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Customer reviews

4.6 out of 5 stars
11
4.6 out of 5 stars


on 17 December 2014
Mildly interesting but forgettable (bit of new gossip but otherwise old stuff by now)
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TOP 1000 REVIEWERon 15 July 2014
The emphasis of this excellent financial diary is mainly confined to the frantic attempts between 2008 and 2010 by the UK Treasury to stave off the bankruptcy of major parts of the banking industry which would have caused untold havoc, misery and hardship to the economy.

It takes the reader on the roller coaster stress loaded white knuckle ride of Alistair Darling, The Chancellor, his senior civil servants and government team, myriad of Investment Banker advisors, and, of course the inevitable teams of lawyers, in their frantic efforts to stabilise the financial system. It is gripping stuff that puts the reader in the front stalls of this, perhaps one of the most critical moments in British Economic History, one which if not satisfactorily resolved would have brought the country to it's knees.

Hugh Pym, displays his immense experience as an investigative journalist, author and broadcaster, in producing this excellent book, a masterpiece of good easy readable economic history.

Will any lessons be learnt from this frightful episode for the future? No, of course not, within a relatively short space of time the credit shackles will loosen, the bankers will run riot again in pursuit of fast illusory profits which bring huge bonuses, and the Politicians and Regulators will be bamboozled yet again. And we all know that the Taxpayers will pick up the tab. Pathetic isn't it?
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on 30 August 2017
A marvellous insight, written and explained well, excellent for reference for those that work in these circles, and a very good read, for those with a passing interest
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on 23 June 2014
Much enjoyed; while the author is happy explaining the technicalities of the 2007-2008 financial crises, he shines boldest with a fascinating portrayal of the seemingly often chaotic activities of the ambitious and foremost figures from the Treasury, Bank of England, Financial Services Authority and banks, set against a backcloth of grand houses, fine wines, takeaway food and their own neuroses, and in critical days grappling to restore stability.

Initially it seems a very twenty-first century story, yet also on closer inspection it probably mirrors that of most societies over the centuries where leading officials suddenly find their position overrun by an unanticipated adversity. The preparations for crisis had, yes, been begun but never completed, thus rendering them useless, and the response particularly in 2007 was an improvisation.

The top people do mainly their stuff, although their effectiveness is doubtless impaired by having at least one keen eye, more often two, permanently glued to the 24 hour media cycle and also on each other, fearing sudden downfall by negative briefing. Immediate calamity is avoided, although the taxpayer suffers.

There are many insights into 2000s (and 2010s) government here, not least one leading banker who refuses to attend actual meetings in Whitehall because he won't have his picture taken for fear of being seen as an apparent supplicant... great reading.
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on 16 July 2014
Unlike many books on the banking crisis I have read, this was an enjoyable book to read, particularly to a layman like myself.
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on 19 December 2016
Interesting insight into what happened in Whitehall during the banking crisis. Rather than focus on one bank it describes events as they occurred and the true extent of the crisis.
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on 22 July 2014
A good read with insight on the main participants of the Bail Out 2008 .Chapters 4 & 5 are gripping with a real sense of the immediacy
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on 25 June 2016
I bought this book as a present. They said it was an excellent read.
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on 7 February 2016
Quality and condition excellent no faults whatsoever!
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on 30 June 2015
Good interesting read
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