The Fall of 2008

In October of 2008 the American financial system seemed on the verge of collapse. Revered and hallowed financial institutions were being crushed by the falling stock market and found themselves fighting to maintain enough cash on hand simply to keep their doors open. All of this happened only a year after equity markets had reached an all time high with financial companies leading the races. What happened to bring the financial system to its knees and to bring on the worst economic recession in the United States since the Great Depression? These are the questions that are addressed in Professor Edwin T. Burton's new book on the economic calamity that climaxed in the fall of 2008. The book is intended to provide a readable introduction to the complex securities that were at the heart of the financial crisis and to take the reader through the series of events that lead up to the crisis that consumed the final quarter of 2008.