The committee writes: Thoroughly researched and documented (with over 60 pages of endnotes), and written in an illuminating and engaging prose, this book examines the evolution of securitization and federal credit programs over the period of almost 200 years of American history, from the early post-Revolutionary years to the 1960s. The federal government relied on securitization and credit as tools of domestic statecraft in order to provide widespread economic opportunities but to avoid overt market intervention or redistribution of wealth. Under Sarah Quinn’s magnifying glass, the highly technical world of finance is seen as a complex social, political and moral landscape. In the end, the book arrives at a surprising conclusion that the US after all has an underappreciated developmental state, where government officials creatively turn to financial markets to manage America’s complex fractured political divides, and to determine what Americans owe one another. The book’s interdisciplinary engagement -- it draws on insights from economic sociology, political science, history, and economics -- would be of great interest to a broad spectrum of SASE scholars, and its focus on the developmental state is a wonderful tribute to Alice Amsden’s own work on state-led economic development of Asian economies.