Best book on crisis that I've read, next to Sorkin's. Really enjoyed getting a first-hand view of the events that I remember all too well. I was glued to my Bloomberg terminal and the news during this period...this book is a fascinating look at what was going on behind the scenes that I never saw or heard. Genuinely new insights and stories, not just a rehash of public events, as are so many other books about the financial crisis. Highly recommend.
They don't care about us
Strange question for such book, but I really come to like the author - he looks like a really honest man with high moral standards. He tells the truth - at least as he sees it. However, it is clear that in the current system bankers should decide who they want to save - the poor and middle class or the banks and the rich (from over the world). And it is no wonder they choose to save the banks and the reach at the expense of the poor, without really considering any other options.
This book is written first hand by one of the key people who had to valiantly work behind the scenes to save the US and the World from total financial collapse. I found it very engaging and very well read. I highly recommend it to people who want to know how close the world came to total financial turmoil and how this was averted. Certainly this is one man's perspective but it is a man who was right there for the entire mess.
If you are interested in economics (and I am), this is a great book. In depth, but still easy to understand. This is the first 5 star review (in 20 or so books) I have given. Really great book!
I used to work in banking, and now (and in 2008) I work in the financial/equities industry, and I could barely tolerate this book. I tried and stopped half a dozen times, it was monotone and monotonous, and it barely kept my attention. I found myself unable to pay attention, and eventually just gave up. I have a feeling reading the book would be much more interesting and productive, but the dry story in audio form just didn't work for me at all. I'm sure the story is probably a semi-interesting one for people interested in the specifics of what went on in the financial industry in 2008, but even experiencing it firsthand, this book could barely keep my attention for more than 30 minutes. Had to give up. I can't recommend this at all, with so many other, better books (and movies) out there.
Must read to enforce how people like Paulson and Tim G. are so out of touch with mainstreet...Socialism here we come.....Never once while he was pouring such wonderful statement about himself and dear Tim why did it first happen ? Who was watching our money ? They were suppose to be ? Hard to get thur sicking is the word that comes to mind......Remember Goldman Sacks rules !!!