Too Big to Save?
IN THIS SUMMARY
In 2008, the United States and the world plunged into a serious financial crisis. This major downturn resulted from the collapse of the U.S. housing market and excessive debt that made its way throughout the global economic markets through mortgage securitization. In Too Big to Save?, Robert Pozen focuses on answering three issues about the recent financial crisis. First, he addresses how the drop in American housing prices caused a worldwide financial downturn. Second, Pozen analyzes how the U.S. government responded to the situation. He considers what actions were helpful and which were not. Third, the author considers what actions need to be taken in the future to remedy the current crisis and also to prevent others from occurring.