In a new book, Washington Post economics writer Neil Irwin looks at an elite group of policymakers from around the word who manage the money supply, and explains how money can come from -- and disappear into -- thin air based on the decisions of these influential men and women.
In his first novel, J.R. Moehringer writes from the point of view of Willie Sutton, whom he calls the "greatest American robber." Moehringer says writing historical fiction helped him deal with the anger he felt toward banks after the global financial crisis in 2008.
The Federal Reserve shrugged off warnings and let banks pay shareholders billions of dollars in dividends last years, despite warnings from the Federal Deposit Insurance Corp. ProPublica investigative reporter Jesse Eisinger says banks should have been forced to set aside the money as a rainy-day cushion.
In Boomerang, writer Michael Lewis tells the stories of the countries hit hardest by the 2008 financial crisis. He also profiles some people who bet against European governments and are likely to make millions if and when they default.
When Standard & Poor's recently lowered the U.S. government debt rating for the first time in history, it set off a firestorm of criticism, from the Obama administration to Wall Street. The downgrade raised questions about the influence of S&P and other agencies, which also faced blame in the financial crisis of 2007-'08.
New York Times financial reporter Louise Story explains how guidelines issued by the Justice Department in 2008 have allowed prosecutors to take a softer approach to corporate crimes. To this day, no high-level executive has been charged in a case related to the 2008 financial crisis.
Pulitzer Prize-winning financial reporter Gretchen Morgenson chronicles the failings of Wall Street regulators in Reckless Endangerment: How Outsized Ambition, Greed and Corruption led to Economic Armageddon.
ProPublica reporters Jake Bernstein and Jesse Eisinger recently won the Pulitzer Prize for their stories about the banks and hedge funds that realized what was happening to the U.S. economy while it was happening -- and then made vast fortunes by betting against the markets and creating fake demand.
After the housing bust, banks hired many people to handle foreclosure paperwork -- and many mistakes were made. New York Times columnist Gretchen Morgenson explains what the paperwork mess means for the banking industry and the economy.
Economist Robert Reich argues that the economy isn't going to get moving again until we address a fundamental problem: the growing concentration of wealth and income among the richest Americans. He explains his fears for America's economic recovery in Aftershock: The Next Economy and America's Future.
Gretchen Morgenson, who covers the world financial markets for The New York Times, discusses the investigations into Goldman Sachs by the Securities and Exchange Commission, the Justice Department and a Senate subcommittee — and reflects on the role Goldman Sachs played in the financial crisis.
Michael Lewis' new book The Big Short chronicles the 2008 financial collapse through the investors who realized what was happening to the U.S. economy while it was happening -- and then made a fortune by betting against the markets.
Director Jason Reitman likes to fill his movies with tricky characters, and then put them in situations that test their convictions. His latest project, Up in the Air, is no exception: George Clooney's character has made a career of firing people.
Journalist Gillian Tett warned about the problems in the financial industry long before many of her colleagues. In her new book, Fool's Gold, Tett examines the role J.P. Morgan played in creating and marketing risky and complex financial products.
Economist Simon Johnson discusses the next phase of the financial bailout. In the May issue of The Atlantic Monthly, Johnson insists that the U.S. government will have to get rid of its "financial oligarchy" to regain economic stability.
Macroeconomist Dean Baker sees opportunity in the current economic crisis. In a recent editorial for The Guardian, Baker recommended that President-elect Barack Obama boost the economy by spending on national health insurance.