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Alan S. Blinder, esteemed Princeton professor, «Wall Street Journal» columnist, and former vice chairman of the Federal Reserve Board — presents here the first definitive history of the crisis. With bracing clarity, he cronicles the perfect storm of events beginning in 2007, from the bursting of the housing bubble to the financial implosion that followed the Lehman bankruptcy, and shows how events in the financial markets devastated the U.S. and the global economies. Updated with a new postscript to bring his analysis up to the present day, «After the Music Stopped» reveals how the worst economic crisis in postwar American history happened, what we must do to recover from it, and what we have — or have not — learned.