Felt to me like the book was written by some grad school student hired to compile a bunch of public news stories on the financial crisis. It's a very prescient read, given the current worries abou. --Kirkus "All kinds of readers will find [Firefighting] a readable summary of the crisis, but its paramount value comes from the authors' explanations and defenses of their whatever-it-takes actions and assessment of current financial system risks." Read honest and unbiased product reviews from our users. Ten years later Ben Bernanke, Timothy Geithner and Hank Paulson reflect on the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression.All three Firefighting: The Financial Crisis and Its Lessons - Ebook written by Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson, Jr.. Read this book using Google Play Books app on your PC, android, iOS devices. Recognizing that, as Ben put it, “the enemy is forgetting,” they examine the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. Firefighting: The Financial Crisis and Its Lessons: Bernanke, Ben S., Geithner, Timothy F., Paulson Jr., Henry M.: 9780143134480: Books - Amazon.ca Reviewed in the United States on October 10, 2019. In what is a stunning turn of events, the three Firefighters from the crisis of 2008 have published a mea culpa where they succinctly connect their unfortunate actions to the triumph of populism and the election of Donald Trump a short eight years later. Firefighting: The Financial Crisis and Its Lessons by Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr.. Click here for the lowest price! Lesen Sie ehrliche und unvoreingenommene Rezensionen von unseren Nutzern. Much like books on Trump, populism, nationalism and so on being released in today's political climate, the financial crisis was the topic of the era. From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now.In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. Dodd-Frank makes the next crisis less likely, but there will be another crisis. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what … The authors were three of the most important minds, if not the most important minds, in engineering the American response to impending collapse of the financial industry at the time. Terrified by how similar it is to the current situation... A Primer on How the 2008 Financial Crisis was Handled and Preparedness for Future Crises. --Martin Wolf, Financial Times "A primer on why the crisis was … Of the roughly 130 pages of text, nearly all are dedicated to what the three authors had done, and what was happening at the time, rather than why it had happened. Many analysis of the financial crisis have been written over the years, almost to the point of abundance. You would expect a book about the 2008 financial crisis by three of the key policymakers dealing with it to aim to explain and justify the actions they took throughout the crisis. That being said, it offers rare insight into the decision-making process of the people respo. Download for offline reading, highlight, bookmark or take notes while you read Firefighting: The Financial Crisis and Its Lessons. Firefighting: The Financial Crisis and Its Lessons Ben S. Bernanke , Timothy F. Geithner , Henry M. Paulson Jr From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now. Reviewed in the United States on May 31, 2019. This is a rather short (~130 pages) description of the financial crisis and its aftermath, and recommendations for reducing the damage of future crisises. Charts at the end of the book are quite revealing and one can use those to assess weakness in the economy. I was expecting a lot more technical insight, in hindsight. Everyday low prices and free delivery on eligible orders. Amazed by how creative, persistent, and strong they have been to save the institutions despite the tremendous cost. Firefighting: The Financial Crisis and its Lessons Reviews. It's a very prescient read, given the current worries about the state of the global economy, and talks about the federal government's financial (prospective) tools that are useful options. Firefighting: The Financial Crisis and its Lessons. Firefighting: The Financial Crisis and Its Lessons - Ebook written by Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson, Jr.. Read this book using Google Play Books app on your PC, android, iOS devices. A book more on what happened rather than why (with its implications for the future), Reviewed in the United States on April 19, 2019. Excellent. If you are not convinced by their arguments for ensuring that the Federal Reserve should independently respond to financial crises, this book should serve as basis for finding points to refute. From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now. Firefighting: The Financial Crisis and its Lessons Reviews. Wall Street will use regulatory arbitrage to avoid Dodd-Frank's safeguards. Black and White language that my non economic brain can understand. Firefighting: The Financial Crisis and Its Lessons by Ben S. Bernanke, Timothy Geithner, and Henry M. Paulson Jr., is an interesting account of the 2008 financial crisis 10 years on. If one has already read any of the author’s previous books on the subject (Bernanke’s “The Courage to Act”, Geithner’s “Stress Test: Reflections on Financial Crisis” and Paulson’s “On the Brink: Inside the Race to Stop the Collapse of the Global Financial System”) one will know very roughly 2/3 of what is in this book. ... to fail; statutory limits on financial firefighting would no longer be an issue. