Too Big to Save? How to Fix the U.S. Financial System

Praise for Too Big to Save?

"When Bob Pozen talks, people listen—with good reason. This book is full of wisdom about the flaws in our financial system that let the crisis develop and, more important, detailed prescriptions for fixing it. Read it. Then keep it on your desk as a reference."
—Alan S. Blinder, former vice chairman, Federal Reserve Board, and Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Princeton University

"In an era of specialized books about the financial crisis, Bob Pozen's is a sparkling exception. In plain English, he explains to the intelligent reader how we got into this financial mess, assesses steps taken by government, and prescribes practical ways to prevent a future crisis. Bob Pozen is one of the nation's most thoughtful and responsible financial leaders. If you are looking for one book to sort out the financial crisis, start here!"
—David Gergen, Professor, Harvard Kennedy School, and Senior Political Analyst, CNN

"This book is not only a detailed yet thoroughly lucid and accessible study of the financial crisis; it is also, and more important, the best critique I have seen of the government's responses to the crisis and its recent blueprint for financial regulatory reform."
—Richard A. Posner, U.S. Circuit Judge and author of A Failure of Capitalism: The Crisis of '08 and the Descent into Depression

Expert insights on the future of U.S. finance

Bob Pozen not only identifies the multiple factors causing the financial crisis, but also evaluates the governmental responses so far to this crisis and suggests what actions should be taken to prevent future crises. He focuses on four issues:

• Why revival of the loan securitization process isimportant to the American recovery
• How the Treasury should decide which financialinstitutions should be recapitalized
• Why mega banks need a much smaller and strongerboard of directors
• How the monitoring of systemic risks should be integratedwith an enhanced system of financial regulation