The Panic of 1907
Lessons Learned from the Market's Perfect Storm

This book begins with a great narrative account of the events of the panic, largely focussing on the elderly J.P. Morgan and his heroic efforts to stem the disaster. The last few chapters then step back to analyze the causes of financial panics and demonstrate some parallels between 1907 and the cur......more

This is yet another book on the fragile US system of oversight and controls. “The Panic of 1907” highlights a situation in an economy that lacks both a Central Bank and sufficient regulatory oversight on the financial players. The US has always been allergic to any regulatory control, maybe because t......more

Written from the perspective of the "poor victim bankers". I nevertheless found this book hilarious. I smiled when I saw the level of complete panic stirred in the professional embezzlers and head-desked when the writer tried to suggest it was the depositors who were out of line for demanding their......more

When historic financial crashes are discussed the US Wall Street crisis of 1929 to 1932 often springs to mind. The less well-publicized crisis of 1907 might not have been just as brutal but it was still severe. The stock market declined by 37%, 42 banks and financial institutions went under and in 1......more

I had the privilege of taking a class with Professor Bruner during my fourth year at the University of Virginia on the 2008 Financial Crisis, and I remember being enthralled by his gift for storytelling. To this day, I admire his ability to weave facts and figures into a compelling narrative, and th......more