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On the Brink: Inside the Race to Stop the Collapse of the Global Financial System

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Most Helpful Favorable Review

2 out of 2 people found this review helpful.

Paulson's first person account and a person to person basis of telling the story makes it compelling to read of what transpired leading up to rescuing the US financial system from the brink of collapse

Paulson's use of the first person account in writing the book makes it compelling to read like you are actually there walking with him or seating on those conference calls that lead to the decisions to take over Freddie Mac and Fannie Mae or on the collapse of Lehman B...
Paulson's use of the first person account in writing the book makes it compelling to read like you are actually there walking with him or seating on those conference calls that lead to the decisions to take over Freddie Mac and Fannie Mae or on the collapse of Lehman Brothers. His account of being on a first name basis with China's head of Central Bank ( of the Communist People's Republic)- "YOUR" "US/American" biggest creditor which now holds the US in its hands, and this make you really wonder that being friends with people really does help in the long run and his enumeration of a lot of people that he talked to or consulted.

Paulson did mention that he studied literature that's why he did get to put this together, as he said he doesn't make notes. His account of meeting Bush the first time, or that his wife was a Hillary Clinton supporter, and that his mother hated Bush, make such account personal and interesting.

I did study economics in college, but like everybody else, you do that to fill those gaps of so called "college years" but it does make you realize and understand how did this happen the rest of us ordinary mortals would have no interest in understanding except when your house is already up for foreclosure or your 401K has been diminished or wiped out, or ask why does the US (supposed to be the richest country in the world) have to borrow from China.

posted by 3020939 on March 6, 2010

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Most Helpful Critical Review

3 out of 6 people found this review helpful.

Hiding in Plain Site

Sorry. Mr. Paulson doesn't quite pull it off. And, as much as he would like to illuminate, he simply comes off as trying to distance himself from the high finance bad boys who brought us to this sorry economic state. One of my philosophy professors many years ago descri...
Sorry. Mr. Paulson doesn't quite pull it off. And, as much as he would like to illuminate, he simply comes off as trying to distance himself from the high finance bad boys who brought us to this sorry economic state. One of my philosophy professors many years ago described capitalism as "regulated greed." It was not a judgement on capitalism as much as simple message that greed, while a motivating force at the base of our economic system, requires a watchful eye. Out of control greed will always lead to distaster. That's a simple lesson our well-educated, well-heeled author simply fails to state. The reader needs to be reminded that he was all for as little regulation as possible when it served his purposes. I would recommend Mr. Paulson sign up for a remedial course in ethics. Oh, and a course in writing would help, too.

posted by babyman on March 13, 2010

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