Vendor
	Mohrbooks Literary Agency Sebastian Ritscher
Original language
English
Categories
Political economy

FIREFIGHTING

Henry M., Jr. Paulson Timothy F. Geithner Ben S. Bernanke

The Financial Crisis and Its Lessons

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. 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.

Ben Bernanke, currently a Distinguished Senior Fellow at the Brookings Institution, was the chairman of the Federal Reserve from 2006 to 2014. Timothy F. Geithner is currently President of Warburg Pincus and was the 75th Secretary of the Treasury for President Obama's first term. He is the author of Stress Test: Reflections on Financial Crises. Hank Paulson is the founder and chairman of the Paulson Institute, and served as the 74th Secretary of the Treasury under President Bush. He is the author of On the Brink and Dealing with China.

Available products
Book Published 2019-04-16 by Penguin Books
Book Published 2019-04-16 by Penguin Books

Comments

Responding to the financial crisis meant doing "precisely what feels scariest and most unfair to people because there's a lot of unworthy beneficiaries," former Treasury secretary Tim Geithner says. Geithner, fellow former Treasury secretary Hank Paulson, and former Fed chairman Ben Bernanke look back on the crash and how they handled it, on this week's GPS... Read more...

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.

UK: Profile Books ; Brazil: Todavia Livros ; China: Citic ; Korea: Iremedia ; Romania: Act Si Politon

Ben Bernanke has received a 2022 Nobel Prize in Economic Sciences!

NPR Morning Edition: Steve Inskeep talks to ex-Fed Chair Ben Bernanke, former Treasury Secretary Henry Paulson and ex-President of the Federal Reserve Bank of New York Timothy Geithner, about their book and the economy. Read more...