Title: Firefighting : the financial crisis and its lessons /
Authors: Bernanke, Ben; Geithner, Timothy F.; Paulson, Henry M., 1946-
Year: 2019
Subjects: Monetary policy United States.; Banks and banking Government policy United States; Global Financial Crisis, 2008-2009; BUSINESS & ECONOMICS Government & Business.; POLITICAL SCIENCE Public Policy Economic Policy.; BIOGRAPHY & AUTOBIOGRAPHY Political.; Banks and banking Government policy; Monetary policy; United States
Abstract: "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"--
Contents: Dry tinder : the roots of the crisis -- First flames : August 2007-March 2008 -- The fire spreads : March 2008-September 2008 -- The inferno : September 2008-October 2008 -- Dousing the fire : October 2008-May 2009 -- Conclusion : the fire next time -- Charting the financial crisis : U.S. strategy and outcomes. Antecedents of the crisis -- The arc of the crisis -- The U.S. strategy -- Outcomes.