E-Book Overview
In part: "And what about the government's bailout of Goldman Sachs and other creditors of financial giant American International Group? Pozen characterizes those as 'unjustified gifts by the U.S. Government [Bush administration] to the most sophisticated investors in the world, who made bad judgments.'"
E-Book Content
FFOREWORD O RE WO R D BYY
ROBERT J. SHILLER, YYAA LLEE UUNIN I VER V ERSS IITT Y
TOO
BIG TO
SAVE? HOW T O F I X T HE
U.S. F INANCIAL S YS T EM
ROBERT POZEN CHAIRMAN OF MFS INVESTMENT MANAGEMENT®
Additional Praise for Too Big to Save? “Americans need to understand the financial crisis shaking this country. Bob Pozen offers a great guide to inner workings gone wrong and a clear agenda for getting the system right again. Read this book and understand.” —Tom Ashbrook, Host of NPR’s On Point “Bob Pozen is among the most knowledgeable and thoughtful commentators on America’s financial system today. Based on decades of practical experience and years of penetrating analysis, his book Too Big to Save? presents new ideas that should be essential reading for laymen and experts alike, especially our top policy makers.” —Jeffrey E. Garten, Juan Trippe Professor of International Finance and Trade,Yale School of Management; Former Undersecretary of Commerce, Clinton Administration “America’s financial system is sorely in need of fundamental reform, and the aftermath of the recent crisis represents a historic opportunity to do something about it. Too Big To Save? is full of the kind of knowledge-based common sense that only someone with Bob Pozen’s rich background of experience in the securities industry is likely to bring to today’s debate about what to do and who should do it. The country will stand a better chance of getting these reforms right if everyone pays attention to his thinking.” —Benjamin M. Fried