“For the last two years I've been receiving requests -- emailand otherwise -- for a readable, educating book on the financialcrisis. And while various books on the crisis have had theirmerits, no one of them has fit that bill. Until now. Robert Pozen'sToo Big to Save? How to Fix the U.S. Financial System is the singlebest source for figuring out what happened. It is the go-to book ifyou are a non-specialist and want to understand: how credit defaultswaps work, the significance of Basel II, mark-to-market, how thevarious Fed bailouts operated, the meaning of the toxic assetplans, and many other matters.” http://www.marginalrevolution.com
"Should be required reading on Capitol Hill."
—Kevin Hall, McClatchy Newspapers
"Pozen’s book offers significantly more than a factualrecitation of events leading up to and during the credit crisis.Beyond that, it offers a comprehensive framework for analysis andconcrete proposals for appropriate regulatory responses. Broadly,Pozen’s aim is not – or not only – to tell thestory of the crisis, but rather to analyze how the crisis canilluminate and inform the appropriate relationship betweengovernment and financial markets. Pozen describes specificregulatory innovations intended to keep pace with the speed andcomplexity of financial innovation. He offers, that is, theanalysis sorely lacking in more journalistic accounts of thecrisis. In that regard, his book is one of the few in the growingliterature arising out of the crisis that should inform any seriousdiscussion of new financial regulation."
—Alisa Greenstein, The Hedge Fund Law Report, October2009
"Pozen seems to be right (or at least in broad agreement withme) the overwhelming majority of the time. And as you can also see,he makes a lot of recommendations, on everything fromaccounting standards to insurance regulation. Tyler Cowen is quiteright to give the book a rave review."
—Felix Salmon, blogs.reuters.com/felix-salmon,November 2009
"This is a book for investors who want to understand the detailsof our financial landscape, and who also want to consider argumentson restricting mortgage-lending practices, whether financialderivatives and hedge funds should be regulated or the revival ofloan securitization, among others." (SmartMoney, November 2009)
“There has not been a more timely and important bookwritten this decade. … In summary, Too Big to Save iscomprehensive, rigorous, and descriptive as well as prescriptive.The US economy is too important a global player to be ignored, andPozen’s analysis in ‘Too Big Too Save’ is tooimportant to not be read. This book is truly a gem and a stronglyrecommended read.”
—Sean Cameron, The Harvard Law School Forum on CorporateGovernance and Financial Regulation ( http://blogs.law.harvard.edu/corpgov, November 2009
“The best finance book I've read so far this year (andI've read a slew of them) is Robert C. Pozen's Too Big to Save? Howto Fix the U.S. Financial System. … I can't think of anybodywho has covered such a range of issues so efficiently or sowell.” (Brad DeLong, ( http://delong.typepad.com,November 2009
"TOO BIG TO SAVE? asks and answers the questionsweighing on every American's mind...a highly readable andwell-paced narrative...a valuable guide to a wide audience ofreaders, from American voters who felt disenfranchised by theevents of September 2008 and are looking for an accessible resourceto further inform their perspective, to professionals who seek asingle source for an engaging account of the crisis and itsimplications for businesses today and tomorrow."
—Elizabeth Leonard, Forbes.com, December 2009
"University economists are already teaching courses on thehistory of the financial crisis of 2008 and the policy responsesthat followed. Robert Pozen's new book could become requiredreading."
—Ross Kerber, Reuters, December 2009
"To command the weary reviewer’s attention, any new bookon the aberrations of the financial community has to have a clearfocus and make a compelling case. In Too Big To Save? RobertPozen, chairman of mutual fund group MFS Investment Management anda former vice-chairman of Fidelity Investments, pulls off thetrick. … The story of excessive risk-taking and leverage islucidly told and accessible to the layman, with good explanationsof securitisation, toxic structured products and the globaldimension of the crisis. The policy recommendations are thoughtfuland mostly full of good sense."
— John Plender, Financial Times, February 2010
"The first thing one can see from the book is how much of agenius Robert Pozen is. He has a clear grasp on many complex issuesfacing the US and world economy. Too Big to Save? isprobably the best book about financial reform written sofar."
—Jacob Wolinksy, GuruFocus.com, February 2010
"... thorough, intelligent and straightforward ..."
—Jim McTague, Barron's, March 2010
"While there are many books on the financial crisis, too many ofthem say too much about what went wrong and not enough about how tofix the problem. Bob Pozen's book Too Big toSave? (Wiley, 2009) breaks the mold. It not only analyzesthe causes of the crisis with uncommon clarity, but also supplies acompelling road map for reform."
—Stephen J. Hadley, Harvard Business Review, March 2010
"If you’re only going to read one book on the financialcrisis, this should be the one."
— Matthew Rees, The American, May 2010