Summary:
The book critically examines the U.S. government's response to the 2008 financial crisis, arguing that the panic and subsequent bailouts were avoidable and poorly managed. It provides an insider's perspective on the mistakes made by policymakers and suggests alternative strategies that could have mitigated the economic damage.
Key points:
1. 2008 Crisis Mismanagement: Isaac believes U.S. officials reacted poorly to the 2008 crisis, making rushed decisions that worsened the situation and led to unnecessary bailouts.
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