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The former CEO of one of the few banks that did not need the TARP bailout explains the ways banks and banking regulators failed to protect the rest of us from, and actually caused, the crash of 2008. A fascinating insider's viewpoint on US banking. Quite, quite obvious the author is a big fan of Ayn Rand, long before he said so himself.
2 of 2 people found this review helpful
I'm an economics PhD. student who has been interested in the crisis for years but who, at the same time, hasn't been able to read a comprehensive and fact-based book on it.
I like the pace at which John Allison explains things, relating abstract principles to daily financial events.
I consider that both his explanations for the crisis and potential cures from it are creative and to the point (and very different from what it is taught in classrooms, because he is willing to say what PhDs aren't brave enough to tell).
The reading by Sklar is excellent, a good reader understands what he is reading and communicates it, for which Alan Sklar is very good.
I recommend this book to anyone who is willing to know the story of the crisis and what should an can still be done.
1 of 1 people found this review helpful