Robert F. Bruner

Well written account of this financial debacle and helped my understanding of the importance of our Federal Reserve system. Thorough explanation of what constitutes a "liquidity crisis" and how it could still be a danger in today's financial world

I personally think that this is a brilliant book. It is a bit heavy going, and you need to read it slowly. It is a book that can serve as an excellent reference book, that you can go back to from time to time. The arguments have been made very well, and are clear to follow. The case studies are well chosen. Since many large M&A transactions have been US centric, the cases are based in the US. What I would like, is for a deep analysis of cross border transactions, like Daimler and Chrysler. show more Examples like this would really add so much value to the book.
Having said that, this is an excellent read, and is highly recommended. show less

I often hear comparisons of the recession/panic of 2008 with the Great Depression redirected to a comparison with the Panic of 1907.In terms of character, duration, and impetus, I would have to agree that the characterization of 2008 as a panic similar to 1907 make sense.This book was released in August 31, 2007 and makes reference [in the Coda] to "oil rising to $100 per barrel" and uncertainty whether credit derivatives would dampen or amplify a panic.The conclusions in the book point to show more several ingredients in creating a perfect storm for a panic, but also admit to a Keynesian bias in presenting preventative measures and corrective action.The narrative is interesting if [necessarily] dry, and while the construction of the cause thesis is reasonable, the conclusions didn't seem to follow through.This book is available on Audible. show less

well written and informative. Provides interesting comparisons