Book Revew - On the Brink (Henry M Paulson)

On The Brink reads like a financial thriller that is told from the very person, Henry Paulson, former Treasury Secretary, that is trying to save from the collapse of the US financial system, a system that I believe has been severely corrupted by greed.

In this book, it is told in the chronicles format. How the events unfold, how the rush to save both Lehman Brothers and Bear Stearns ended up in the 'death' of these institutions. The moment I pick up the book, it is always difficult to put it down. This is despite the fact that I know the outcomes of the decisions. It also shows people how interrelated the banks, insurance companies and politicians are. Something that we should always take note of when analysing global trends.

It is a strongly recommended book for all those that want to know how the current sub-prime crisis unfolded, how these bankers and politicians move around (a phenomena that is seen in other countries), how the current change came about and some insights on whether such thing would happen again.

Buy the book if you want to understand how Wall Street works, understand the current Financial Crisis and use it to better understand and catch the unfolding of future economic/financial crisis.