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I've read (or listened to) many books on the financial crisis and this is one of the best. I have quite deliberately not read the memoirs of Geithner and Bernanke, however. Not only does Blinder (former vice chair of the Fed, among other prestigious positions) cover the crisis in broad strokes, but he also covers at some length policy prescriptions to head off or lessen the impacts of the next crisis (and there will certainly be another). I gained a better understanding of the various instruments that the Fed has used and a better understanding of the Dodd-Frank bill, which is bitterly opposed by those who do not wish to be closely regulated. Blinder writes in an easy-to-read (or listen to) style and explains complex problems in a clear way. Though an self-described Democrat, he does not spare his criticism of both the Bush and Obama administrations. Definitely recommended for those who wonder what happened, what the response to the crisis was and a way forward from this disaster.
The narrator was excellent. The book is written in a somewhat folksy style and Graham Vick captured the tone perfectly.
3 of 3 people found this review helpful
While I have read several books on the crisis and found the first few chapters familiar terrain, it summarizes it well and added the bond bubble to my understanding of the issues. What intrigued me more was the evaluation of the policy responses. This is a great overall book-- most I've read have left out parts of the puzzle or written early enough that not all policy responses are considered-- and I rescind it.
1 of 1 people found this review helpful