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Copyright 2010 by Henry M. Paulson, Jr.
Foreword copyright 2011 by Barney Frank
Five Years Later copyright 2013 by Henry M. Paulson, Jr.
All rights reserved. In accordance with the U.S. Copyright Act of 1976, the scanning, uploading, and electronic sharing of any part of this book without the permission of the publisher is unlawful piracy and theft of the authors intellectual property. If you would like to use material from the book (other than for review purposes), prior written permission must be obtained by contacting the publisher at permissions@hbgusa.com. Thank you for your support of the authors rights.
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Second ebook edition: September 2013
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ISBN 978-1-4555-8247-1
Praise for
O N THE B RINK
The first lengthy account of the crisis from a key decision maker. The book offers a look at Paulsons thinking during those scary days, as well as his sometimes unvarnished opinions of other Washington characters, many of whom had central roles in managing the governments response.
Dallas Morning News
A fantastic read succinct and to the point.
Business Insider
Mr. Paulson provides a fascinating, frank, and dramatic account of the alternatives he weighed, the obstacles he encountered, the decisions he made, and the consequences that ensued.
Pittsburgh Post-Gazette
Straightforward fascinating tidbits about the electoral politics surrounding the financial crisis Mr. Paulsons details give the lay reader an insiders view and shed some light on a convoluted financial system desperately in need of repair.
Washington Times
A fast-paced retelling of the high-level decisions that had to be made with lightning speed in order to keep the economy from falling apart.
National Public Radio
[The] first in-depth peek inside the financial crisis as told by one of the principals on the U.S. governments firefighting team What lessons does the book hold? Perhaps a few that remain relevant for the current occupant of the Oval Office, President Obama.
Christian Science Monitor
An intimate account of Americas 2008 financial collapse from the perspective of someone who occupied the inner chambers of the White House.
Good Morning America, ABC News
A compelling narrative a candid, behind-the-scenes view informative and told in a nonpartisan tone, but it also lays bare the powerful egos and personalities that were central to the process lays out very clearly the interconnected nature of the global financial system.
Louis Buck, Wesley Elingburg Distinguished Professor of Business Innovation, Western Carolina University; Asheville Citizen-Times (NC)
A canny book a narrative that moves so briskly effectively nails its major point: the shock and unprecedented quality of the evolving crisis and yes, the fortitude and heroism of its major players, including Paulson And he deserves more credit than hes getting.
thedeal.com
Describes how essential it was to rescue the financial system The book also has very revealingand rivetingdetails about presidential character.
Sacramento Bee
Throughout the book Paulson truly shines people should consider hearing the events from Paulsons point of view not only because it is fascinating, but because it is only fair to hear the events from Paulson himself.
gurufocus.com
Paulsons disclosures help flesh out one of the more perplexing mysteries of the 2008 bailout package.
alternet.org
A fast-paced account of the cardiac-inducing events of that fall thorough.
DailyFinance.com
For Wendy
CONGRESS
- R EP . S PENCER B ACHUS (R-Alabama), ranking Republican on the House Committee on Financial Services
- S EN . M AX B AUCUS (D-Montana), chairman of the Senate Committee on Finance
- R EP . R OY B LUNT (R-Missouri), House minority whip
- R EP . J OHN B OEHNER (R-Ohio), House minority leader
- S EN . J IM B UNNING (R-Kentucky), member of the Senate Committee on Banking, Housing, and Urban Affairs
- S EN . H ILLARY R ODHAM C LINTON (D-New York)
- S EN . C HRISTOPHER D ODD (D-Connecticut), chairman of the Senate Committee on Banking, Housing, and Urban Affairs
- R EP . R AHM E MANUEL (D-Illinois), chairman of the House Democratic Caucus; later chosen as chief of staff by President-elect Barack Obama
- R EP . B ARNEY F RANK (D-Massachusetts), chairman of the House Committee on Financial Services
- S EN . L INDSEY G RAHAM (R-South Carolina), national campaign co-chairman for Sen. John McCain
- S EN . J UDD G REGG (R-New Hampshire), ranking Republican on the Senate Committee on the Budget
- S EN . M ITCH M CCONNELL (R-Kentucky), Senate minority leader
- R EP . N ANCY P ELOSI (D-California), Speaker of the House
- S EN . H ARRY R EID (D-Nevada), Senate majority leader
- S EN . C HARLES S CHUMER (D-New York), vice chairman of the Senate Democratic Conference
- S EN . R ICHARD S HELBY (R-Alabama), ranking Republican on the Senate Committee on Banking, Housing, and Urban Affairs
FINANCIAL LEADERS AND THEIR ADVISERS
- J OSEF A CKERMANN, chairman of the management board and CEO of Deutsche Bank
- H ERBERT A LLISON, J R. , chairman and CEO of TIAA-CREF; later president and CEO of Fannie Mae
- L LOYD B LANKFEIN , chairman and CEO of Goldman Sachs
- W ARREN B UFFETT, chairman and CEO of Berkshire Hathaway
- H. R ODGIN COHEN, chairman of Sullivan & Cromwell
- M ERVYN D AVIES, chairman of Standard Chartered Bank
- J AMES D IMON, chairman and CEO of JPMorgan Chase
- J. C HRISTOPHER F LOWERS , CEO of J.C. Flowers & Company
- R ICHARD F ULD , chairman and CEO of Lehman Brothers
- E DWARD H ERLIHY, co-chairman of the executive committee of Wachtell, Lipton, Rosen & Katz
- J EFFREY I MMELT, chairman and CEO of General Electric
- R OBERT K ELLY, chairman and CEO of Bank of New York Mellon
- R ICHARD K OVACEVICH, chairman of Wells Fargo
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