From financial crisis to global recovery

Padma Desai

This book is about the complexities of economic policy and financial reform. It begins with a systematic breakdown of the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgage scandals, and lax regulation that contributed to the crisis. It also discusses the Treasury-Federal Reserve rescue deals that saved several financial institutions and the involvement of Congress in passing restorative policies. An analysis of stress tests and other economic measures follows, as well as an assessment of whether the U.S. economy is truly on the mend.