Table of Contents
Author's Note vii
Prologue I Can Still Stop This … ix
Part I Prelude
Chapter 1 Main Street 3
Chapter 2 In the Groves of Academe 21
Chapter 3 Governor 43
Chapter 4 In the Maestro's Orchestra 66
Chapter 5 The Subprime Spark 82
Chapter 6 Rookie Season 107
Part II The Crisis
Chapter 7 First Tremors, First Response 133
Chapter 8 One Step Forward 159
Chapter 9 The End of the Beginning 176
Chapter 10 Bear Stearns: Before Asia Opens 198
Chapter 11 Fannie and Freddie: A Long, Hot Summer 226
Chapter 12 Lehman: The Dam Breaks 248
Chapter 13 AIG: "It Makes Me Angry" 270
Chapter 14 We Turn to Congress 292
Chapter 15 "Fifty Percent Hell No" 314
Chapter 16 A Cold Wind 336
Chapter 17 Transition 356
Chapter 18 From Financial Crisis to Economic Crisis 385
Part III Aftermath
Chapter 19 Quantitative Easing: The End of Orthodoxy 415
Chapter 20 Building a New Financial System 435
Chapter 21 QE2: False Dawn 467
Chapter 22 Headwinds 497
Chapter 23 Taper Capers 534
Epilogue: Looking Back, Looking Forward 565
Afterword to the Paperback Edition 581
Acknowledgments 595
A Note On Sources 599
Selected Bibliography 603
Index 605