Background
Below are some links to information about the financial system and the crisis.
- "Was 'Adult Supervision' Needed on Wall Street?" Aired on NPR's Fresh Air on September 18, 2008. Terry Gross interviews Michael Greenberger, law professor at the University of Maryland law school. This provides a good overview of the AIG bailout and how it effects us.
- "Our Confusing Economy, Explained" Aired on NPR's Fresh Air April 3, 2008. Terry Gross interviews Michael Greenberger. He explains the economy.
- CQ Researcher - Financial Bailout Oct 2008 Newest report from CQ Researcher that addresses the financial crisis.
- "The Auto Industry's Future" from CQ Researcher
Can the US auto industry bounce back?
February 6, 2009 - "Public Works Projects" from CQ Researcher
Do they stimulate the economy more than tax cuts?
February 20, 2009 - Economic Rescue Plan from Issues and Controversies-November 14, 2008
The issue: Was the U.S. government's authorization of a $700 billion economic rescue program the best way to deal with the country's financial crisis, or will it make matters worse by plunging the U.S. deeper into debt? - Nationalizing Banks- Issues & Controversies March 13, 2009 The issue: Should the U.S. government nationalize struggling banks? Or would that be too large an undertaking to be feasible?
Current News Highlights
- American Recovery and Reinvestment Act
official text - 407 pages long in pdf - Recovery.gov
- New CRS Report - Causes of the Financial Crisis 1/29/09
The current financial crisis began in August 2007, when financial stability replaced inflation as the Federal Reserve?s chief concern. The roots of the crisis go back much further, and there are various views on the fundamental causes. - Financial Crisis Timeline of Events- St. Louis Federal Reserve
- Background Videos from NPR's Marketplace
Check out these videos explaining various aspects of the financial crisis with Marketplace Senior Editor Paddy Hirsch. - The Economic Crisis and the Fiscal Crisis: 2009 and Beyond
This paper discusses the impact of recent tumultuous economic events and policy interventions on the Federal fiscal picture for the immediate future and for the longer run from the Brookings Insitution
Background Books
- The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash - Charles R. Morris
Call Number: HG4910 .M667 2008 - Subprime mortgages : America's latest boom and bust - Edward M. Gramlich
Call Number: HG2040.5 .U6 G745 2007 - The failure of Wall Street : how and why Wall Street fails-- and what can be done about it - Erik Banks
Call Number: HG4572 .B218 2004 - The Age of Turbulence: Adventures in a New World - Alan Greenspan
Call Number: HB119.G74 A3 2007 - The great game : the emergence of Wall Street as a world power, 1653-2000 - John Steele Gordon
Call Number: HG4910 .G663 1999 - Bad money : reckless finance, failed politics, and the global crisis of American capitalism - Kevin Phillips
Call Number: HB106.7 .P52 2008 - The affluent society. - John Kenneth Galbraith
Call Number: HB171 .G148 1969 - The squandering of America : how the failure of our politics undermines our prosperity - Robert Kuttner
Call Number: HC106.83 .K97 2007
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Contact Info:
227 Hearnes Center
Missouri Western State University
271-5801
Send Email
Favorite books
Anything by Harry Turtledove Scifi or historian Walter LeFeber
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