37 E. Springtown Rd. Long Valley, NJ 07853 (Morris County) | Phone 908.876.3596
37 E. Springtown Rd. Long Valley, NJ 07853 (Morris County) | Phone 908.876.3596

Firefighting: The Financial Crisis and Its Lessons

by Ben Bernanke, Timothy Geithner, and Henry Paulson

Well written and very informative. No ghost writer was mentioned, but I suspect the three experts provided input to a professional writer who applied consistency of style. I think they got a little carried away with the firefighting analogy, even to the extent of naming chapters “Dry Tinder,” “The First Flames.” “The Inferno,” etc. It also seemed more than a little self-serving as they justified their own actions during the crisis. In my opinion, the two biggest omissions were the failure to mention the Cash for Clunkers program, and the fact that they often said that “funds were made available,” but never told where those funds came from. In spite of these shortcomings, I think this should be required reading for anyone who may be involved in any way with the NEXT financial crisis.

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