Includes bibliographical references (p. [302]-324) and index.

Lowenstein unfurls a gripping chronicle of the 2008 financial collapse. In his trade mark style combining deep analysis with sizzling narrative, Lowenstein looks to the roots of the crisis to reveal how America yielded to the siren song of easy debt and speculative mortgages. He shatters the widespread belief that the crisis began or reached a critical mass only with the failure of Lehman Brothers; instead, he shows that American homeowners, banking, and finance were in a numbing crisis for at least a year before the events of September 2008.

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