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First Responders: Inside the U.S. Strategy for Fighting the 2007-2009 Global Financial Crisis Audiobook
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In 2008, the world's financial system stood on the brink of disaster. The United States faced an unprecedented crisis when the investment bank Lehman Brothers collapsed, setting off a global panic. Faced with the prospect of a new Great Depression, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other agencies took extraordinary measures to contain the damage and steady the financial system and the economy.
Edited by three of the policymakers who led the government's response to the crisis, with chapters written by the teams tasked with finding policy solutions, this book provides a comprehensive accounting of the internal debates and controversies surrounding the measures that were taken to stabilize the financial system and the economy. Offering previously untold insight into the key choices (including rejected options) and a frank evaluation of successes and failures, this volume is both an important historical document and an indispensable guide for confronting future financial calamities.
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About the Authors
Timothy F. Geithner is best known as the seventy-fifth US Secretary of the Treasury, under President Barack Obama. As the CEO of the Federal Reserve Bank, he was responsible for several crucial decisions during the 2008 financial crisis. He now serves as president of Warburg Pincus, a private equity firm on Wall Street.
Henry M. Paulson served under President George W. Bush as the seventy-fourth secretary of the Treasury from June 2006 until January 2009. Before coming to the Treasury, he had been chairman and chief executive officer of Goldman Sachs since the firm’s initial public offering in 1999. He joined the Goldman Sachs Chicago office in 1974 and steadily rose through the ranks. Prior to joining Goldman Sachs, Paulson was a member of the White House Domestic Council, serving as staff assistant to the president from 1972 to 1973, and as staff assistant to the assistant secretary of defense at the Pentagon from 1970 to 1972. He graduated from Dartmouth in 1968, where he majored in English, was a member of Phi Beta Kappa, and was an All Ivy, All East football player. He received an MBA from Harvard in 1970.
Christopher Grove is an actor, writer, and audiobook narrator. His narrations include Eye of the Storm, The Quantum Enigma, and the Right Kind of Crazy.
About Christopher Grove
Christopher Grove is an actor, writer, and audiobook narrator. His narrations include Eye of the Storm, The Quantum Enigma, and the Right Kind of Crazy.