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First published in the United States of America by The Penguin Press, a member of Penguin Group (USA) Inc., 2013

This edition with a new afterword published in Penguin Books 2014

Copyright © 2013, 2014 by Alan S. Blinder

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Diagram on page 77 from The Deal , issue of October 6, 2008. By permission of The Deal LLC.

Quote from “Hey Jude” by John Lennon and Paul McCartney, published by Sony/ATV Music Publishing. All rights reserved.

Ebook ISBN 9781101605875

LIBRARY OF CONGRESS CATALOGING IN PUBLICATION DATA

Blinder, Alan S.

After the music stopped : the financial crisis, the response, and the work ahead / Alan S. Blinder.

p.cm.

Includes bibliographical references and index.

ISBN 9781594205309 (hc.)

ISBN 9780143124481 (pbk.)

1. Global Financial Crisis, 2008–2009. 2. Financial crises—United States. 3. Finance—United States. 4. United States—Economic conditions—2009– 5. United States—Economic policy—2009– I. Title.

HB37172008.B552013

330.973—dc232012031025

While the author has made every effort to provide accurate telephone numbers, Internet addresses, and other contact information at the time of publication, neither the publisher nor the author assumes any responsibility for errors or for changes that occur after publication. Further, the publisher does not have any control over and does not assume any responsibility for author or third-party Web sites or their content.

Cover design: Darren Haggar

Cover photograph: Kyu Oh/Getty Images