Remove ads

Introducing the LemonFools Personal Finance Calculators

2008 Financial crash

Reviews, favourites and suggestions
Leothebear
2 Lemon pips
Posts: 197
Joined: November 4th, 2016, 1:18 pm
Has thanked: 18 times
Been thanked: 62 times

2008 Financial crash

#166297

Postby Leothebear » September 14th, 2018, 12:48 pm

Hi,
Can anyone recommend a good, readable account of the 2008 crisis and subsequent bail out?
Thanks
LTB

Pendrainllwyn
Lemon Pip
Posts: 74
Joined: November 4th, 2016, 9:53 pm
Has thanked: 49 times
Been thanked: 35 times

Re: 2008 Financial crash

#166305

Postby Pendrainllwyn » September 14th, 2018, 12:57 pm

Stress Test by Timothy Geithner. A touch on the long side but he was right in the thick of it - he was president of the Fed until 2009 and then Secretary of the Treasury under Obama until 2013.

A colossal failure of common sense covering the fall of Lehman Brothers is a fascinating read.

Pendrainllwyn

AleisterCrowley
Lemon Quarter
Posts: 2700
Joined: November 4th, 2016, 11:35 am
Has thanked: 522 times
Been thanked: 535 times

Re: 2008 Financial crash

#166344

Postby AleisterCrowley » September 14th, 2018, 2:51 pm

The Big Short (M Lewis) and Fool's Gold (G Tett) are ones i've mentioned on another thread recently - certainly good for 'background'

ReformedCharacter
Lemon Slice
Posts: 549
Joined: November 4th, 2016, 11:12 am
Has thanked: 148 times
Been thanked: 109 times

Re: 2008 Financial crash

#166347

Postby ReformedCharacter » September 14th, 2018, 2:57 pm

AleisterCrowley wrote:The Big Short (M Lewis) and Fool's Gold (G Tett) are ones i've mentioned on another thread recently - certainly good for 'background'

I'd second Gillian Tett's book, Fool's Gold, it's a very good account IMO.

RC

Pendrainllwyn
Lemon Pip
Posts: 74
Joined: November 4th, 2016, 9:53 pm
Has thanked: 49 times
Been thanked: 35 times

Re: 2008 Financial crash

#166359

Postby Pendrainllwyn » September 14th, 2018, 3:32 pm

Yes, Big Short is very good. Highly readable.

Leothebear
2 Lemon pips
Posts: 197
Joined: November 4th, 2016, 1:18 pm
Has thanked: 18 times
Been thanked: 62 times

Re: 2008 Financial crash

#166382

Postby Leothebear » September 14th, 2018, 4:23 pm

Thanks for the info :D

Snorvey
Lemon Quarter
Posts: 1829
Joined: November 4th, 2016, 12:51 pm
Has thanked: 446 times
Been thanked: 582 times

Re: 2008 Financial crash

#166384

Postby Snorvey » September 14th, 2018, 4:31 pm

Wikipedia is always a good starting point. There are various links pointing you in the direction of, say Northern Rock, bank runs, lehmans, the Fed, subprime, quantitative easing and so on.

It's easy to while away an evening once you get started.

AleisterCrowley
Lemon Quarter
Posts: 2700
Joined: November 4th, 2016, 11:35 am
Has thanked: 522 times
Been thanked: 535 times

Re: 2008 Financial crash

#166476

Postby AleisterCrowley » September 14th, 2018, 10:25 pm

I'm doing a lot of shredding prior to moving and have just dealt with my Kaupthing Edge statements... Remember them?
I did OK out of them actually - massive interest rates, and when they went bust it all ended up in ING nice and safe.
Not sure where ING went - they did have a big office in Reading on my commute route, near Oracle and Microsoft

colin
Lemon Slice
Posts: 302
Joined: December 10th, 2016, 7:16 pm
Has thanked: 7 times
Been thanked: 44 times

