In “After the Music Stopped,” Alan Blinder reveals the abuses that led to the financial crisis and the remedies. Today’s edition brings us to Alan Blinder’s “After the Music Stopped,” a major analysis of the financial crisis and subsequent response by central. After the Music Stopped has ratings and reviews. Alan Blinder explores in depth the role of the fed and treasury in getting the us economy out of the.
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When it comes to the section where professor Blinder gives his ideas on what steps alam needed to prevent a complete financial meltdown and a second Great Depression I feel that I tge give him a “2”. He’s railed again and again over the lunacy of austerity — he did it again Friday — but he has had, for all his efforts, nil effect on rank-and-file Republicans, many independents, and some Democrats.
The bubbles in housing and mortgage-backed securities developed in a situation where some people were unusually eager to lend, while others were unusually willing to borrow. Highly recommend for those who want to refresh their memories or better understand what happened. It means I can’t recommend his book to my Republican friends and family. Mar 11, Aaron rated it it was amazing Shelves: He adopts a tone like the most sociable guy at a cocktail party meaning, he’s not Krugman, who’s the argumentative one in the cornertrying to explain, but doing so in an easygoing way that won’t scare anyone off.
This hard-hitting expose will be close to home for most people – after all, no matter how poor or how wealthy we may find ourselves, we’re all still affected by the Financial Crisis in all kinds of little ways. My conclusion about this book is that it’s a fantastic guide to the crisis for the uninitiated. Some of this may be true; it’s certainly become the conventional wisdom.
After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead by Alan S. Blinder
Feb 17, Ed rated it really liked it. Third, the book is exquisitely written. The large supply of domestic and foreign capital available for lending made it hard for lenders to command a high-interest return. No one will ever know. The author points out that most people have the wrong impression of both the Bush TARP and the Obama stimulus which the public equates as being the same thing.
After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen again.
In terms of a one-stop agter on this monumentally important event in recent history that is accessible to the lay person, I doubt you are likely to find anything better. He effectively covers most of the high points, though anyone who has been along for the ride can offer up topics he missed, skipped over or ignored.
Mksic can get overly wonky and dry real fast when discussing monetary policy, but somehow this book managed to be a page-turner by and large. There are no discussion topics on this book yet. He addresses three key questions:. Notify me of new comments via email.
After the Music Stopped is boinder essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again. Paper Promises Philip Coggan. And the ultimate investors, ranging from sophisticated managers to treasurers of small towns in Norway, were essentially clueless.
I think people are likely still going to scratch their heads as to how over banks got themselves into so many bad loans. The unlikely heroes of this book are George W Bush though he also helped cause the problem and Barack Obama for both of them coldly doing what was needed, who kept their heads when all about were losing theirs and who also collaborated to do what needed to be done.
A necessary and clear description of what actually happened during the financial crisis that led to the Great Recession, and what the Obama administration did to avert an even greater disaster.
After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
The end wanders through the eurozone crisis, next steps for the Fed, and takeaways for policy makers that are noteworthy but not nearly as compelling as his analysis of the crisis. Alan Blinder explains with great clarity the different levers the US Government, particularly the Fed, pulled in response alam one of the greatest financial crisis in modern history — averting total financial meltdown but still coming out as one of the villains.
Economist Alan Blinder has written an exceptionally lucid and readable account of the financial crisis and its aftermath. But he runs into the same difficulties that confronted Obama. That’s a lie, and Blinder’s patient and illuminating lesson musuc what happened reveals it for what it is- the excuse of crooks and gamblers who know the party would end if anyone could see what was happening inside the room, and musid whose money.
I personally disagree a bit with the author on this. When America’s financial structure crumbled, the damage proved to be not only deep, but wide. The second part of the story explains how American and international government intervention kept us from a total meltdown. I personally have many feelings about this crisis and the utter lack of any real accountability for its many architects, and Stpoped helped lead me through that by acknowledging the bad behavior, setting it in context, and moving on.
To see what your friends thought of this book, please sign up. The story was so exciting that each time I put it down, I couldn’t wait to get back to it.