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Back from the Brink: 1000 Days at Number 11 by Alistair Darling
  

Back from the Brink: 1000 Days at Number 11

Biography / Autobiography   The Real World   eBook Favourites   eBook Favourites   

RRP £12.99

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Alistair Darling's knowledge and understanding make this not only a unique perspective on the events that rocked global capitalism, but a vital and fascinating historical document. Back from the Brink is also a gripping and immediate account of an unprecedented global financial catastrophe.

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Synopsis

Back from the Brink: 1000 Days at Number 11 by Alistair Darling

In the summer of late 2007, shares of Northern Rock went into free-fall causing a run on the bank - the first since the Great Depression. Northern Rock was only the first: in the ensuing months, Alistair Darling stood firm in the eye of this perfect storm - all over the world financial institutions thought 'too big to fail' were falling prey to the lethal toxicity of the US sub-prime mortgage market. Back from the Brink tells the gripping story of one thousand days of crisis. As Chancellor, Alistair Darling sanctioned the GBP37bn bailouts of RBS and HBoS just minutes before their cash machines would have ceased to function; at the 11th hour, he prevented Barclay's from acquiring Lehman Brothers, telling US Treasury Secretary Hank Paulson that he wouldn't allow British banks to import America's economic cancer; he used controversial legislation to stop Icelandic banks from withdrawing funds from the UK. From all night meetings at the White House, to confrontations with the titans of international banking and fractions relations with Gordon Brown, Darling places the reader in the rooms where the destinies of millions weighed heavily on the shoulders of a few.

Reviews

...one heck of a good read. * Guardian * ...a balanced, thoughtful, sober account of arguably the greatest crisis of the 21st Century... * Mail on Sunday * [Alistair Darling] writes compellingly about the market meltdown and ensuing recession, spicing the narrative with a droll wit and acidic observations about the arrogant and stupid bank chiefs. If this story has been told before, it is still informative to have the scary view from the edge of the precipice as Britain teeters on the brink of a complete collapse of its banks. * Observer *


About the Author

Alistair Darling is the Member of Parliament for Edinburgh South West. Initially appointed as Chief Secretary to the Treasury in 1997, he moved to become Secretary of State for Work and Pensions in 1998. He spent another four years as Secretary of State for Transport, also becoming Secretary of State for Scotland in 2003. He served as Secretary of State for Trade and Industry in 2006, before Gordon Brown promoted him to Chancellor in 2007.

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Book Info

Publication date

1st April 2012

Author

Alistair Darling

More books by Alistair Darling
Author 'Like for Like'
    recommendations

Publisher

Atlantic Books

Format

Paperback
368 pages

Categories

Biography / Autobiography
The Real World
eBook Favourites
eBook Favourites

Autobiography: historical, political & military
Memoirs
Central government

ISBN

9780857892812

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