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

by Katrina vanden Heuvel (Editor)

Overview

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

Product Details

ISBN-13:	9780786743636
Publisher:	PublicAffairs
Publication date:	01/09/2009
Sold by:	Hachette Digital, Inc.
Format:	eBook
Pages:	336
File size:	583 KB

About the Author

Katrina vanden Heuvel is Editor and Publisher of the Nation. She is a frequent commentator on ABC, MSNBC, CNN, and PBS. She writes a weekly Web column for the Washington Post. Her blog, "Editor's Cut," appears at thenation.com.

Editorial Reviews

As the editor, publisher, and part owner of The Nation, Katrina vanden Heuvel is no stranger to readers, but even people unfamiliar with that prestigious political newsmagazine have doubtless seen her a well-informed talking head on network and cable shows. Her Meltdown answers the question that every American seems to be asking: How did we get into this mess? Vanden Heuvel approaches that plea with a winning clarity, describing how a combination of missteps, larceny, and a passion for duplicity led the country and then world down a road of deep uncertainty. Mercifully, she doesn't leave us there. She pinpoints the strategies that can get us back on the main road.