I'm glad that Geithner was at the center, and Bernanke as well, and Paulson in the early part. Hard for me to follow. Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress. Financial markets evolved faster than regulation, in part because of regulatory capture. Congress will be too slow to give back these tools in an emergency with a predictable and very negative result. In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. Firefighting: The Financial Crisis and its Lessons. It's a very prescient read, given the current worries abou. “The only way to contain the economic damage of a financial fire is to put it out, even though it’s almost impossible to do that without helping some of the people who caused it.”, FT (Financial Times) McKinsey Business Book of the Year 2019 — the longlist, 42 New and Upcoming Historical Fiction Novels. Firefighting: The Financial Crisis and Its Lessons: Bernanke, Ben S., Geithner, Timothy F., Paulson Jr., Henry M.: 9780143134480: Books - Amazon.ca Paperback, 9780143134480, 0143134485 you have to do a little extra work to get a full appreciation of this book, if you aren't in a business, finance, or economic field. “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.” —Library Journal, starred review The individuals credited with writing the book are Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson. Finden Sie hilfreiche Kundenrezensionen und Rezensionsbewertungen für Firefighting: The Financial Crisis and Its Lessons auf Amazon.de. 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. This is despite the fact that these books were written about 8 years ago. Select Your Cookie Preferences. --Martin Wolf, Financial Times "A primer on why the crisis was possible (and why, even so, … This is a rather short (~130 pages) description of the financial crisis and its aftermath, and recommendations for reducing the damage of future crisises. 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. I've read most the books on the financial crises, including the 3 authors' memoirs, but I found this one to be the most clear, concise and informative. Many analysis of the financial crisis have been written over the years, almost to the point of abundance. The authors argue (plead) the case for maintaining the tough regulatory regimes and other safeguards introduced in the wake of the 2008 GFC. This one, however, was written by three of the main players in the 2008 recession - Ben Bernanke, Chair of the Federal Reserve, Timothy Geithner, head of the Treasury, and Henry Paulson Jr. as Secretary Treasurer under George W. Bush. They made the best use of the tools on their table, determined to rescue their patient at whatever cost. Instead, what the country got was Republicans in charge, literally. It's a quick read and portable. Let us know what’s wrong with this preview of, Published Inflated dollar value, humongous government deficits, antiquated financial system and finally lack of responsible politics. you have to do a little extra work to get a full apprec. 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. This makes the story told in this short book fascinating and important." 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. 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. Find helpful customer reviews and review ratings for Firefighting: The Financial Crisis and its Lessons at Amazon.com. I did struggle with some of the financial instrument terminology, but Wikipedia and other on-line sources are helpful in defining, i.e. 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.

Firefighting is a vital account of a defining moment in modern history and an inspiring lesson on leadership through crisis.

