Just finished this book, a 100-page summary of how Geithner, Bernanke, and Paulson (the authors) fought the Great Recession, and what should be done in the future.
Having read the separate books by each of them, nothing in it was particularly new. And having read Tooze's Crashed, which focuses on the international crisis, I wish they had paid more attention to that area. But it's a good summary, clear and quickly moving.
It's especially apropos today, because "repos" market seized up yesterday and the NYFed had to put in $53billion. "repos" is a term familiar from the Great Recession and from Firefighting. Of course, there's nothing on the top line news today about it. The media and politicians won't pay attention until late, and then we'll discover our politicians have handcuffed the financial institutions.
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