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Many people disagreed with the decisions the authors took and did not take between 2007 and 2009. Financial regulation remains balkanized. Longlisted for the Financial Times/McKinsey Business Book of the Year Award "If what these three men did during the financial crisis had not been done, the world would, in my view, have experienced a second great depression. You can still see all customer reviews for the product. Firefighting: The Financial Crisis and Its Lessons, by Ben Bernanke, Tim Geithner and Henry Paulson, Penguin, RRP$16 Profile, RRP£9.99, 240 pages Martin Sandbu is … If the lessons I learned were that capitalism breeds risk and that this is bound to happen again, oh well! I also have a list of terms I don't completely understand and questions I want to research. Start by marking “Firefighting: The Financial Crisis and Its Lessons” as Want to Read: Error rating book. This collaboration by the three U.S. government officials who led the fight in the United States against the financial crisis of 2008 presents a mature and revealing assessment of the genesis and dynamics of the meltdown—and of the government’s ultimate success in halting it, although not before a painful recession had set in. Concise, well written summary of the 2008 crisis, Reviewed in the United States on December 7, 2019. The authors of this book were the firefighters on duty when a blaze erupted in the financial system a decade ago: Ben Bernanke was Federal Reserve Chair, Henry Paulson was Treasury Secretary under George W. Bush, and Timothy Geithner was President of the Federal Reserve Bank of New York, and then Treasury Secretary under Barack Obama. It's amazing that 3 intellectual giants can build a consensus and speak with a unified voice on such a complicated and controversial topic. Top subscription boxes – right to your door, Firefighting: The Financial Crisis and Its Lessons, See all details for Firefighting: The Financial Crisis and Its Lessons, © 1996-2021, Amazon.com, Inc. or its affiliates. If you did not read "Stress Test" then read "Firefighting". They do a good job in explaining how it came about and the steps they took to counter it. What prompts these thoughts is a new book, “Firefighting: The Financial Crisis and Its Lessons,” by Ben S. Bernanke, Timothy F. Geithner and … But as i understand, Ben Bernanke always tells it like it is. I thought it’s a good book to read and understand what had happened. Buy Firefighting: The Financial Crisis and its Lessons Main by Bernanke, Ben S., Geithner, Timothy F., Jr., Henry M. Paulson (ISBN: 9781788163361) from Amazon's Book Store. I did struggle with some of the financial instrument terminology, but Wikipedia and other on-line sources are helpful in defining, i.e. In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. Taxpayers made money on the bailouts. - Warren Buffett 2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson, Jr. ... could do a lot worse than this book. About the Author Ben Bernanke , currently a Distinguished Senior Fellow at the Brookings Institution, was the chairman of the Federal Reserve from 2006 to 2014. Disabling it will result in some disabled or missing features. Select Your Cookie Preferences. Congress is better at grandstanding than avoiding and responding to disasters. Reason for one less star is mainly due to the lack of specific advice for investors (average citizen), although great lessons and advice for policymakers. you have to do a little extra work to get a full apprec. This makes the story told in this short book fascinating and important." Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson, Jr. ... could do a lot worse than this book. Check out this season's biggest historical fiction novels and be transported to tales of... To see what your friends thought of this book, Firefighting: The Financial Crisis and Its Lessons. An economists’s and policymaker’s take of the Financial Crisis of 2007-08. For anyone who has not read any of these books the book provides an excellent summation of all three. Read honest and unbiased product reviews from our users. Firefighting: The Financial Crisis and its Lessons Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. I'm glad that Geithner was at the center, and Bernanke as well, and Paulson in the early part. I do wish I knew who wrote which parts of the book or if they were all sitting around one computer and dictating lol. In this memoir, three men who headed the US financial system give us an inside view of how they saved Wall St from collapse. A powerful, warts and all account told with unprecedented clarity; from the flawed human response to the necessity to learn from the past and help firefighters of the future protect economies from the ravages of financial crises. - Warren Buffett 2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. The pandemic is causing The Metropolitan Museum of Art in New York to consider selling its artwork to cover operational costs as it falls short of $150 million in revenue. Billionaire Warren Buffett praises the book for its “cautions for the future.” And it contains some surprising admissions: “The invisible hand of capitalism can’t stop a full-blown financial collapse; only the visible hand of … ... firefighting connotes crisis but what it also entails is a noble endeavor; battling a calamity that is raging but can be contained by a special force skilled in the art of fire. Too bad politicians in charge won’t read and heed it. Oh, the moral arguments from taking from the poor and giving to the rich so they could better support the political elite that names guys like Bernanke in power. The Financial Crisis and Its Lessons, by Ben Bernanke, Tim Geithner, and Henry … Excellent. --Library Journal, starred review … We’d love your help. A short book written by Ben Bernanke, Tim Geithner and Henry Paulson. To me, they seem more like field surgeons, with the global financial system gasping on their table. A positive rating based on 5 book reviews for Firefighting: The Financial Crisis and its Lessons by Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr.

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