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1 of 1 people found the following review helpful
5.0 out of 5 stars INSIGHTFUL & INTERESTING
Alex Brummer knows his way around the financial maze which he well demonstrates in 'The Crunch: How Greed and Incompetence Sparked the Credit Crisis' by recounting and reflecting on the dire financial shenanigans that befell the global credit channels immediately before and after August 7th 2007 focusing particularly on Northern Rock.

Whilst told in a gripping...
Published 23 months ago by DOPPLEGANGER

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0 of 1 people found the following review helpful
3.0 out of 5 stars Interesting but not the best
I read this book directly after finishing "Too Big to Fail: Inside the Battle to Save Wall Street" and I think it compliments that book from a UK perspective. Though if you only want to buy one book on this subject go for "Too Big To Fail".
Published on 29 Jun 2010 by grenerousgrace


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1 of 1 people found the following review helpful
5.0 out of 5 stars INSIGHTFUL & INTERESTING, 15 Nov 2012
By 
DOPPLEGANGER (TEDDY B) - See all my reviews
(TOP 500 REVIEWER)   
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This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
Alex Brummer knows his way around the financial maze which he well demonstrates in 'The Crunch: How Greed and Incompetence Sparked the Credit Crisis' by recounting and reflecting on the dire financial shenanigans that befell the global credit channels immediately before and after August 7th 2007 focusing particularly on Northern Rock.

Whilst told in a gripping and compulsive manner that makes putting the book down difficult, the author does not achieve this by 'dumbing' the story down. On the contrary the reader is given a very good grounding in the mechanisms, politics and economics of so-called high finance although this term has now become somewhat without much public approbation as a consequence of the revelations of greed, stupidity, and criminal practices prevalent among the top bankers and financiers.

I found the comparisons of approach during the Credit Crunch Crisis, between the US Federal Reserve, the European Central Bank and The Bank of England particularly interesting and informative, clearly reflecting that our own Bank of England was caught somewhat unawares and, therefore slow off the mark in heading off the Northern Rock collapse through lack of depositor confidence. A faster, more positive and helpful response might well have saved the later nationalisation of the Rock and a huge dollop of the UK taxpayers loot as well as the knock-on effect on other similar entities.

It is appreciated that a number of books dealing with this period of financial upheaval have been published and I have read quite a few of them although most concentrate on US institutions whereas this book is very much UK orientated, but this is certainly one of the pick of the bunch, and a great read.

Thoroughly recommended and should be on the required reading list of all students of finance, banking, accountancy, business studies etc.
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4 of 5 people found the following review helpful
5.0 out of 5 stars Great., 17 Mar 2009
This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
This book is great. I was a bit sceptical because it came out so quickly and thought it might have a few too many extreme opinions but although Brummer makes his opinions clear, it is stuffed full of useful definitions, explanations, data and really good explanations of what happened. You do need a basic knowledge of the terms and concepts but once you've grasped them it's great. It's very easy to read whilst still being very informative.
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4.0 out of 5 stars Why the Crunch?, 11 May 2013
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This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
Alex Brummers explanation is readable and telling. Its a pity that those who got away with greed do not appear to have suffered unduly. A good read.
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5.0 out of 5 stars Cannot find a fault, 22 Aug 2012
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This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
Such a comprehensive account of the events of the credit crunch. Bought it some time ago, but only recently got round to finishing it- enjoyed every minute.
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5.0 out of 5 stars Informing and eye opening, 13 Mar 2012
This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
This is a fantastic read and gives a great insight into the origins of what has been a very long and protracted period of uncertainty, low growth and economic peril for the world. I would highly recommend it to people looking to develop their knowledge and understanding of these important events which continue to have repercussions our lives today. I particularly enjoyed the focus of the book on the beginning stages of the crisis and events that happened in the 1990's and early noughties. Definitely well worth a read.
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2 of 3 people found the following review helpful
4.0 out of 5 stars A decent read, 20 May 2009
This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
In my view, this book is a pretty good read. It sets out in easy-to-understand language how the credit crunch happened and fills in some of the detail the media couldn't report because it would have taken too much air time. An interesting read.
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0 of 1 people found the following review helpful
3.0 out of 5 stars Interesting but not the best, 29 Jun 2010
This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
I read this book directly after finishing "Too Big to Fail: Inside the Battle to Save Wall Street" and I think it compliments that book from a UK perspective. Though if you only want to buy one book on this subject go for "Too Big To Fail".
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2 of 8 people found the following review helpful
1.0 out of 5 stars Bla bla, 10 April 2010
By 
Andrea Pinna (London, UK) - See all my reviews
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This review is from: The Crunch: How Greed and Incompetence Sparked the Credit Crisis (Paperback)
Just another book "chatting" about the 2007 financial crisis. It doesn't improve the understanding of any FT reader.
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