Table of Contents
Financial Shock, Updated Edition: Global Panic and Government Bailouts—How We Got Here and What Must Be Done to Fix It
Introduction 1
Chapter 1: Subprime Précis 9
Chapter 2: Sizing Up Subprime 33
Chapter 3: Everyone Should Own a Home 49
Chapter 4: Chairman Greenspan Counts on Housing 67
Chapter 5: Global Money Men Want a Piece 81
Chapter 6: Bad Lenders Drive Out the Good 97
Chapter 7: Financial Engineers and Their Creations 113
Chapter 8: Home Builders Run Aground 131
Chapter 9: As the Regulatory Cycle Turns 145
Chapter 10: Boom, Bubble, Bust, and Crash 161
Chapter 11: Credit Crunch 175
Chapter 12: Timid Policymakers Turn Bold 193
Chapter 13: Economic Fallout 233
Chapter 14: Back to the Future 251
Endnotes 273
Index 285
Paying the Price: Ending the Great Recession and Beginning a New American Century
Introduction xiii
Chapter 1: Financial Shock to Financial Panic 1
Chapter 2: Bank Bailout 23
Chapter 3: Outside the Monetary Box 47
Chapter 4: As GM Goes, So Goes the Economy 71
Chapter 5: Stimulus Is Not a Dirty Word 91
Chapter 6: The Foreclosure Fiasco 119
Chapter 7: Fixing the Financial Plumbing 145
Chapter 8: The Fallout 171
Chapter 9: Getting Our Groove Back 197
Chapter 10: Don’t Bet Against the United States 219
Index 243