Re: 2008 Financial crash

#166591

Postby colin » September 15th, 2018, 5:54 pm

Hi,
Can anyone recommend a good, readable account of the 2008 crisis and subsequent bail out?
Thanks
LTB


Boomerang by Michael lewis , who also wrote The Big Short. Boomerang looks at the effects of the debt bubble and resulting crash for ordinary people in different counties. i found it more entertaining than The Big Short. Weird times, Icelandic fisherman becoming currency traders with no idea of what they were doing, that sort of thing.

doug2500
2 Lemon pips
Posts: 168
Joined: November 4th, 2016, 11:51 am
Has thanked: 15 times
Been thanked: 41 times

Re: 2008 Financial crash

#166610

Postby doug2500 » September 15th, 2018, 7:30 pm

AleisterCrowley wrote:Not sure where ING went


I think Barclay's took them over. They certainly took over an account I had with them.

AleisterCrowley
Lemon Quarter
Posts: 2700
Joined: November 4th, 2016, 11:35 am
Has thanked: 522 times
Been thanked: 535 times

Re: 2008 Financial crash

#166623

Postby AleisterCrowley » September 15th, 2018, 10:32 pm

My ex -Kaupthing ING accounts certainly ended up with Barclays, until I transferred..erm, somewhere else
Looks like ING are still going, having looked at Wikipedia
(Going off topic, but I was surprised to see a branch of Handelsbanken AB In Windsor..Didn't realise they had UK branches)

scotia
Lemon Slice
Posts: 671
Joined: November 4th, 2016, 8:43 pm
Has thanked: 53 times
Been thanked: 165 times

Re: 2008 Financial crash

#166809

Postby scotia » September 16th, 2018, 11:41 pm

There was an excellent (BBC World Service) radio program yesterday on the 2008 financial crisis. It is still available online at https://www.bbc.co.uk/programmes/w3cswkdn. "How Lehman's Collapse Changed the World"

XFool
Lemon Quarter
Posts: 2296
Joined: November 8th, 2016, 7:21 pm
Been thanked: 131 times

Re: 2008 Financial crash

#167040

Postby XFool » September 17th, 2018, 10:31 pm

scotia wrote:There was an excellent (BBC World Service) radio program yesterday on the 2008 financial crisis. It is still available online at https://www.bbc.co.uk/programmes/w3cswkdn. "How Lehman's Collapse Changed the World"

Thanks for that. I will give it a try, having been disappointed by a R4 programme on Saturday 'Lehmans: A Backwards Collapse'

Expecting a documentary I got a collection of end-to-end sound clips of BBC News from the period. After a few minutes I turned off.

Itsallaguess
Lemon Quarter
Posts: 2365
Joined: November 4th, 2016, 1:16 pm
Has thanked: 494 times
Been thanked: 1172 times

Re: 2008 Financial crash

#168132

Postby Itsallaguess » September 22nd, 2018, 11:16 am

Leothebear wrote:
Can anyone recommend a good, readable account of the 2008 crisis and subsequent bail out?


Just to let you know that 'The Big Short' is currently on the Amazon 'Daily Kindle Deal' for just 99p if that would suit your reading situation -

https://www.amazon.co.uk/Big-Short-Insi ... B004JXXKWY

I've not read the book, but did see the film and really enjoyed it - a tricky subject entertainingly told....

Cheers,

Itsallaguess

Charlottesquare
Lemon Slice
Posts: 420
Joined: November 4th, 2016, 3:22 pm
Has thanked: 4 times
Been thanked: 36 times

Re: 2008 Financial crash

#168163

Postby Charlottesquare » September 22nd, 2018, 2:56 pm

Though covering a longer period than just 2008, and concentrating solely on HBOS, Ray Penman's "Hubris" is an interesting take on how Bank of Scotland got to where it did.

Have also read "Making it Happen", Iain Martin, re RBOS, and "Shredded", Ian Fraser, re same,but imho "Hubris" is a better read than either.


Return to “Books and Reading”

Who is online

Users browsing this forum: No registered users and 2 guests