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The Money Machine
The Money Machine
Oct 27, 2024 10:37 PM

Author:Philip Coggan

The Money Machine

What happens in the City has never affected us more

In this excellent guide, now fully revised and updated, leading financial journalist Philip Coggan cuts through the headlines, the scandals and the jargon to explain the nuts and bolts of the financial system.

What causes the pound to rise or interest rates to fall? Which are the institutions that really matter? Why is it we need the Money Machine - and what happens when it crashes? Coggan provides clear and concise answers and shows why we should all be more familiar with a system we so intimately depend upon.

Reviews

Sensational ... Tim's book will forever be the definitive work on what causes financial panics and what must be done to stem them when they occur.

—— Warren Buffett

Deals with issues far bigger than anything on the Man Booker long list.

—— Anne Ashworth , The Times

Stress Test is an absolutely compelling account of the financial crisis, written in a clear, graceful style with striking honesty at every step along the way.

—— Doris Kearns Goodwin

This is a lucid, fascinating, and extremely important book … Geithner does something unusual: he engages in substance. With both insight and humility, plus a good dose of wry humor, he explains what really happened during the financial crisis. No matter your political persuasion, you will find this book educational, enlightening, and interesting.

—— Walter Isaacson

A fascinating memoir about life in the maelstrom of the financial crisis … Earlier books have described much of what happened that September, but Geithner was present for all the frantic meetings, the thousands of phone calls — and in the case of Lehman, the failure to find a buyer that could keep it alive. New problems cropped up almost weekly, if not daily. He explains each in easy-to-understand language and what the issues were that shaped the responses… There could be another crisis someday, of course, but what Geithner and his colleagues did has made one far less likely.

—— USA Today

An intimate take on the financial crisis … Conveys in visceral terms just how precarious things were during the crisis, just how frightened many first responders were, and just what an achievement it was to avert a major depression… [Geithner] demonstrates that he can discuss economics in an accessible fashion, making the situation the country faced in 2008 and 2009 tactile, comprehensible—and harrowing—to the lay reader. Along the way, he also gives us a telling portrait of himself.

—— New York Times

He’s written a really good book — we might as well get that out of the way, as so much else about Timothy F. Geithner remains unsettled … There’s hardly a moment in Geithner’s story when the reader feels he is being anything but straightforward — a near-superhuman feat for someone who spent so much time in public life defending himself from careless and dishonest personal attacks. The decisions he made are easier to criticize than they are to improve upon. I doubt many readers will put his book down and think the man did anything but his best. On his feet he might have stammered and wavered. That in itself was always a sign he was unusually brave.

—— Michael Lewis , New York Times Book Review

Sharply worded and candid memoir.

—— Edward Luce , Financial Times

Breathtaking

—— Ryan Tubridy

A gripping chronicle by a corporate whistle-blower who achieved a stunning victory

—— Kirkus

He is one of the few foreign businessmen to have penetrated deep inside a Japanese corporation and to report back unflinchingly on what he saw. What he found was not pretty

—— Financial Times

Woodford has emerged as a hero, named by at least one British newspaper as its 2011 executive of the year. And rightly so. His gift for candor, so evident as a whistle-blower, serves him well as a memoirist.

—— Bryan Burrough, author of Barbarians at the Gate , The New York Times

Michael Woodford could have spent years turning a blind eye to the shady dealings of executives at Olympus. Instead he dove headfirst into allegations of corporate misconduct

—— Time

This memoir of one of Japan's biggest business scandals is for more than corporate governance experts, with its fascinating tale of good versus evil

—— Japan Times

A gripping narrative ... impressive reporting and writing chops are on full display ... reads like a fast-paced John le Carré thriller, and never lets up

—— New York Times book review

a feat of reporting, and much of it reads like a novel

—— Leigh Gallagher , Washington Post

a remarkable read

—— John Arlidge , Sunday Times

jaw-dropping

—— Financial Times

a gripping financial thriller

—— Daily Mail

Well worth the read. I couldn’t put it down

—— Investing.com

A potent book... an incisive social critique that slices through financial jargon and gobbledygook to accurately map the all-too-common corruption in America’s hedge funds that are sucking up billions and billions that used to be invested for the growth and benefit of society as a whole in building infrastructure, expanding existing and new businesses and creating jobs

—— Winnipeg Free Press

An utterly absorbing look at how Cohen pushed his traders to the limit—that “black edge”—and how he mostly insulated himself from the potential ramifications. This fast-paced, true-life thriller will leave readers enraptured—and troubled

—— Booklist
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