Meltdown

About this book

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 ideologyRobert Sherrill on why the bubble poppedThomas Frank on the rise of market populismChristopher Hayes on the coming foreclosure tsunamiBarbara Ehrenreich on the implosion of capitalismKai Wright on how the subprime crisis is bankrupting black AmericaNaomi Klein on Bush's final pillageJoseph E. Stiglitz on Henry Paulson's shell gameJesse Jackson on trickle-down economicsKatrina vanden Heuvel and Eric Schlosser on why America needs a New New Deal