Remove ads

Introducing the LemonFools Personal Finance Calculators

2008 Financial crash

Reviews, favourites and suggestions
Leothebear
2 Lemon pips
Posts: 213
Joined: November 4th, 2016, 1:18 pm
Has thanked: 22 times
Been thanked: 65 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: 95
Joined: November 4th, 2016, 9:53 pm
Has thanked: 58 times
Been thanked: 62 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: 2823
Joined: November 4th, 2016, 11:35 am
Has thanked: 552 times
Been thanked: 576 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: 590
Joined: November 4th, 2016, 11:12 am
Has thanked: 168 times
Been thanked: 115 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: 95
Joined: November 4th, 2016, 9:53 pm
Has thanked: 58 times
Been thanked: 62 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: 213
Joined: November 4th, 2016, 1:18 pm
Has thanked: 22 times
Been thanked: 65 times

Re: 2008 Financial crash

#166382

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

Thanks for the info :D

Snorvey
Lemon Quarter
Posts: 1838
Joined: November 4th, 2016, 12:51 pm
Has thanked: 448 times
Been thanked: 589 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: 2823
Joined: November 4th, 2016, 11:35 am
Has thanked: 552 times
Been thanked: 576 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: 350
Joined: December 10th, 2016, 7:16 pm
Has thanked: 8 times
Been thanked: 50 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: 185
Joined: November 4th, 2016, 11:51 am
Has thanked: 19 times
Been thanked: 46 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: 2823
Joined: November 4th, 2016, 11:35 am
Has thanked: 552 times
Been thanked: 576 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: 746
Joined: November 4th, 2016, 8:43 pm
Has thanked: 74 times
Been thanked: 183 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: 2464
Joined: November 8th, 2016, 7:21 pm
Been thanked: 145 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: 2563
Joined: November 4th, 2016, 1:16 pm
Has thanked: 587 times
Been thanked: 1348 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: 487
Joined: November 4th, 2016, 3:22 pm
Has thanked: 4 times
Been thanked: 48 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.

dealtn
Lemon Pip
Posts: 96
Joined: November 21st, 2016, 4:26 pm
Has thanked: 7 times
Been thanked: 45 times

Re: 2008 Financial crash

#170704

Postby dealtn » October 2nd, 2018, 9:00 am

Not as a criticism, but to aid anyone searching for it, the author is Ray Perman (not Penman).

I haven't read it yet, but am now tempted. I was lucky/unlucky enough to be employed at a sufficiently senior enough level in the Bank to have an amount of inside knowledge of what was going on. I suspect I will get angry about some of the things he has got wrong in equal measure to the anger at those making the decisions he reports correctly.

Anyway with a decade having passed maybe now is the time to read the book with sufficient deep breathing to counter the spleen venting I know I will be putting myself through.

Looking forward to another twenty years time when government records currently covered by the Official Secrets Act are relaxed when I am sure historians and future current affairs aficionados will be rewarded.


Return to “Books and Reading”

Who is online

Users browsing this forum: No registered users and 1 guest