Aaron’s Reviews > After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead > Status Update

On the looming debt crisis "the message is clear: America doesn't have a general spending problem that requires severe cuts across the board. we, have, instead, a massive problem of exploding healthcare costs", page 405

Aka blinder is telling Rand Paul to shut up.

I couldn't agree more with Blinder. It's a shame he drops the ball in his book by never bringing up single payer as a means of dealing with the issue

"failure to solve the foreclosure problem is one of the reasons we have had such a weak housing sector and weak recovery for so long - and it didn't have to be that way. It is hard to resist the conclusion that we just didn't try hard enough". Page 342

Blinder gives an A to the regulators dealing with interest rate spreads (ie restabilizing Financial Markets). This I agree with.

He gives a B to Dodd Frank. I'm closer to a C+/B- range (best we could do with republican obstruction).

He's tackling the issue of dealing with mortgage foreclosure, and gives it a D-. This I heavily agree with.

Reminds me of house of debt

Everything up to about 209 is easily the best description of the crash I've ever seen. After that it gets political. It's my kind of political slant, and we'll reasoned, but I could see it rubbing a more conservative reader the wrong way