An economists’s and policymaker’s take of the Financial Crisis of 2007-08. There's a problem loading this menu right now. 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. 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. Many analysis of the financial crisis have been written over the years, almost to the point of abundance. Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress. Firefighting: The Financial Crisis And Its Lessons is the three person account of The Great Recession and the steps taken to repair the economy. The information presented is straightforward. What prompts these thoughts is a new book, “Firefighting: The Financial Crisis and Its Lessons,” by Ben S. Bernanke, Timothy F. Geithner and … 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. 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. In addition, there are about 75 additional pages of data in chart form to walk you thru the crisis and aftermath which I found helpful (I'm an engineer). Perhaps it's just that I've read a ton about the subject, but nothing new came to light from this book for me. --Library Journal, starred review--This text refers to the paperback edition. This is a succinct chronology of the crisis, with the litany of actions they took to stop the fire and restore the economy. Much has been written on the financial crisis of 2008 – the most severe economic downturban since the Great Depression – analysing its causes and the risks for the future of the global economy. 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. Disabling it will result in some disabled or missing features. They do a good job in explaining how it came about and the steps they took to counter it. Behind the numbers. This little book should be part of your bookshelf, next to Galbraith "The Great Crash 1929". 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. I found this easy to read and actually learned a lot, and I don't know that much about the financial system. This isn’t a book for those unfamiliar with the story and understanding of the financial crisis, nor does it talk about the whole economic recession. fair assessment of financial crisis and lessons, Reviewed in the United States on July 7, 2019. From the Publisher. I thought it’s a good book to read and understand what had happened. --Martin Wolf, Financial Times "A primer on why the crisis was possible (and why, even so, … A short book written by Ben Bernanke, Tim Geithner and Henry Paulson. 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. This is a valuable playbook for reducing the damage from future financial … I read this for my Public Budgeting class and I was pleasantly surprised. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. 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. The Los Angeles Review of Books is a 501(c)(3) nonprofit. Be the first to ask a question about Firefighting. We’d love your help. An informative overview of the crisis from some of the key players in trying to avoid a disaster. There are several messages. If one has read any two of these books one would know an asymptotic 100%. It examines the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. 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. The three authors were at the epicentre of the financial crisis. The Triumvirate of Safety has gathered to write. Firefighting: The Financial Crisis and Its Lessons la un ☝raport calitate/pret excelent Calitate garantata Firefighting: The Financial Crisis and Its Lessons by Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr.. Click here for the lowest price! The public forgets while the financial industry erodes the safeguards. Gripping reading initially, but in parts becomes repetitive, when Bernanke harps on points already made. The global financial crisis is probably the event that has engendered the maximum number of books and papers, throwing up a lot of facts and interpretations. Firefighting: The Financial Crisis and Its Lessons by Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr.. Click here for the lowest … This is a rather short (~130 pages) description of the financial crisis and its aftermath, and recommendations for reducing the damage of future crisises. It's incredible the things they had to do to prevent a Depression. 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. --Martin Wolf, Financial Times "A primer on why the crisis was … I will forever be thankful to them and to the hundreds of staff what worked with them during the crisis. 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. - Warren Buffett 2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. 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. Books in Review. Pure science and no trace of personal interest. Amazed by how creative, persistent, and strong they have been to save the institutions despite the tremendous cost. For those who have read any one, if not more, there would be little to gain from reading this book. Read honest and unbiased product reviews from our users. 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. For anyone who has not read any of these books the book provides an excellent summation of all three. The information presented is … In 2008, Obama faced a similar crisis: The economy was in free fall, and the financial system was gripped by panic. But as i understand, Ben Bernanke always tells it like it is. Wall Street will use regulatory arbitrage to avoid Dodd-Frank's safeguards. 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. Many people disagreed with the decisions the authors took and did not take between 2007 and 2009. 2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. The three main decision-makers of the moment, Ben Bernanke, Tim Geithner, and Hank Paulson, have a new, jointly written book, Firefighting: The Financial Crisis and Its Lessons. Their slim volume is a further attempt to explain and defend what they did. Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what … Firefighting: The Financial Crisis and Its Lessons: Amazon.de: Bernanke, Ben S., Geithner, Timothy F., Paulson Jr., Henry M.: Fremdsprachige Bücher The three main decision-makers of the moment, Ben Bernanke, Tim Geithner, and Hank Paulson, have a new, jointly written book, Firefighting: The Financial Crisis and Its Lessons. - Warren Buffett 2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. More than 36% of that total (238,000) came in the fourth quarter. THE FINANCIAL CRISIS AND ITS LESSONS by Ben S. Bernanke & Timothy F. Geithner & Henry M. Paulson Jr. ‧ RELEASE DATE: April 16, 2019 Three principal policymakers and “firefighters” during the 2008 financial crash describe the crisis and suggest policies to prepare for an inevitable return. This book is relatively short, at about 130 pages of text. Many analysis of the financial crisis have been written over the years, almost to the point of abundance. Reviewed in the United States on May 31, 2019. The Financial Crisis and Its Lessons, by Ben Bernanke, Tim Geithner, and Henry … In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. This book is IMPORTANT, highly applicable to the everyday person. 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. 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. As they write, "Ten years later, we thought it would be useful to look back at how the crisis unfolded, and the lessons that might help reduce the damage from future crises. 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. "I learned much from this book I had not previously known. Your recently viewed items and featured recommendations, Select the department you want to search in. Lesen Sie ehrliche und unvoreingenommene Rezensionen von unseren Nutzern. The authors were the three lead regulators (Fed, Treasury, NY Fed) at the time of the Great Recession. Black and White language that my non economic brain can understand. 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. Read honest and unbiased product reviews from our users. It is a rational book. I did struggle with some of the financial instrument terminology, but Wikipedia and other on-line sources are helpful in defining, i.e. --Library Journal, starred review … April 16th 2019 Congress is better at grandstanding than avoiding and responding to disasters. “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.” —Library Journal, starred review Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. A bit “well they would say that wouldn’t they?” but really interesting, Bernanke, Geithner, and Paulson individually wrote their own memoirs on the Great Recession. This makes the story told in this short book fascinating and important." Start by marking “Firefighting: The Financial Crisis and Its Lessons” as Want to Read: Error rating book. 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 … You can still see all customer reviews for the product. Don't fully credit my words, i am only 20 years old. Concise, well written summary of the 2008 crisis, Reviewed in the United States on December 7, 2019. Perhaps so, but their prescription for the future is powers to do more of the same, rather than break up the big banks or let them fail. 2019-02-03 In addition, there are about 75 additional pages of data in chart form to walk you thru the crisis and aftermath which I found helpful (I'm an engineer). The company reported 659,000 in billable test volume for full-year 2020. In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on.

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