Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover

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The Nation was kind enough to include one of my essays in their latest book, Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover. Obviously, the book is extremely timely and the other essays are awesome, so I highly recommend you purchase it. The Nation is a rare jewel: a highly-regarded, liberal source of news that pays freelancers well, and doesn’t shy away from provocative thoughts and sometimes naughty language (meaning my writing style).

My essay is called “Youth Surviving Subprime,” and it addresses how the subprime crisis is affecting our country’s youths, and how the shady lending practices resemble predatory tuition loans sometimes issued to students. The subprime mess is a generational problem, and I felt youths were underrepresented in the media’s discussion of the crisis. Hence, the article.

Support The Nation and independent media, and purchase this excellent book.

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America’s economy is in meltdown. Banks have failed, foreclosures are sweeping the housing market, and stocks have suffered their worst losses since the Great Depression. Faced with a complex and spiraling crisis, the government has poured billions of taxpayer cash into a bailout with no end in sight.At every step of the way, The Nation, America’s oldest weekly magazine, has tackled the most urgent questions facing the nation’s leaders and its citizens with clarity and insight. Meltdown draws together nearly twenty years of the best of their coverage of the financial crisis and explores what steps President Obama and his new administration must take to ensure a more secure future for everyone.

Other contributors include:

• William Greider on Alan Greenspan’s flawed ideology
• Robert Sherrill on why the bubble popped
• Thomas Frank on the rise of market populism
• Christopher Hayes on the coming foreclosure tsunami
• Barbara Ehrenreich on the implosion of capitalism
• Kai Wright on how the subprime crisis is bankrupting black America
• Naomi Klein on Bush’s final pillage
• Joseph E. Stiglitz on Henry Paulson’s shell game
• Jesse Jackson on trickle-down economics
• Katrina vanden Heuvel and Eric Schlosser on why America needs a New New Deal