What Really Happened To The Economy?
WASHINGTON, Feb. 24 /PRNewswire/ — Don’t let anyone tell you the financial crisis is too complicated to understand. Stacy Carlson, former speechwriter to Treasury Secretary Henry M. Paulson, Jr., takes you inside the Treasury Department and explains, with insight, clarity and humor, the events and issues surrounding the 2007-2008 financial crisis in her first book, You, Me & the U.S. Economy (http://www.useconomybook.com/).
In this compelling account written specifically for “Main Street,” Ms. Carlson explores and explains the wide-ranging causes of the crisis and the varied attempts to solve them. Ms. Carlson combines her knowledge and down-to-earth sensibility in a story that makes these complex issues easily understandable. Wrapped within is Ms. Carlson’s inspirational, personal story of faith and persistence.
You, Me & the U.S. Economy uses plainspoken, sometimes humorous, analogies and is a must read for anyone who wants to understand what brought America’s economy to the brink of collapse. In her book, Ms. Carlson explains through a compelling personal narrative, some of the pivotal events and issues, including:
- Mortgage backed securities and the role they played in the housing market slowdown;
- The implosion of the sub prime mortgage market;
- The fall of Bear Stearns and why the government didn’t allow it to go bankrupt — and why the government decided not to save Lehman Brothers from the same fate;
- The government takeover of Fannie Mae and Freddie Mac; and
- How and why the Federal Reserve used multi-trillion dollar programs to stave off collapse.
The book also contains a unique “Eureka! Glossary” which makes clear “policy wonkese” and acronyms like TARP, GSEs, MBS and CDS.
Ms. Carlson’s You, Me & the U.S. Economy contains a foreword by Secretary Paulson.
From Secretary Paulson’s foreword:
“Even today, millions of Americans don’t understand the crisis we faced or the action we took. This book helps explain these subjects in plainspoken language, and from a unique point of view.”
You, Me & the U.S. Economy: A Plainspoken Story of Financial Crisis, a crisp, readable explanation of what brought us to the edge of collapse in 2008, was first published in e-book exclusively on Kindle by RosettaBooks. It is now available on Amazon.com at http://www.amazon.com/You-U-S-Economy-Plainspoken-Financial/dp/ and in Amazon’s Kindle Store (www.amazon.com/kindlestore). This is RosettaBooks’ first Print on Demand release.
Stacy Carlson was the sole speechwriter to Treasury Secretary Henry Paulson from May 2007 until January 20, 2009. She wrote about top issues, including taxes, housing, China and the 2008 financial crisis. Prior to that, Ms. Carlson had been a lender, manager and executive at three national commercial banks and a public policy advisor at a major law firm. She served as Director of Governor Arnold Schwarzenegger’s Washington, D.C. office, Western Region Political Director on the 2000 Bush for President Campaign and Staff Director for the Committee on House Administration at the U.S. House of Representatives. Ms. Carlson earned an MBA from Stanford University and a B.A. in economics from Cal State Bakersfield. She lives in Alexandria, Virginia.
SOURCE Stacy Carlson