Hardy Green is a former Associate Editor at BusinessWeek. From 1995-2009, he was the steward of the magazine’s respected and influential book review section. He also has written frequently about the book publishing industry, and contributed features on travel, investing, business history, technology, and careers.
He is the author of two books, including the forthcoming The Company Town: The Industrial Edens and Satanic Mills That Shaped the American Economy (Basic Books, fall 2010).
He has also taught history at New York’s School of Visual Arts and Stony Brook University, from which he holds a PhD in United States History. He holds a B.A. degree from Rhodes College in Memphis.
When is history NOT simply written by the winners?
Answer: When the subject is economics or the weather. The consequences of both those phenomena live on and on, and the interpreters--whether they be Alan Greenspan or Al Roker--get to talk on and on, into the indefinite future. "Yeah, well I didn't exactly predict what happened...BUT..."
There's still plenty of controversy over the actions taken by the government in the fall of 2008, when the Meltdown was in Flower. (Mixed metaphors are such fun.) Witness the third degrees recently doled out by Congress to both current and former Treasury Secretaries Timothy Geithner and Henry Paulson.
Paulson's hardcover retelling of events is now available in bookstores. For my take on it, go to: http://www.dailyfinance.com/story/books-dailyfinance-henry-paulsons-meltdown-memoir/19341930/
It's an interesting book, with multiple revelations about the likes of FDIC chair Sheila Bair (who Paulson says was willing to see Citigroup die), numerous Senators and Congresspeople, and about Paulson himself. When the going got tough, as at various Congressional hearings, Paulson reveals that he tended to have the "dry heaves" and had to excuse himself from the room. The Treasury Secretary also shows himself to be a religious man and often depended upon the power of prayer to get him through.
If you're angry at the insiders who managed the bailout, TARP, and the takeover of Freddie Mac and Fannie Mae, you might look at Paulson's volume. It'll make you feel some sympathy for just what these people put themselves through to save the system.