Testimonials
David Gergen, Professor, Harvard Kennedy School; Senior Political Analyst, CNN
“In an era of specialized books about the financial crisis, Bob Pozen’s is a sparkling exception. In plain English, he explains to the intelligent reader how we got into this financial mess, assesses steps taken by government, and prescribes practical ways to prevent a future crisis. Bob Pozen is one of the nation’s most thoughtful and responsible financial leaders. If you are looking for one book to sort out the financial crisis, start here!”
Alan S. Blinder, Former Vice Chairman, Federal Reserve Board, Gordon S. Rentschler
Memorial Professor of Economics and Public Affairs, Princeton University
“When Bob Pozen talks, people listen—with good reason. This book is full of wisdom about the flaws in our financial system that let the crisis develop and, more important, detailed prescriptions for fixing it. Read it. Then keep it on your desk as a reference.”
Richard A. Posner, U.S. Circuit Judge and author of A Failure of Capitalism: The Crisis of ‘08 and the Descent into Depression
“This book is not only a detailed yet thoroughly lucid and accessible study of the financial crisis; it is also, and more important, the best critique I have seen of the government’s responses to the crisis and its recent blueprint for financial regulatory reform.”
Tom Ashbrook, Host of NPR’s “On Point”:
“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.”
Benjamin M. Friedman, William Joseph Maier Professor of Political Economy, Harvard University; Author, The Moral Consequences of Economic Growth:
“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.”
Jeffrey E. Garten, Juan Trippe Professor of International Finance and Trade, Yale School of Management; Former Under Secretary of Commerce, Clinton Administration:
“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.”
Robert E. Litan, Vice President for Research and Policy, The Kauffman Foundation; Senior Fellow, The Brookings Institution:
“There will be many books written about the financial crisis of 2007-09. But if you want to read just one, read this book. Bob Pozen’s account of what went wrong and how to prevent future crises is a tour de force, clearly written for the non-expert and powerfully argued.”
Richard A. Posner, U.S. Circuit Judge and author of A Failure of Capitalism: The Crisis of ‘08 and the Descent into Depression:
“This book is not only a detailed yet thoroughly lucid and accessible study of the financial crisis; it is also, and more important, the best critique I have seen of the government’s responses to the crisis and its recent blueprint for financial regulatory reform.”
Kevin Hall, McClatchy Newspapers
“Should be required reading on Capitol Hill.”
Alisa Greenstein, The Hedge Fund Law Report
“Pozen’s book offers significantly more than a factual recitation of events leading up to and during the credit crisis. Beyond that, it offers a comprehensive framework for analysis and concrete proposals for appropriate regulatory responses. Broadly, Pozen’s aim is not – or not only – to tell the story of the crisis, but rather to analyze how the crisis can illuminate and inform the appropriate relationship between government and financial markets. Pozen describes specific regulatory innovations intended to keep pace with the speed and complexity of financial innovation. He offers, that is, the analysis sorely lacking in more journalistic accounts of the crisis. In that regard, his book is one of the few in the growing literature arising out of the crisis that should inform any serious discussion of new financial regulation.”
Tyler Cowen, marginalrevolution.com
“For the last two years I’ve been receiving requests — email and otherwise — for a readable, educating book on the financial crisis. And while various books on the crisis have had their merits, no one of them has fit that bill. Until now. 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.”



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