- Paperback: 256 pages
- Publisher: Random House Business Books (3 July 2008)
- Language English
- ISBN-10: 1847940080
- ISBN-13: 978-1847940087
- Product Dimensions: 23.2 x 14.8 x 2.2 cm
- Average Customer Review: 4.5 out of 5 stars See all reviews (6 customer reviews)
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Amazon Bestsellers Rank:
404,262 in Books (See Top 100 in Books)
- #65 in Books > Business, Finance & Law > Accounting > Governmental
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Product Description
City AM
FOUR STARS 'A compelling and clear narrative about the financial crisis and its implications, skilfully providing simple explanations of technical banking concepts without patronising his readers'
Observer, 3 August 2008
`... he brings a journalist's relish to his task of revealing everything you wanted to know about the credit crunch but were too afraid to ask ... vivid ... fascinating ... reads like a thriller'
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Customer Reviews
Most Helpful Customer Reviews
7 of 7 people found the following review helpful
If ever anyone wanted to know what the `credit crunch` was all about then look no further than this offering from `The Daily Mail`s`chief economic journalist- alex brummer.
The book explains how, why and who were the main protagonists in this unfolding financial drama.
From the background of Northern Rock`s woes to the exploits of jerome kerviel at societe general, all points are candidly covered in brummer`s typical style of writing.
There is even a glossary of financial jargon, which detail the often mysterious terms used by the professionls, expained in every-day english.
Well worth the money!
The book explains how, why and who were the main protagonists in this unfolding financial drama.
From the background of Northern Rock`s woes to the exploits of jerome kerviel at societe general, all points are candidly covered in brummer`s typical style of writing.
There is even a glossary of financial jargon, which detail the often mysterious terms used by the professionls, expained in every-day english.
Well worth the money!
7 of 7 people found the following review helpful
Feeling the pinch of the credit crunch? So were Northern Rock, and foolishly, they chose to deal with it by hoarding funds, with disastrous repercussions. Alex Brummer's thorough and engagingly written account blows the whistle on the scandal of the troubled British bank.
This is the book Northern Rock didn't want you to read and Brummer's tight, journalistic style makes this an expose you can't afford to miss.
This is the book Northern Rock didn't want you to read and Brummer's tight, journalistic style makes this an expose you can't afford to miss.
4 of 4 people found the following review helpful
An often excoriating take on the current plight of the financial services industry, which takes the Northern Rock fiasco as a starting point for an examination of the wider picture.
There is definitely a right-wing slant to what is said, but this book is valuable for its readability and in particular its refusal to lose itself in financial jargon; instead, it makes complicated matters clear to the layman.
There is definitely a right-wing slant to what is said, but this book is valuable for its readability and in particular its refusal to lose itself in financial jargon; instead, it makes complicated matters clear to the layman.
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Most Recent Customer Reviews
ROCK'N'CREDIT CRUNCH
A competently explained appreciation of the lead up to the drying up of inter-bank lending aka The Credit Crunch which led to the downfall of Northern Rock and it's subsequent... Read more
Published 8 months ago by DOPPLEGANGER
Regulatory Failures and Political Incompetence
While the prime responsibility for the collapse of Northern Rock lies with the financial community the crucial factor facilitating the crisis was the economic ineptitude of New... Read more
Published 21 months ago by Neutral
Very useful account of the crisis
Alex Brummer, the Daily Mail's City Editor, has produced a valuable account of the origins of the crisis. Read more
Published on 13 Nov 2008 by William Podmore
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