“Too Big to Save?” — As the chairman of MFS Investment Management, author Robert Pozen has a keen sense of global finance. The subtitle explains his mission, “How to Fix the U.S. Financial System.” Tackles all things technical, from insurance-like credit default swaps to money markets and short selling of stocks … A tough but valuable read for anyone who’s interested in how America gets out of its financial mess. Should be required reading on Capitol Hill.
Category Archives: Book Reviews
GMU’s Tyler Cowen on “Too Big To Save”
Professor Tyler Cowen reviews *Too Big to Save*, by Robert Pozen:
“Robert Pozen’s Too Big to Save: How to Fix the U.S. Financial System is the single best source for figuring out what happened. It is the go-to book if you are a non-specialist and want to understand: how credit default swaps work, the significance of Basel II, mark-to-market, how the various Fed bailouts operated, the meaning of the toxic asset plans, and many other matters.”