The Panic of 1907. Black Tuesday (1929). Black Monday (1987). The Great Recession (2008). The Flash Crash (2010). Taken together they tell the story of a nation reaching enormous heights of financial power while experiencing precipitous dips that alter and reset a market where millions of Americans invest their savings, and on which they depend for their futures. Nations blends economic and cultural history to show how each of these major crashes...

From the former Treasury Secretary, the definitive account of the unprecedented effort to save the U.S. economy from collapse in the wake of the worst global financial crisis since the Great Depression.

Presents a moment-by-moment account of the recent financial collapse that documents state efforts to prevent an economic disaster, offering insight into the pivotal consequences of decisions made throughout the past decade.

Presents a moment-by-moment account of the recent financial collapse that documents state efforts to prevent an economic disaster, offering insight into the pivotal consequences of decisions made throughout the past decade.

Draws on hundreds of hours of interviews and in-depth research to relate the complete story of the nation's financial meltdown, from the trading floors of lower Manhattan to the power corridors inside the Beltway.

As Jeff Madrick makes clear, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who argue that self-interest guides society more effectively than community concerns. In telling the stories of these politicians, economists, and financiers who declared a moral battle for freedom but instead gave rise to an age of greed, Madrick traces the lineage of some of our nation's...

"The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed ... Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent--almost twice as bad as the worst day of 1929--equal to a loss of nearly 5,000 points today. But Black Monday was more than just a one-day market crash; it was seven years in the making and threatened the entire U.S. financial system....

"Savvy and informative.  . . . The most ambitious treatment of this period yet.  . . . Suskind's book often reads like Halberstam's The Best and the Brightest. But the quagmire isn't a neo-Vietnam like Afghanistan-it's the economy." - Frank Rich, New York "A searing new book.  . . . Suskind has a flair for taking material he's harvested to create narratives with a novelistic sense of drama." - Michiko Kakutani, The New York Times "No book...

"In 2011, Carmen Segarra took a job as at the Federal Reserve Bank of New York supervising for Goldman Sachs. It was an opportunity, she believed, to monitor the big bank's behavior in order to avoid another financial crisis. Segarra was shocked to discover, however, the full extent of the relationship between Goldman and the Fed. She began making secret recordings that later became the basis of a This American Life episode that exposed the Fed's...

Didier Sornette is professor of entrepreneurial risks at the Swiss Federal Institute of Technology in Zurich, professor of finance at the Swiss Finance Institute in Geneva, and the director of the Financial Crisis Observatory at ETH Zurich. The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes,...