After the Music Stopped Book Reviews

AUTHOR
Alan S. Blinder
SCORE
4
TOTAL RATINGS
231

After the Music Stopped by Alan S. Blinder Book Summary

One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons Many fine books on the financial crisis were first drafts of history—books written to fill the need for immediate understanding. Alan S. Blinder, esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board, held off, taking the time to understand the crisis and to think his way through to 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 can do from here—mired as we still are in its wreckage. With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good—and too unregulated for the public good—experienced a perfect storm beginning in 2007. Things started unraveling when the much-chronicled housing bubble burst, but the ensuing implosion of what Blinder calls the “bond bubble” was larger and more devastating. Some people think of the financial industry as a sideshow with little relevance to the real economy—where the jobs, factories, and shops are. But finance is more like the circulatory system of the economic body: if the blood stops flowing, the body goes into cardiac arrest. 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. Some observers argue that large global forces were the major culprits of the crisis. Blinder disagrees, arguing that the problem started in the U.S. and was pushed abroad, as complex, opaque, and overrated investment products were exported to a hungry world, which was nearly poisoned by them. The second part of the story explains how American and international government intervention kept us from a total meltdown....

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Book Name After the Music Stopped
Genre Economics
Published
Language English
E-Book Size 12.41 MB

After the Music Stopped (Alan S. Blinder) Book Reviews 2024

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Biased; therefore inaccurate. What the hell was "Clinton Boom"? Is that the same as the Republican controlled House and Senate Boom? No mention among causes of government pressure on banks to give loans to the poor.

Complexity simplified.. Alan does a magnificent job at explaining the origins of the financial crisis without assigning blame to any one party, which allows for a detailed analysis of what all went wrong at each stage. He manages to take a very complex issue and translate it into simpler terms, you don't need an MBA to understand the key points. His recommendations for the future are, in my opinion, spot on. Bankers will hate them, but the working person will love them.

After the music stopped. Heavily slanted in favor of democrats. The republican view is is poorly explained and unfairly distorted. I have always voted for the best man regardless of party affiliation but this author is clearly favoring democrats over republicans and seems to forget that Bush's hands were tied in his last two years by a democratic house and senate that was very partisan. Then when Obama was elected, the democrats still had both houses for anther two years of partisan reign. Shouldn't the blame be more fairly divided? This book does have interesting facts and is otherwise very informative. I would like to have seen it written without the obvious favoritism.

Policy, not journalism. But with a clarity and wit that few journalists have. Opinionated, insightful and comprehensive--the policy focus allows for completeness without excessive length.

When the music stopped. Great book for a library & reference. Sorry Washington fails to get the basis of this event; the real cause and remedies.

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Summary of After the Music Stopped by Alan S. Blinder

The After the Music Stopped book written by Alan S. Blinder was published on 24 January 2013, Thursday in the Economics category. A total of 231 readers of the book gave the book 4 points out of 5.

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