unfurls a gripping chronicle of the 2008 financial collapse. In his trade mark style combining deep analysis with sizzling narrative, Lowenstein looks to the roots of the crisis to reveal how America yielded to the siren song of easy debt and speculative mortgages. He shatters the widespread belief that the crisis began or reached a critical mass only with the failure of Lehman Brothers; instead, he shows that American homeowners, banking,...