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The CSFI is to be congratulated on this timely compendium of greybeard wisdom. Warning voices with long experience were paid too little attention in the build up to the credit crunch. Perhaps they can now help clear up the mess. --Martin Dickson, Deputy Editor, Financial Times
If ever there was a time when the knowledge and experience of previous generations was needed, this must be it. The CSFI has performed a terrific service in pulling together the thoughts of a wealth of past officials, bankers and economists. It will repay reading and rereading by the current generation of practitioners, policymakers and commentators. --Paul Tucker, Deputy Governor, Financial Stability, Bank of England
All financial crises are different, and attempts to apply patent remedies from the past to the current one are unlikely to be successful. But there are nonetheless important lessons to be learnt from previous disasters. These essays, - by people who have been there, done that, and have wardrobes full of the t-shirts - distill the lessons in a succinct and entertaining way. Together, they amount to a very useful contribution to the debate. --Sir Howard Davies, Director, London School of Economics
If ever there was a time when the knowledge and experience of previous generations was needed, this must be it. The CSFI has performed a terrific service in pulling together the thoughts of a wealth of past officials, bankers and economists. It will repay reading and rereading by the current generation of practitioners, policymakers and commentators. --Paul Tucker, Deputy Governor, Financial Stability, Bank of England
All financial crises are different, and attempts to apply patent remedies from the past to the current one are unlikely to be successful. But there are nonetheless important lessons to be learnt from previous disasters. These essays, - by people who have been there, done that, and have wardrobes full of the t-shirts - distill the lessons in a succinct and entertaining way. Together, they amount to a very useful contribution to the debate. --Sir Howard Davies, Director, London School of Economics
Review
"The CSFI is to be congratulated on this timely compendium of greybeard wisdom. Warning voices with long experience were paid too little attention in the build up to the credit crunch. Perhaps they can now help clear up the mess."
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