Alan Blinder: "After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead"

Alan Blinder: "After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead"

An economist explains the perfect storm of conditions that led to the recent global financial crisis, the actions that kept it from getting worse and how to reduce the likelihood of a similar event in the future.

When President Obama took office in 2009, he was faced with the worst economic crisis since the Great Depression. The president, his economic team and the Federal Reserve took actions that many credit with helping stave off a global financial meltdown. But the causes of the near-collapse and what was done to solve it remain poorly understood by many who lived through it. In a new book, a leading U.S. economist explains what happened and why. And he warns that more needs to be done to reduce the chance of a similar crisis in the future.

Guests

Alan S. Blinder

professor of economics and public affairs at Princeton University; former vice chairman of the Federal Reserve Board.

Read An Excerpt

Excerpt from "After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead" by Alan Blinder. Copyright 2013 by Alan Blinder. Reprinted here by permission of Penguin Press. All rights reserved.

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