The meltdown yearsoffers the most lucid and useful explanation todate about why home values life savings jobsecurity and investments around the worldare in peril rather than focus on who is to blamethough author wolfgang munchau takes themore practical approach of focusing on what isto blame the fact that individuals were stupidgreedy and corrupt should come as no surprisewhats remarkable is that our worldsfinancial systems put in place to help staveoff such a crisis . An updated edition of verboben munchaus award winning book published in germany in 2008 the meltdown years provides a solid foundation in the structure and workings of the global economy and presents a broad view of the financial crisis munchau focuses on three main questions what were the key events that led to the global financial bubble. Decouvrez et achetez the meltdown years the unfolding of the global economic crisis. A decidedly global perspective of the greatest financial crisis of our time the meltdown years examines the structure of the world banking system global events that led to financial collapse the growth of speculative bubbles the descent from financial crisis into full out recession pointing to an unstable global economic system as the root of the problem the author predicts how long the recession willand illustrates long term consequences of the meltdown apportioning individual blame . The meltdown yearsoffers the most lucid and useful explanation todate about why home values life savings jobsecurity and investments around the worldare in perilrather than focus on who is to blamethough author wolfgang munchau takes themore practical approach of focusing on what isto blame the fact that individuals were stupidgreedy and corrupt should come as no surprisewhats remarkable is that our worldsfinancial systems put in place to help staveoff such a crisis failed so