Chosen chairman of Bank of America in 2009, Walter Massey is the first banking insider to reveal the inner workings behind the country's worst financial crisis in 2008. Although a global financial meltdown occurred a dozen years later, it was triggered by Covid-19--a global pandemic. But the earlier catastrophe had been precipitated by a downturn in the U.S. housing market followed by large bank losses, excessive risk taking, and the concomitant greed and fraud that were cronies of that stressful macroeconomic environment. Still, Walter E. Massey's intimate memoir is more than a revelation about those perilous years of the American economy. A successful professional whose achievements embody a startling range of aptitudes, he gives the reader a remarkably personal record of how a black boy from Hattiesburg, Mississippi who entered Morehouse College at age 16 on a special Ford Foundation program, was able to reach those heights. Through flashbacks, Massey describes how his earlier leadership positions prepared him for the unexpected challenges he faced at the bank. They had all been learning experiences--from director of the Argonne National Laboratory, director of the National Science Foundation, president of Morehouse College, and currently president and chancellor of the School of the Art Institute of Chicago. Comprehensive, intimate, and revealing, his is an eloquent testimony to how one succeeds by accepting challenges, forging alliances, and maintaining personal integrity. At the end of it all, he hopes that readers will find his story encouraging enough to push ahead toward their goals and not be daunted by the seeming enormity of the task.

Walter E. Massey, former chairman of Bank of America, announced that Beckham Publications will release his memoir, "In the Eye of the Storm: My Time as Chairman of Bank of America During the Country's Worst Financial Crisis," in October, 2020."Massey's memoir will offer an insider's gaze at events and people that never before have been revealed publicly," says publisher Barry Beckham. "He has promised not to hold back on how surprised and flabbergasted he felt after learning that the board had chosen him." Although this memoir will focus on Massey's time with Bank of America, it will incorporate relevant details of his other professional activities, Beckham says. "Walter's breadth of accomplishments includes president emeritus of Morehouse College and the School of the Art Institute of Chicago, and leadership roles at the National Science Foundation and Argonne National Laboratory.""In addition," says Beckham, "he talks about his personal difficulties like a psychologically devastating divorce, a mother debilitated by alcoholism, and his life being threatened during a racial disturbance in St. Louis."

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.

Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.

WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.