Longlisted for the Financial Times/McKinsey Business Book of the Year Award
“If what these three men did during the financial crisis had not been done, the world would, in my view, have experienced a second great depression. This makes the story told in this short book fascinating and important.” —
Martin Wolf, Financial Times
“A primer on why the crisis was possible (and why, even so, almost nobody saw it coming); a ticktock on how the crisis and the financial rescue unfolded; and a very scary warning about the future.” —
Paul Krugman, New York Times
“I'm glad I didn't have to do the job that these three ‘fire chiefs’ did. I learned much from this book I had not previously known. Its cautions for the future should be required reading for all policy makers.”
“A clear, concise account illustrating why financial fires must be anticipated if they’re to be controlled.” —
“All kinds of readers will find [
Firefighting] a readable summary of the crisis, but its paramount value comes from the authors’ explanations and defenses of their whatever-it-takes actions and assessment of current financial system risks.” —
Library Journal, starred review
Ben Bernanke, currently a Distinguished Senior Fellow at the Brookings Institution, was the chairman of the Federal Reserve from 2006 to 2014.
Timothy F. Geithner is currently President of Warburg Pincus and was the 75th Secretary of the Treasury for President Obama's first term. He is the author of
Stress Test: Reflections on Financial Crises.
Hank Paulson is the founder and chairman of the Paulson Institute, and served as the 74th Secretary of the Treasury under President Bush. He is the author of
On the Brink and
Dealing with China.