On The Brink / Hank Paulson

This is one of the best books ever to review the Financial Crisis in 2007-2008. The author, Henry Merritt "Hank" Paulson, Jr. served as the 74th United States Secretary of the Treasury from July 10, 2006 to January 20, 2009 during the George W. Bush administration (2001-2008). Before that, he had served as the Chairman and Chief Executive Officer of Goldman Sachs.

Lessons learned:

1. Global economic imbalance (High consumption in the U.S. backed by high savings of China, Japan, and other countries)

2. Financial regulations do not catch up with the progress of the financial industry

3. Too much leverage, low capital and liquidity.

4. Too-big-to-fail financial institutions

On The Brink: Inside the race to stop the collapse of the global financial system

Hank Paulson

http://www.amazon.com/gp/product/0755360540?creativeASIN=0755360540&linkCode=w00&linkId=K4JVH2AXTV6ZEFHX&ref_=as_sl_pc_qf_sp_asin_til&tag=heofthfi-20

[on Amazon.co.jp]

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