On the Brink: Inside the Race to Stop the Collapse of the Global Financial System

Book Cover
Average Rating
Publisher:
Grand Central Publishing
Pub. Date:
2011
Language:
English
Description
When Hank Paulson, the former CEO of Goldman Sachs, was appointed in 2006 to become the nation's next Secretary of the Treasury, he knew that his move from Wall Street to Washington would be daunting and challenging.

But Paulson had no idea that a year later, he would find himself at the very epicenter of the world's most cataclysmic financial crisis since the Great Depression. Major institutions including Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch, and Citigroup, among others-all steeped in rich, longstanding tradition-literally teetered at the edge of collapse. Panic ensnared international markets. Worst of all, the credit crisis spread to all parts of the U.S. economy and grew more ominous with each passing day, destroying jobs across America and undermining the financial security millions of families had spent their lifetimes building.

This was truly a once-in-a-lifetime economic nightmare. Events no one had thought possible were happening in quick succession, and people all over the globe were terrified that the continuing downward spiral would bring unprecedented chaos. All eyes turned to the United States Treasury Secretary to avert the disaster.

This, then, is Hank Paulson's first-person account. From the man who was in the very middle of this perfect economic storm, ON THE BRINK is Paulson's fast-paced retelling of the key decisions that had to be made with lightning speed. Paulson puts the reader in the room for all the intense moments as he addressed urgent market conditions, weighed critical decisions, and debated policy and economic considerations with of all the notable players-including the CEOs of top Wall Street firms as well as Ben Bernanke, Timothy Geithner, Sheila Bair, Nancy Pelosi, Barney Frank, presidential candidates Barack Obama and John McCain, and then-President George W. Bush.

More than an account about numbers and credit risks gone bad, ON THE BRINK is an extraordinary story about people and politics-all brought together during the world's impending financial Armageddon.
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ISBN:
9781455554997
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Grouped Work IDa31823b2-21c2-e4b5-9929-b3b9c8c8deb3
Grouping Titleon the brink inside the race to stop the collapse of the global financial system
Grouping Authorhenry m paulson
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2022-09-30 04:41:37AM
Last Indexed2022-09-29 05:07:14AM

Solr Fields

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author
Paulson, Henry M.
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Paulson, Henry M.
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Online OverDrive Collection
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display_description
When Hank Paulson, the former CEO of Goldman Sachs, was appointed in 2006 to become the nation's next Secretary of the Treasury, he knew that his move from Wall Street to Washington would be daunting and challenging.

But Paulson had no idea that a year later, he would find himself at the very epicenter of the world's most cataclysmic financial crisis since the Great Depression. Major institutions including Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch, and Citigroup, among others-all steeped in rich, longstanding tradition-literally teetered at the edge of collapse. Panic ensnared international markets. Worst of all, the credit crisis spread to all parts of the U.S. economy and grew more ominous with each passing day, destroying jobs across America and undermining the financial security millions of families had spent their lifetimes building.

This was truly a once-in-a-lifetime economic nightmare. Events no one had thought possible were happening in quick succession, and people all over the globe were terrified that the continuing downward spiral would bring unprecedented chaos. All eyes turned to the United States Treasury Secretary to avert the disaster.

This, then, is Hank Paulson's first-person account. From the man who was in the very middle of this perfect economic storm, ON THE BRINK is Paulson's fast-paced retelling of the key decisions that had to be made with lightning speed. Paulson puts the reader in the room for all the intense moments as he addressed urgent market conditions, weighed critical decisions, and debated policy and economic considerations with of all the notable players-including the CEOs of top Wall Street firms as well as Ben Bernanke, Timothy Geithner, Sheila Bair, Nancy Pelosi, Barney Frank, presidential candidates Barack Obama and John McCain, and then-President George W. Bush.

More than an account about numbers and credit risks gone bad, ON THE BRINK is an extraordinary story about people and politics-all brought together during the world's impending financial Armageddon.
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eBook
format_category_addison
eBook
id
a31823b2-21c2-e4b5-9929-b3b9c8c8deb3
isbn
9781455554997
last_indexed
2022-09-29T10:07:14.752Z
lexile_score
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literary_form
Non Fiction
literary_form_full
Non Fiction
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Online OverDrive
owning_library_addison
Addison Public Library Online
owning_location_addison
Online OverDrive Collection
primary_isbn
9781455554997
publishDate
2011
publisher
Grand Central Publishing
recordtype
grouped_work
title_display
On the Brink Inside the Race to Stop the Collapse of the Global Financial System
title_full
On the Brink Inside the Race to Stop the Collapse of the Global Financial System
title_short
On the Brink
title_sub
Inside the Race to Stop the Collapse of the Global Financial System
topic_facet
Business
Nonfiction

Solr Details Tables

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