Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today

Though the 2008 financial crisis was debilitating, the Federal Reserve and the federal government have yet to implement policies that would prevent a repeat of the Great Recession. The middle class continues to shrink, escalations in racial injustices prevail, and distrust of the government grows by the day. With the country's current fiscal policies, our economy is in a fragile place, barely strong enough to survive a shock by an international conflict, a cyberattack, or a global pandemic. Written by the former CEO of Washington Mutual Bank and the former vice chair of the Federal Home Loan Bank, Nothing to Big to Fail holds a microscope to the very policies and corruption that led to the 2008 crisis. Authors Kerry and Linda Killinger warn that, without significant change, the Federal Reserve and government policies have created asset and debt bubbles that could burst at any time. No institution, government, or country is too big to fail. But by learning from the past mistakes and act