This is my ninth book review on the Financial Crisis. To see my previous book reviews view my previous articles. My Most recent Book is TitledToo Big to Save? How to Fix the U.S. Financial System by Robert Pozen.
Robert Pozen has worked in numerous roles in the Government and private Sector. He is currently chairman of MFS Investment Capital, which manages more than $170 billion in assets for mutual funds and pension plans. He is also a senior lecturer at Harvard Business School. He also worked many years at Fidelity investments and held a senior position at the company. Pozen also played a role in Government which included working for the SEC, President Bush’s commission to strengthen social security and under Mitt Romney as Secretary of Economic Affairs. Robert Pozen’s opinions deserve serious attention. In late 2008, Pozen was rumored to be on the short list for SEC chairman.
The first thing one can see from the book is how much of a genius Robert Pozen is. He has a clear grasp on many complex issues facing the US and world economy. Too Big to Save is probably the best book about financial reform written so far.
The book consists of several parts. Too Big to Save off starts with an explanation of the housing slump and financial crisis. Robert Pozen then discusses the impact the crisis had on stocks bonds, and money market accounts. Robert Pozen provides the readers with an in depth analysis of TARP. Pozen ends off the book with the future of the American Financial system.
To read the Rest of the review see my column on GuruFocus.com Too Big To Save Book Review
To purchase the book on Amazon.com click on the following linkToo Big to Save? How to Fix the U.S. Financial System
My next book review will beMr. Market Miscalculates: The Bubble Years and Beyond by James Grant. Following that I will be reviewingOn the Brink: Inside the Race to Stop the Collapse of the Global Financial System by former Treasury Secretary Henry Paulson. I am very interested to hear Hank Paulson’s account of the financial crisis.
Disclosure: New FTC guidelines require me to disclose I have a material connection because I received a free copy of the book to review.
Video of Robert Pozen discussing Too Big To Save.