Nothing is Too Big to Fail, Kerry Killinger
Nothing is Too Big to Fail, Kerry Killinger
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Nothing is Too Big to Fail
How the Last Financial Crisis Informs Today

Author: Kerry Killinger, Linda Killinger

Narrator: Gary Bennett

Unabridged: 17 hr 50 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 03/30/2021


Synopsis

In 2008, the American economy collapsed, taking with it millions of Americans' jobs, homes, and life savings. The impending financial crisis was devastating, and many are still feeling its effects today.

Though the crisis was debilitating, the US government has yet to implement policies that would prevent a repeat of the Great Recession. The middle class continues to shrink, escalations in racial injustices prevail, and distrust of the government grows by the day. And with the country's current fiscal policies, our economy is in a fragile place, barely strong enough to survive a shock caused by an international conflict, a cyberattack, or a global pandemic, like COVID-19.

Nothing Is Too Big to Fail holds a microscope to the very policies and corruption that led to this major economic recession. Authors Kerry and Linda Killinger warn that, without significant institutional change, the country has created asset and debt bubbles that could burst at any time.

No institution, government, or country is "too big to fail." But by learning from our past mistakes and taking action, we can return our country's economic system—and in turn, our democracy—to one that is secure.

Reviews

Federal regulators can’t be trusted What a waste and sure sign of government incompetence. My career paralleled Mr. Killinger’s without as many zeros. I became President and CEO in 1983 at 32 years old. The seizure of Washington Mutual was an unmitigated disaster. FIRREA wiped out my bank’s net worth......more

Goodreads review by Cory

Kerry Killinger nailed it. Wall street bankers were taking unreasonable risks, aided by encouraging regulators that were asleep at the wheel. Then when world caught on and things went south, they seized Wamu in a confused panic, looking to make an example out of a company that they assumed surely de......more

DRY. Probably super informative for a history buff, but wow was this a grind to get through. Didn't even really finish it.......more