Bailouts, stimulus packages, Toxic Assets. What does it all mean, and what causes these things to happen? Make some sense of the financial crisis with these resources. Explore the history of this crisis and others, decipher the jargon, or find financial assistance.
Crunch: Why Do I Feel So Squeezed? (and Other Unsolved Economic Mysteries)
Do you want to learn more about economics so you can understand the present financial crisis better?
Empire Of Debt: The Rise Of An Epic Financial Crisis
Authors of the Daily Reckoning, Bonner and Wiggin feel the growing indebtedness of Americans and the U.S. economy will lead to the demise of the U.S. empire.
Subprime Mortgages: America's Latest Boom and Bust
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What is the subprime mortgage market? What does it have to do with the current financial crisis? Gramlich offers an analysis of subprime lending, and discusses options for its reform.
The End of Globalization: Lessons from the Great Depression
James, a history professor at Princeton University, brings historical perspective to globalization by viewing the Great Depression as a period when globalism collapsed. He sees parallels in today's economies: highly integrated systems are inherently vulnerable to collapse, and world financial markets are vulnerable and unstable.
13 Bankers: The Wall Street Takeover and the Next Financial Meltdown
Read a New York Times review: Your Money, Their Pockets: "To put it bluntly, as this book does: the efficient-market hypothesis does not work. It never has. Markets are not self-correcting. Left to their own devices, bankers at the biggest institutions can’t seem to stop themselves from speculating with borrowed money until they inevitably crash the system."
The Wall Street Journal Guide to the End of Wall Street as We Know It: What You Need To Know About the Greatest Financial Crisis of Our Time-and How to Survive It
This book gives an overview of the events leading to the current financial crisis, an analysis of the government's role, and strategies individuals can take to inform and protect themselves.
Manias, Panics And Crashes: A History Of Financial Crises
The 5th edition of this classic analysis advises governments to "Always come to the rescue, in order to prevent needless deflation, but always leave it uncertain whether rescue will arrive on time or at all, so as to instill caution in other speculators, banks, cities, or countries." The 4th edition is available as a downloadable audiobook (requires a library card).
The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis
Kosman shows how Private Equity companies, 17 of whom are members of the Forbes 400, who "buyout" real companies not only hurt the bought out company and its employees but also the rest of us. Read a Wall Street Journal book review.
The Return of Depression Economics and the Crisis of 2008
In this updated edition of The Return of Depression Economics, Krugman, the 2008 Nobel Prize winner in Economics, shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s.
The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity
As the income of most Americans has remained static or declined and as housing and healthcare costs have soared, the wealth of America has become increasingly concentrated in the hands of a financial and political elite who blocks the ability of government to restore broad prosperity to the majority of citizens.
Panic: The Story of Modern Financial Insanity
Panic examines five recent financial crises, from the stock market crash of 1987 to the subprime lending crisis. Lewis discusses how each event was viewed at the time and what we've learned in hindsight.
The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream
Michaelson, a former Senior VP of Marketing at Countrywide Home Loans, brings his insider's view to this examination of the mortgage crisis.
The (Two) Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
In this book, Charles Morris predicted market turmoil caused by subprime mortgages and Wall Street greed.
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis
Two financial reporters attempt to pin down who is really responsible for the current financial crisis by examining the role that Wall Street executives played.
The Hellhound Of Wall Street: How Ferdinand Pecora's Investigation Of The Great Crash Forever Changed American Finance
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Ferdinand Pecora was a Sicilian immigrant who became a lawyer and was chosen to lead the hearings on the stock market collapse for the Senate Banking and Currency Committee in February 1933. Read more about the book in this Pittsburgh Post-Gazette review: A lesson unlearned: Battling Wall Street in 1933.
American Theocracy: The Peril and Politics of Radical Religion, Oil and Borrowed Money in the 21st Century
From ancient Rome to the British Empire, Phillips demonstrates that every world-dominating power has been brought down by a related set of causes: a lethal combination of global overreach, militant religion, resource problems, and ballooning debt.
Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism
Kevin Phillips cautions against the current financial practices of American capitalism and explains why they are bringing about an economic downfall.
Crisis Economics: A Crash Course in the Future of Finance
Known as "Dr. Doom", Roubini, a professor of economics at NYU, predicted the U.S. housing bust and resulting recession in 2006. Read more in this New York Times book review.
Crash Proof: How to Profit from the Coming Economic Collapse
Schiff warned of a coming crisis in this book and suggested how consumers could protect themselves.
The Subprime Solution: How Today's Global Financial Crisis Happened, And What To Do About It
Best-selling economist Robert Shiller reveals the origins of the subprime mortgage crisis and puts forward bold measures to solve it, calling for a restructuring of the institutional foundations of the financial system.
The World is Curved: Hidden Dangers to the Global Economy
David Smick cited the mortgage crisis as an early indicator of further problems ahead.
The Crash of 2008 and What It Means: The New Paradigm for Financial Markets
George Soros feels that the dominant ideology that holds that markets are self-correcting is wrong; that it has been the government that saves the markets when they get into trouble.
Financial Shock: A 360° Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis
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Zandi explains in plain English the history of the subprime crisis and its causes.
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This film explores how credit card companies are thriving while Americans get deeper and deeper into debt.
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James Scurlock, the author of Maxed Out: Hard Times, Easy Credit, and the Era of Predatory Lenders, directs this documentary that takes an in depth look at America's debt crisis.
Browse the Catalog
For additional titles, browse the library catalog under the subjects:
Baseline Scenario: Financial Crisis for Beginners
This blog by three economists offers basic explanations for the rest of us, or links to other sites with basic explanations, about how the financial crisis occurred.
BBC: The Layman's Finance Crisis Glossary
A BBC primer on financial jargon.
Bureau of Labor Statistics
The numbers that move the markets. Look at the menu choices on the right side for reports including Consumer Price Index (CPI), Unemployment Rate. Average Hourly Earnings, Producer Price Index (PPI), and Productivity.
Frontline's Inside the Meltdown
The Frontline episode that looks at the evolution of the global financial crisis. You can watch the full program online.
MSN's Money has the usual stock quotes but also a very good consumer component with advice for the man on the street about how to make money, keep it or lose less and grow it.
New York Times: Business
You might also like to read their special series: Age of Riches, which examines the effects of the growing concentration of wealth; and The Debt Trap, a series about the surge in consumer debt and the lenders who made it possible.
NPR: Planet Money
Planet Money is a multimedia team covering the global economy. You can get news from Planet Money by podcast, email newsletter, RSS feed and simply by visiting their blog.
PBS NewsHour's Coverage of the Crisis
Coverage of the financial crisis from PBS' NewsHour.
Pitt Business Faculty in Economic Crisis Coverage
A list of local news articles in which Pitt Business faculty weigh in on the financial crisis.
What does the American Recovery and Reinvestment Act that passed on February 13, 2009 really mean? This web site tracks how the money is being distributed, provides a timeline of events, and provides information on state-by-state progress.
RGE - Nouriel Roubini's Global EconoMonitor
As the UK's Sunday Times put it: "Dubbed Dr Doom for his gloomy views, this lugubrious disciple of the "dismal science" is now the world’s most in-demand economist." Don't look here for upbeat predictions.
This American Life: The Giant Pool of Money
This episode of NPR's show This American Life talks to people who work in the banking, mortgage, and housing industries to tell the story of how the U.S. got into a financial crisis.
Timeline: Global Credit Crunch
The BBC timeline of the global credit crisis
USA Today: Money
The latest news on banking, the economy, and personal finance.
The Wall Street Journal: The Financial Crisis
This page aggregates their full coverage of the financial crisis. (Some articles will require a subscription to the online edition of the Journal.)
Washington Post: U.S. Economy
The latest business news as it relates to the U.S. economy.
You Control Your Money
If you are having money problems or know of someone who is, the members of the Financial Education Consortium of Southwestern Pennsylvania are there to help.