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Firefighting  By  cover art

Firefighting

By: Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson
Narrated by: Mark Deakins
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Publisher's summary

"Should be required reading for all policy makers." (Warren Buffett)

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 10 years on. 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. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises. 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.

©2019 Ben S. Bernanke, Timothy F. Geithner, and Henry M. Paulson, Jr. (P)2019 Penguin Audio

Critic reviews

Long-listed 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. This makes the story told in this short book fascinating and important.” (Martin Wolf, Financial Times)

“A primer on why the crisis was possible (and why, even so, almost nobody saw it coming); a ticktock on how the crisis and the financial rescue unfolded; and a very scary warning about the future.” (Paul Krugman, New York Times)

“I'm glad I didn't have to do the job that these three ‘fire chiefs’ did. I learned much from this book I had not previously known. Its cautions for the future should be required reading for all policy makers.” (Warren Buffett)

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