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1 of 3 people found the following review helpful
on September 27, 2010
Format: HardcoverVerified Purchase
Good history how the greed of individuals screwed the rest of us and they got to walk away with millions.
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0 of 2 people found the following review helpful
on September 1, 2010
Format: Hardcover
Very interesting first person account of the financial crisis that brought the world to the brink of disaster. I found this book to be a fascinating account and very fast read.
What's new? Nobody saw the crisis in its full dimensions coming and I think that is something the average American just doesn't understand. Paulson's account of the disasters that would not quit is amazing coming from a man that spent his adult life living and breathing the very system that was crumbling around him at a frenetic pace. I got a real sense of the extreme danger the entire system was in; basicly in danger of killing itself by its very nature. Thankfully Paulson and his able staff, although amazed at what was happening, understood that political ideology had to bend to the market need. Thankfully also, George W Bush stepped up to support his Treasury Secretary fully and with only minor reservations for politics. Recommended.
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3 of 7 people found the following review helpful
on March 6, 2010
Format: HardcoverVerified Purchase
Having read "Too Big to Fail" before reading "On the Brink", I was well aware that Paulson was the highest paid CEO on Wall Street in 2005 and that when he sold his Goldman stock to move to Treasury, his tax break on the sale was over $100 million. Paulson is a wealthy and extremely powerful man. I was unprepared for his attempts to portray himself as an oatmeal-eating "everyman", eating toast from an ancient toaster (because it still works)as he got up in the morning dressed in his boxers and t-shirt! Hank, you're never going to be like me! Don't try.
Paulson goes through the blow-by-blow account. I learned some new details that escaped me at the time but was left with the feeling that I never got close to understanding his true feelings or frustrations. He comes across and just too nice and the book is too superficial.
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0 of 1 people found the following review helpful
on July 11, 2014
Format: HardcoverVerified Purchase
Great book, must read.
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23 of 40 people found the following review helpful
on February 13, 2010
Format: Hardcover
This reads like a self-serving excuse list for Paulsen. I was very disappointed in the lack of cogent reasons provided for what he did in the bailout, and the writing was no great shakes either. A big let-down.
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0 of 2 people found the following review helpful
on October 22, 2011
Format: HardcoverVerified Purchase
This is fair overview of the latest financial failure. I am sure there are other books that go into greater detail. Paulson is far too "diplomatic" here. There is even a short auto-biography
included!

You can't tell me they did not know how this scheme would unravel when they were setting it up. Moral hazard indeed.

The worst part is the fact there have been few if any safe guards erected to stop FUTURE tax payer rip offs occurring. WE will get another dose soon. Spectacular short term profits and long term misery.

That this can go on is clearly and plainly the fault of the American people. NO ONE ELSE CAN STOP IT.
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0 of 2 people found the following review helpful
on January 13, 2013
Format: HardcoverVerified Purchase
I loved this book. If you want a minute by minute account of the financial crisis of 2008 as it happened, get this. I like the audio books because I can listen to them when I'm driving. It was fantastic. I found myself mesmerized by the story telling and the events as they unfolded. I felt like I was taking that nasty ride once again. Sent chills up my spine at times. Essential reading if your quest is factual knowledge on the subject. It dispels many rumors and myths about that time period. Its directly from the man who was there. I can't speak highly enough about this book. It was fantastic.
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0 of 2 people found the following review helpful
on November 16, 2010
Format: Hardcover
I loved this book. As a liberal woman who is just starting to grasp Americas financial institutions, I read this book with great passion. I could not put it down. I was pleasantly surprised and even almost felt a "tiny bit sorry" for President Bush. I absolutely recommend this book especially to those who want to learn more about this topic...
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1 of 4 people found the following review helpful
on October 10, 2010
Format: Hardcover
I found this one of the best looks at the 08 financial crisis, and I got more out of it than from other books, such as the well-regarded "Too Big to Fail" by the NYT's Andrew Ross Sorkin. Paulson's book teems with fascinating details, leavened with a few glimpses of his normal life outside the office. He has very kind words for how George W. Bush handled things, not surprisingly since Bush was his boss. Still, I felt this was honest non-partisan praise for Bush who got unfairly blamed for wrecking the economy at the end of his terms when the fault clearly lay elsewhere, including most especially people who bought homes they could not afford and lenders who gave them the money when they should not have. This is a layman's book, contrary to those who say it's too boring. Read this for a well told tick tock of that awful 08 autumn when we all nearly lost our shirts.
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1 of 4 people found the following review helpful
Format: Hardcover
If books about the 2008 financial collapse are starting to run together in your mind, rest assured that former Treasury Secretary Henry M. Paulson Jr.'s memoir is unique. In the first account by a high-ranking government official, Paulson lets out some juicy details. He describes the dry heaves and insomnia he suffered throughout the crisis, his pithy banter with President George W. Bush and his irritation with the ever-perky Sarah Palin. Even so, readers get the sense from his carefully scrubbed copy that Paulson is holding back. Alas, you may have expected as much - loose lips don't help one become Treasury secretary or CEO of Goldman Sachs (his former job). Still, this memoir is enlightening for his personal perspective. getAbstract recommends it to taxpayers and policy makers seeking insight into the interactions of Washington and Wall Street.
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