| Summary: | Alan S. Blinder, former vice chairman of the Federal Reserve Board, taking the time to understand the crisis and create a truly comprehensive and coherent narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do from here. 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.--From publisher description.
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