On 13 September 2007, Robert Peston broke the news that Northern Rock had become a victim of the global credit crunch and was seeking an emergency loan from the Bank of England. It was the latest in a long line of scoops by this award-winning journalist. Over the weeks that followed, the Government found itself exposed to the Rock to the tune of £57 billion, or almost £2,000 for every taxpayer.
As Robert Peston shows in his fascinating new book, the seeds for the collapse of Northern Rock and the upheavals in the financial markets were sown years before.
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"We are in a financial mess and this is why: we allow our world to be run by selfish monsters. Actually, it's worse than that - most people want to join them. Depressing if you have any anti-capitalist tendencies" — Karen (4 out of 5 stars)
"We are in a financial mess and this is why: we allow our world to be run by selfish monsters. Actually, it's worse than that - most people want to join them. Depressing if you have any anti-capitalist tendencies"
" Possibly the best book On the financial crisis from a laymen's perspective. If you don't know much about credit default swaps and bank capital but are interested in the topic - this is the book for you. "
" A little dry at times, but worth ploughing through. "
" Includes some very interesting chapters on private equity, hedge funds and pension schemes among others. "
" Some reservations, but final summary moves rating from 3 to 4. "
" Possibly a few too many digressions into biography, making it seem in places like lifestyles of the rich and famous, but otherwise a very entertaining and informative read! "
" A bit rambling in places, and at times it felt like he was overpraising Green, but an interesting look at this mess we are in. Now a bit dated. "
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