Too Big to Save? How to Fix the U.S. Financial System |  | Author: Robert Pozen
Creator: Robert J. Shiller
Publisher: Wiley
List Price: $29.95
Buy New: $14.95
as of 11/21/2009 02:43 CST details
You Save: $15.00 (50%)
New (22) Used (12) from $10.75
Seller: fourprimrose
Rating:  9 reviews
Sales Rank: 7853
Media: Hardcover
Pages: 457
Number Of Items: 1
Shipping Weight (lbs): 1.3
Dimensions (in): 9.1 x 6.3 x 1.6
ISBN: 0470499052
Dewey Decimal Number: 332.10973
EAN: 9780470499054
ASIN: 0470499052
Publication Date: November 9, 2009 (New: Last 30 Days)
Availability: Usually ships in 1-2 business days
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Product Description
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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| Customer Reviews:
Showing reviews 1-5 of 9
Visionary, with top-notch information design November 18, 2009
Bonnie J. Woods (Chelsea, MA USA)
1 out of 1 found this review helpful
Is anyone else having as much trouble as I am, trying to make sense of the current financial debacle? Feeling overwhelmed yet under-informed? Finally, here comes Bob Pozen to the rescue.
This is a book for everyday people. Clear, concise, and chock-full of handy tools to understand the wealth of information, Too Big to Save? is a keeper.
Here are some ways that Pozen puts a light at the end of the tunnel.
The book easier read than one might expect. Pozen's prose is straightforward and down to earth. Its audience seems to be everyday people, as well as educators and other professionals who need to understand, analyze, and explain the world financial crisis.
I'm a fan of indexes, and this book has an excellent one. Beyond the index, many other features of the book make it easy to find and understand complex information.
For instance, each of the four major sections of the book begins with a few pages of summary, and each chapter in the section ends with a chapter summary. Reading these combined summaries alone can bring everything into focus.
The visuals are especially strong and numerous. There are about 70 different charts, graphs, tables, and diagrams throughout the book. These include some of the most informative (and original) financial diagrams I've seen in a long time. The most elegant, in my opinion, are "Simple Diagram of the U.S. Financial System," "Mortgage Securitization Process," "Mortgage Securitization Process in the Private Sector," and "Collateralized Debt Obligation."
The table of contents is clear, and the 10-page glossary is a godsend. Footnotes at the end of the book are handy and good reading in themselves. The overall layout and design of the book, using serif, is easy on the eyes and mind. Pozen's use of boldface type for his recommendations is an especially good idea, and it further illustrates his dynamic view of our situation.
There's a forensic, almost cinematic quality to the way Bob Pozen unfolds the facts of our current economic drama and sets them (and us) on the world stage. Most importantly, he provides vision. We are all the protagonists in this drama, and there is a way out.
Well Worth reading November 15, 2009
Arthur I. Segel (Boston, MA USA)
1 out of 1 found this review helpful
Crisply written overview of what's happened with pragmatic solutions as to what should be done. Important reading for all of our policy makers and those of us worried about the future of democracy and markets.
Saving the US Financial System November 14, 2009
Robert L. Reynolds (Boston, MA)
This book is mandatory reading for those who want to fix the problems in the financial system. There has been alot written about the problems and how it happened, but this is the first book that goes after real, practical solutions that should be read by everyone in Washington.
What is interesting is the system needs changes not dismantled.
Empowering November 12, 2009
elawv
1 out of 1 found this review helpful
This is exactly the book I needed. Comprehensive in its coverage of the financial crisis, yet comprehensible as well. No acronym or term of art goes unexplained, allowing readers who are not financial gurus to gain, finally, an understanding of the financial crisis in a way that newspaper articles and news shows cannot deliver. The chapter overviews, graphics, and the plain-speaking writing style kept me engaged on each page. As I reached each chapter summary, it was satisfying to realize how much I had learned during the short time it took to read the chapter. The book has the right blend of data and Wall Street lore, economic theory mixed with humorous observations, to keep the reader engaged from beginning to end. No surprise that the author is both a finance professional, and a professor. That explains how a book with a high level of content remains equally accessible to a general audience. I also appreciated that the book is forward looking, offering solutions to the problems that the financial crisis has left us with. I found the book to offer a balanced view of the past, and common sense solutions for the future.
Personal Tutorial November 12, 2009
J. K. Weiss (Phoenix)
2 out of 2 found this review helpful
Reading "Too Big to Save" is like having a personal tutorial by a masterful teacher who has taken a highly complex problem and broken it down--with graphs, anecdotes and simple, precise language--so that even non-financial types can understand. Bob Pozen has not only provided a tool for understanding, but he has offered detailed and insightful suggestions for going forward. Anyone who is interested in learning how we got into the financial mess, appreciating the difficulty in getting out, and preventing such problems in the future should read this book.
Showing reviews 1-5 of 9
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