Firefighting

Ben S. Bernanke, Timothy F. Geithner, Henry M. Pau

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"Firefighting: The Financial Crisis and Its Lessons" is a book co-authored by Ben S. Bernanke, Timothy F. Geithner, and Henry M. Paulson Jr. The book, released on April 16, 2019, reflects on the lessons learned from the 2008 financial crisis. The authors, who were primary architects of the American policy response to this crisis, aim to provide a comprehensive analysis of why the crisis happened, why it was so damaging, and the measures taken to prevent a second Great Depression.

In 2018, ten years after the financial crisis, Bernanke, Geithner, and Paulson joined forces to examine the causes of the crisis and to emphasize the importance of remembering these events to avoid similar catastrophes in the future. They stress that understanding and remembering the causes and impacts of such financial disruptions is crucial for effective policy making in the future.

The book is seen as an essential read for policymakers, offering a clear and concise account of the financial crisis. It's praised for its big-picture synthesis and its detailed examination of the entire episode, from its inception to its aftermath and the policy responses that followed. Warren Buffett even recommended it as "required reading for all policy makers"​​​​​​​​​​.