Summary:
The book provides an analysis of the causes behind the 2008 financial crisis and offers a comprehensive set of reforms aimed at addressing the weaknesses in the U.S. financial system. It discusses regulatory changes, the role of government-sponsored enterprises, and the need for more effective risk management to prevent future economic meltdowns.
Key points:
1. Big Banks' Risks: Pozen talks about how very large banks can threaten the whole financial system if they fail. He says the government often saves them, which can lead them to take more risks.
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