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On the Brink: Inside the Race to Stop the Collapse of the Global Financial System Audio CD – CD, 1 February 2010
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About the Author
- Publisher : Business Plus; Unabridged edition (1 February 2010)
- Language : English
- Audio CD : 13 pages
- ISBN-10 : 1600249124
- ISBN-13 : 978-1600249129
- Dimensions : 13.9 x 4.5 x 15.1 cm
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Top reviews from other countries
However, whereas Sorkin is on the outside looking in, Hank Paulson was on the inside, at the very epicentre of the Government's frantic efforts to find solutions for a seemingly impossible and fast moving series of catastrophic losses in almost every major financial institution and many Blue Chip corporations. Mr Paulson is able to provide a 'fly on the wall' account of not only the fiscal machinations but also an insight into the feverish bi-party negotiations on Capitol Hill for new legislation to facilitate his rescue plans. In fact the two books compliment each other and together provide an excellent rounded account of one of the most critical moments we are likely never to see again - it is hoped.
Along with Ben Bernanke, Chairman of the Federal Reserve, Tim Geithner, President Reserve Bank of New York, Sheila Blair, Chairman of the FDIC and their departmental teams, Hank Paulson worked literally day and night, 7 days a week,for 6 months in 2008 to avert the threatening financial armageddon. And succeed they did but not without quite a few hiccups, confrontations, arguments and near meltdowns. That they succeeded was a tribute to those involved, which should be universally lauded and also an endorsement of the US characteristic that guarantees bi-partisanship in the face of trouble. God Bless America.
This book also details the very important role played by President Bush in recognising and understanding the severity of this very complex set of economic woes, and despite the correctional remedies being contrary to his political beliefs and policies, nevertheless gave his full support and authority to bringing about the urgently required solutions.
Through his writings Hank Paulson comes over as an likeable person, good family man, outstanding Banker, inspirational leader, and exemplary Servant of his country. Without his dogged resolve and gritty determination it is highly probable that global economy would now be in a sorry state.
A must buy book.
Paulson is not the best writer in the world but his account of how the US government dealt with the crisis is incredibly insightful.
A little repetitive and parts but compelling reading.
i made comments all over the book to remember and get annoyed at how the system worked.