Nothing Is Too Big to Fail: How the Last Financial Crisis Informs Today By: Kerry Killinger, Linda Killinger | EPUB | 28.08 MiB
March 23rd 2021 | ISBN: 1948122766 | 568 pages
Author: Linda Killinger
Go behind the scenes of the 2008 financial crisis to learn what actions led to one of the worst recessions in history, and how, without focused action from the US government and leading organizations, we may be on track to repeat our same mistakes.
In 2008, the American economy collapsed, taking with it millions of Americans’ jobs, homes, and life savings. The impending financial crisis was devastating, and many are still feeling its effects today.
Though the crisis was debilitating, the US government has yet to implement policies that would prevent a repeat of the Great Recession. The middle class continues to shrink, escalations in racial injustices prevail, and distrust of the government grows by the day. And with the country’s current fiscal policies, our economy is in a fragile place, barely strong enough to survive a shock caused by an international conflict, a cyberattack, or a global pandemic, like COVID-19.
Written by the former CEO of Washington Mutual Bank and the former vice chair of the Federal Home Loan Bank of Des Moines, Nothing Is Too Big to Fail holds a microscope to the very policies and corruption that led to this major economic recession. Authors Kerry and Linda Killinger warn that, without significant institutional change, the country has created asset and debt bubbles that could burst at any time.
No institution, government, or country is “too big to fail.†But by learning from our past mistakes and taking action to ensure our country’s businesses and government officials maintain proper fiscal responsibility, we can return our country’s economic system—and in turn, our democracy—to one that is secure.
All proceeds of this book will be donated to charity to aid in criminal and social justice, government reform, civil discourse, and community building.
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