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Too Big to Save? How to Fix the U.S. Financial System

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Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out. While there is little question that immediate action was required to st Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out. While there is little question that immediate action was required to stabilize the situation, it is now time to look for a long-term plan to reform the United States financial industry. That is where Bob Pozen comes in. Perhaps more than anyone in the industry, Pozen commands the respect and attention of the public and private sector. In this timely guide, he outlines his vision for the new financial future and provides actionable advice along the way. To Pozen, there are four high-priority problems that must be addressed, and this book puts them in perspective Analyzes alternative models for government stakes in banks Recommends a new board structure for large financial institutions Examines the importance of broader Fed jurisdiction over systemic risks Proposes a way to revive the securitization of loans With Too Big to Save, you'll learn the likely future of the finance industry and understand why changes have to be made.


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Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out. While there is little question that immediate action was required to st Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out. While there is little question that immediate action was required to stabilize the situation, it is now time to look for a long-term plan to reform the United States financial industry. That is where Bob Pozen comes in. Perhaps more than anyone in the industry, Pozen commands the respect and attention of the public and private sector. In this timely guide, he outlines his vision for the new financial future and provides actionable advice along the way. To Pozen, there are four high-priority problems that must be addressed, and this book puts them in perspective Analyzes alternative models for government stakes in banks Recommends a new board structure for large financial institutions Examines the importance of broader Fed jurisdiction over systemic risks Proposes a way to revive the securitization of loans With Too Big to Save, you'll learn the likely future of the finance industry and understand why changes have to be made.

30 review for Too Big to Save? How to Fix the U.S. Financial System

  1. 4 out of 5

    Michal Linhard

    Didn't finish all of it, just skipped through. I wasn't particularly interested in what US shouldn't and should have done during the crisis.

  2. 4 out of 5

    E

    Expert Robert Pozen offers insights on U.S. finance Stable, sustainable economic growth requires new approaches to financial regulation. In this insightful book, Robert Pozen explains how speculative securities underwriting, easy mortgage financing and poor regulation led to the worst U.S. recession since the 1930s, as well as a worldwide financial crisis. An industry leader in investment management, Pozen proposes regulatory reforms to make the financial system less vulnerable to similar problem Expert Robert Pozen offers insights on U.S. finance Stable, sustainable economic growth requires new approaches to financial regulation. In this insightful book, Robert Pozen explains how speculative securities underwriting, easy mortgage financing and poor regulation led to the worst U.S. recession since the 1930s, as well as a worldwide financial crisis. An industry leader in investment management, Pozen proposes regulatory reforms to make the financial system less vulnerable to similar problems in the future. Readers may disagree with some of Pozen’s recommendations, and as the U.S. government adjusts its regulation of financial institutions, some of his proposals may become moot. However, his accessible, informed text also offers a remarkably clear account of how the recession unfolded in the United States. That’s more than enough reason for getAbstract to recommend this intelligent book to anyone interested in global financial fragility and how to fix it.

  3. 5 out of 5

    Sam Dye

    Some of this book was over my head but I learned a lot and will get it out of the library again. In a very clear and unbiased way he goes through all the mistakes that have been made and he proposes solutions. The most interesting to me was the effect of Alan Greenspan keeping the Federal Funds Rate low from 2001 to 2005 (in violation of the Taylor Rule which said that the rate should have started up in late 2001 instead of going down further). This caused all the various types of pension and he Some of this book was over my head but I learned a lot and will get it out of the library again. In a very clear and unbiased way he goes through all the mistakes that have been made and he proposes solutions. The most interesting to me was the effect of Alan Greenspan keeping the Federal Funds Rate low from 2001 to 2005 (in violation of the Taylor Rule which said that the rate should have started up in late 2001 instead of going down further). This caused all the various types of pension and hedge funds to seek better return and lo and behold there were the MBS's (Mortgage Based Securties) with a fake AAA rating. The unregulated mortgage lenders then went to town and the whole thing blew up and caused worldwide problems because financial institutions all over the world bought these bad securities. These rules have just been changed in 2008 and 2009! And the story of poor oversight and bad or no (big bank influenced) laws goes on and on.

  4. 4 out of 5

    Ldrutman Drutman

    Good, thorough overview of the financial crisis and what to do about it. A bit dry, but the perfect book for somebody in my current position.

  5. 4 out of 5

    Vlad Stepanov

  6. 5 out of 5

    Miguel Ruben

  7. 4 out of 5

    John Gray

  8. 5 out of 5

    Tammy

  9. 5 out of 5

    Jacques

  10. 5 out of 5

    Justin Sheehan

  11. 5 out of 5

    Matt

  12. 4 out of 5

    Rusty McAlister

  13. 4 out of 5

    Gilles Koch

  14. 5 out of 5

    Gen

  15. 5 out of 5

    Paul Vittay

  16. 4 out of 5

    Linda Stelmaszyk

  17. 4 out of 5

    Dani

  18. 4 out of 5

    Mark Schenkman

  19. 5 out of 5

    a

  20. 5 out of 5

    Sarah

  21. 4 out of 5

    Jessica Snider

  22. 4 out of 5

    Jerry

  23. 4 out of 5

    Liming Zhu

  24. 5 out of 5

    Shuichi Matsumoto

  25. 5 out of 5

    leg

  26. 5 out of 5

    Jacob Wolinsky

  27. 4 out of 5

    Rishad Sadikot

  28. 5 out of 5

    Jess

  29. 5 out of 5

    Joshua Slive

  30. 4 out of 5

    Mark

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