Book Review Number 28

Firefighting: The Financial Crisis and It’s Lessons – Ben Bernanke, Timothy Geithner, Henry Paulson

The authors were the key players in managing the financial crisis of 2008. The book is a historical review of what caused the crisis, how it unfolded, and what was done to hold the global financial community together and contain the damage.

I followed the unfolding financial crisis in 2008 and thought I understood the character of the problem and the basic government effort to managed it. This book demonstrates how utterly ignorant I was of the complexity of the crisis, how long it took to unfold, and the extraordinary and imaginative management it took to contain it. If you think you knew what was going on with the 2008 financial crisis I encourage you to read this book. You will be surprised.

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