Fast-paced and dramatic re-telling of the financial crisis that nearly bought the developed world to its knees. Hank Paulson was without doubt at the absolute epicentre of the recent economic storm, and his account of how he dealt with the greatest financial crisis since the Great Depression will make for absolutely fascinating reading. The book contains all the decisive moments in the economic crisis, including the pivotal meetings with mortgage giants Fannie Mae and Freddie Mac, as well as Paulson's personal recollections of and conversations with President Bush, President Obama, Federal Reserve Chairman Ben Bernanke and current Treasury Secretary Timothy Geithner. As well as detailing the major decisions taken during the height of the crisis, Paulson will also put forth the policies he believes need to be implemented to take us securely into the future.
…the primary, and sizable, contribution of this book is the inside view it affords of the often limited powers of the federal government…While he had the stalwart help of Ben Bernanke and Timothy Geithner, Paulson had to wrestle with more, and more burning, crises than any Treasury secretary in history. Some less-than-perfect decisions were hardly to be avoided. His account bolsters the view that however little he anticipated the bust, he did his earnest best to restore order. And who can deny, as Paulson writes: "It could have been so much worse."
Henry Merritt "Hank" Paulson, Jr. (1946) served under President George W. Bush as the 74th Secretary of the Treasury from June 2006 until January 2009. Before coming to Treasury, Paulson was Chairman and Chief Executive Officer of Goldman Sachs from the time of the firm's initial public offering in 1999. He joined Goldman Sachs Chicago Office in 1974 and rose through the ranks holding several positions including, Managing Partner of the firm's Chicago office, Co-head of the firm's investment Banking Division, President and Chief Operating Officer, and Co-Senior partner.
Prior to joining Goldman Sachs, Paulson was a member of the White House Domestic Council, serving as Staff Assistant to the President from 1972 to 1973, and as Staff Assistant to the Assistant Secretary of Defense at the Pentagon from 1970 to 1972.
Paulson graduated from Dartmouth in 1968, where he majored in English, was a member of Phi Beta Kappa, and an All Ivy, All East football player. He received an M.B.A. from Harvard in 1970.