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.
Henry M. Paulson, Jr. served under President George W. Bush as the 74th Secretary of the Treasury from June 2006 until January 2009. Before coming to Treasury, Paulson was Chairman and Chief Executive Officer of Goldman Sachs since the firm's initial public offering in 1999. He joined Goldman Sachs Chicago Office in 1974 and rose through the ranks holding several positions including, Managing Partner of the firm's Chicago office, Co-head of the firm's investment Banking Division, President and Chief Operating Officer, and Co-Senior partner.
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.
Paulson graduated from Dartmouth in 1968, where he majored in English, was a member of Phi Beta Kappa, and an All Ivy, All East football player. He received an M.B.A. from Harvard in 1970.
保尔森是做销售出身,大部分时间都在跟人打交道包括打电话,这本回忆录也是根据通话记录写的,就像流水账,不像伯南克有一定的理论。伯南克的《The Courage to Act》主要看的是联储紧急提供流动性、降息和QE,但金融危机最后能稳定,主要靠的是TARP,这方面就是财长去和国会争...
评分保尔森号称是自由市场的拥护者,但在美国危机当前,他采取尽量快的集权方式来解决问题,打击市场中诞生的怪物,拯救美国的人民。 这点他几乎可以说是以中国为师,但在美国多方制衡的情况下,他用尽了力量去扩充他本人及其盟友的权力,来和庞大的市场怪物对战。 短期内固然平息...
评分“那是一个时代的结束。音乐很快就会停止。” 事过境迁,美国前任财长汉克•保尔森回首金融危机尤自心有余悸,他在最新传记《峭壁边缘》中如此评点风雨飘摇中的华尔街:“在崩塌的保险公司巨头、奄奄一息的购物中心、濒临破产的银行和几乎破产的汽车公司之中,美国人民目睹...
评分 评分保尔森号称是自由市场的拥护者,但在美国危机当前,他采取尽量快的集权方式来解决问题,打击市场中诞生的怪物,拯救美国的人民。 这点他几乎可以说是以中国为师,但在美国多方制衡的情况下,他用尽了力量去扩充他本人及其盟友的权力,来和庞大的市场怪物对战。 短期内固然平息...
The book is not a defense of his actions during the crisis. He did the best he could, given the circumstances.
评分这种历史事件本身不需要太多的修辞,阅读历史本身已经是无比精彩的体验。这本书最出彩的,无疑是提供了08年起 尤其是9月到12月间呢些事情细节的详细描写,了解金融危机必看之书。
评分最后部分写的很好
评分He did everything he's supposed to do in that position. I did not see any conspiracy going on during the decision-making process. I cannot feel the tense like I read Too big to fail, too much nagging about the details, but nagging is good to understand how many things need to be considered before reaching an agreement in America
评分"I am not a particularly sentimental man."
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