Summary: Meltdown E-Book

BusinessNews Publishing

• Herausgeber: Political Book Summaries
• Kategorie: Geisteswissenschaft
• Sprache: Englisch

Seitenzahl: 17

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of Katrina vanden Heuvel's book: “Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover”. 

This complete summary of "Meltdown" by Katrina vanden Heuvel, a renowned American editor, presents a collection of contributions on the financial crisis and analyses what the Obama administration may be able to do to ensure a more secure future for everyone.

Added-value of this summary:
• Save time
• Understand the financial crisis and what might be done to mitigate its effects
• Expand your knowledge of economics and politics

To learn more, read "Meltdown" and discover how the financial crisis happened and what can be done to reduce its effects.

Leseprobe

Book Presentation: Meltdown by Katrina vanden Heuval

Book Abstract

America’s economy is in a 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 country’s leaders and its citizens. 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.

About the Author

Katrina vanden Heuval is the editor of The Nation, a leading progressive publication that covers politics and culture. She is also the co-editor of Taking Back America – And Taking Down the Radical Right. Her commentary is frequently featured on CNN, PBS, and MSNBC and her articles have appeared in The New York Times, The Washington Post, The Los Angeles Times, and The Boston Globe.

Summary of Meltdown (Katrina vanden Heuval)

Introduction

The American economic system is at the epicenter of a global financial meltdown. Banks are insolvent, financial institutions have failed, stocks have plunged, and the housing market is in a freefall. At the same time, unemployment is soaring and the credit system is frozen. Meanwhile, the public is learning that the architects of our unfolding catastrophe rewarded themselves with lavish bonuses as their firms failed.

The federal government is spending billions of taxpayer dollars in an attempt to save the financial system. In essence, taxpayers are footing the bill for decades of irresponsible financial practices and policies. The laissez faire brand of capitalism that got its start with Ronald Reagan has proven to be an unjust and unsustainable model that contained the seeds of its own destruction.