Nicole Gelinas Nicole Gelinas is the Searle Freedom Trust Fellow at the Manhattan Institute and a contributing editor of City Journal Click here to read her bio. Howard Husock Howard Husock is the Vice President, Policy Research and the Director of the Manhattan Institute's Social Entrepreneurship Initiative. Click here to read his bio. Steve Malanga Steve Malanga is City Journal Senior Editor, a Manhattan Institute Senior Fellow, and a RealClearMarkets.com columnist. Click here to read his bio. E.J. McMahon Edmund J. McMahon is director of the Empire Center for New York State Policy, a project of the Manhattan Institute. He also is senior fellow for Tax and Budgetary Studies at the Institute's Center for Civic Innovation. Click here to read his bio.

America's economy is facing an economic crisis not seen since the Great Depression. Storied financial firms such as Bear Stearns, Lehman Brothers and Merrill Lynch are going belly up and stock market shares are plunging. The landscape of Wall Street has been irrevocably changed. Is this a failure of capitalism, or simply a failure of the financial industry? Manhattan Institute economic scholars Nicole Gelinas, Howard Husock, E.J. McMahon, and Steven Malanga provide their insight.

• 'Mark-To-Market' Isn't To Blame For Meltdown That Led To Crisis, Investor's Business Daily, 09-26-08
• Throwing Bad Debt After Bad-Again!, City Journal Online, 9-18-08
• Uncle Sam Can Bail Out Fannie, But Who Will Bail Out Uncle Sam?, Investor's Business Daily, 07-19-08
• America, Too Big to Fail... Probably, City Journal Online, 7-16-08
• New York's Next Fiscal Crisis, City Journal, Summer 2008
• Memo to Governor Paterson, City Journal Online, 3-18-08
• Banks, Shot, City Journal Online, 1-2-08
• Super SIV to the Rescue?, City Journal Online, 11-8-08
• Wall Street's Mortgage Pain, New York Post, 3-12-07
• Bonus Boom, But..., City Journal, Winter 2007
• Gotham Needs Wall Street; Does Wall Street Need Gotham?, City Journal, Winter 2006

• About the Next Crisis, New York Sun, 7-29-08
• Credit Where It's Not Due, Wall Street Journal, 2-10-04
• Our Own Private Fannie?, Wall Street Journal, 9-27-04
• How the CRA Made Things Worse, City Journal, Winter 2000

• The Meltdown's Main Street Roots, New York Post, 09-25-08
• The Mortgage Mess Began on Main Street, Real Clear Markets, 09-24-08
• Can Wall Street Reinvent Itself Again?, RealClearMarkets.com, 9-17-08
• In the U.S., Selectively Applied Capitalism, RealClearMarkets.com, 7-23-08
• Predatory Lending, or Mortgage Fraud?, RealClearMarkets.com, 4-9-08

• If you're voting with your pocketbook, proceed with caution, New York Daily News, 9-17-08
• Running On Empty, New York Post 9-16-08

Media Inquiries/Press: William G. Zeiser, Press Officer, 212.599.7000, wzeiser@manhattan-institute.org