Crash: Bank Failures and Other Economic Catastrophes

You don’t have to look far to find news that illustrates how we are still struggling to dig our way out of a severe economic crisis.

How did we get in this mess again? As it was happening, there were lots of articles about housing market bubbles, bank failures, subprime lending, bailouts, securities scandals and other catastrophes that brought us here. If you want to explore some behind-the-scenes stories about what happened, there have been a number of recent exposés that explore the gory details of what took place in banks, at investment companies, on Wall Street, and in political circles. Of course, you’ll find no shortage of finger-pointing and theories from various perspectives.

If I’ve piqued your interest, have a look at this list of non-fiction books and movies that help tell this story. Many of these books are currently featured in a display in the Small Business collection on the 7th floor of the Central Library.

If you like this list, you also might enjoy listening to Kirsten Grind who will be at the Central Library on July 26 to discuss her new book The Lost Bank: The Story of Washington Mutual — The Biggest Bank Failure in American History.

Shelf Talk on the global financial crisis — “The Great Recession”

Global financial markets circling the drain. Were – are – we on the precipice of more than “The Great Recession”? What went wrong? Can it be fixed, or is it just a bump in the road that will straighten itself out? Want to learn more about how “The Great Recession” happened? Take a look at this list of titles that address what has happened in the economic world. Many of these books give advice and strategies you can use to cope with the ongoing financial crisis, while others give needed historical perspective for the challenges ahead.

infedwetrustIn Fed We Trust: Ben Bernanke’s War on the Great Panic by David Wessel

“We came very close to Depression 2.0.” That’s how U.S. Federal Reserve Chairman Ben Bernanke reflected on the recent financial crisis to this book’s author, David Wessel, the Economics Editor for The Wall Street Journal. Wessel discusses Continue reading “Shelf Talk on the global financial crisis — “The Great Recession””