interpreting interviews
The Weekend That Changed Wall Street: An Eyewitness Account
ISBN: , SKU: , AUTHOR: Bartiromo, Maria / Whitney, Catherine, PUBLISHER: Portfolio, A first-person account of the white-knuckle weekend that brought the financial world to its knees and changed Wall Street forever, from America's most famous business reporter. During a single historic weekend (September ) the fate of Lehman Brothers was sealed, Merrill Lynch barely survived, AIG became a ward of the federal government, and the roots of our seemingly strong economy teetered on the edge of collapse. As bankers and government officials scrambled to keep the economy from total collapse, and Americans tried to make sense of it all, top CNBC anchor Maria Bartiromo spent the entire weekend taking frantic phone calls from the most powerful players on Wall Street and in Washington. Those CEOs, politicians, and dozens of other sources gave Bartiromo behind-the- scenes details on the crisis and its aftermath, the personalities involved, and the emotions at work during one of the most stressful periods in American economic history. Now she draws on her high-level network to provide an eyewitness account of the biggest events of the financial crisis, including exclusive interviews with former treasury secretary Henry Paulson, former AIG chairman Hank Greenberg, former Merrill Lynch CEO John Thain, and former Bear Stearns chairman Ace Greenberg, among many others. Her sources candidly divulged personal and unreported information. For example, during a commercial break on her show, Paulson, who had been explaining the government bailout package, told her, "In six months, you will understand why we did what we did." It wasn't apparent then, but months later it was revealed that the government's secrecy regarding who got the bailout money was intended to hide the shocking financial condition of Citigroup-the largest bank in the world. Writing with both authority and dramatic flair, Bartiromo not only weaves a thrilling and fresh account of the events of that fateful weekend but provides a unique analysis of the crisis and its aftermath She shows how decades of unbridled risk taking led to one of the biggest and most dramatic economic meltdowns in history and tackles the big questions: is any company too big to fail-and if so should it be? Should the government spend taxpayer dollars to bail out companies whose plights are largely the result of their own mismanagement? And finally, what have we learned from this crisis? Will we return to business as usual or has Wall Street really changed?
Berlin in the Balance: The Blockade, the Airlift, the First
ISBN: , SKU: , AUTHOR: Parrish, Thomas, PUBLISHER: Da Capo Press, In June , Soviet authorities in Germany announced a land blockade of the American, British, and French sectors of Berlin. Isolated more than one hundred miles within Soviet-occupied territory, western Berlin was in danger of running out of coal, food, and the courage to stand up to Joseph Stalin.As "Berlin in the Balance" recounts, this crisis was a turning-point for U.S. policy. Just three years earlier, the Soviet Union had been an ally and Berlin the target of American bombers. In Winston Churchill had ignited protests by calling for an Anglo-American alliance against the USSR. The Berlin blockade made Churchill's "iron curtain" through Europe an inescapable reality.Led by Harry S. Truman, the Western Allies refused to back away from Berlin. Instead, they took to the air, packing passenger planes with coal, potatoes, flour, and other necessities. Not even the commanders of the year-old U.S. Air Force believed this fleet could supply western Berlin for long. Its main airport was squeezed among apartment buildings. Autumn would bring blinding fogs. And nobody had ever tried to supply a city of millions by air."Berlin in the Balance "tells the full, gripping story of this critical conflict--how it developed and how it played out. Noted historian Thomas Parrish shows us the crisis through the eyes of Truman, Stalin, and other leaders. We hear Berliners cheer the arrival of each "raisin bomber"; the planes' roar was assurance that the democratic powers had not abandoned them. Through sources made available only after the fall of the USSR, we learn how Soviet leaders planned their strategy to drive out the West, what they feared, and what they hoped to achieve."Berlin in theBalance" spotlights a different kind of air force heroism--flying heavy transport planes in weather so bad "the birds walked," harassed by Soviet fighters but never firing a shot. Under the decisive leadership of General William H. Tunner, crews took off every three minutes around the clock. Soldiers rushed to maintain the airplanes and runways, master a new radar system, even build a new airport. The operation depended on support from Frankfurt to London to Montana, on the sacrifices of German civilians and the boldness of French saboteurs. Using archives and fresh interviews, Parrish details the full scope and success of "Operation Vittles."The Berlin airlift stopped Stalin's expansion in Europe. It helped Truman win his upset election in . And it set the course of East-West conflict for the next forty years. More than sixty U.S. and allied fliers died in this great operation, keeping a besieged city fueled, fed, and free. "Berlin in the Balance" is a masterful chronicle of this crucial, stirring saga.
Reluctant Witness: Memoirs from the Last Year of the
ISBN: , SKU: , AUTHOR: Mahoney, Brian H. / Mahoney, James J., PUBLISHER: Trafford Publishing, The late James Mahoney went overseas in the spring of as the leader of one of the four bomb squadrons in a B-24 bomb group (the original 492nd) which endured extraordinary losses for 89 days of operation before being disbanded. The enduring mystery of why such an exceptionally well qualified and prepared group suffered so singularly is one of many significant themes he addresses in his 52 vignettes. Mahoney was reassigned to a bomb group with much better luck (the 467th), and finished the war as their Deputy Commander. As both a 'man among men' and a recognized natural leader, he was positioned to note character and ability, and took it as his charge to develop both of these in the course of administering to the technical and demanding business of a combat organization comprising souls. Later in life, wanting to make sense of what he experienced and to record the terrific sacrifice of his peers, he distilled and organized his memories. Overcoming his natural reticence to show his hand emotionally, and fearful that grisly accounts might register as sensational horror instead of sobering lesson, he labored carefully to build for his readers a rich context for his 'war stories'. These memoirs take the reader through the methodology and equipment of aviation and strategic bombing in the era before stand-off weaponry, when hundreds of planes at a time, each with ten-man crews, flew in unpressurized planes through flak and fighter filled skies for hours at a time at 40 degrees below zero, to bomb targets in Hitler-occupied Europe. He introduces the reader to his acquaintances and friends, commanders and charges - a range of memorable rascals, unforgettableheroes, and ordinary mortals showing their true mettle and courage under dire circumstances. Jim Mahoney's account of his 13 months in combat is an engaging mix of timeless morals and enduring humor. The big themes are laid out with common sense, while the practical joke, the stroke of genius, or personal quirk are offered as clear windows to the host of characters and their relationships. These certainly capture the fact and flavor of the daylight bombing campaign over northern Europe and make a contribution to the historical record, but they also transcend that specific time and place, drawing the readers in any era into human drama, played out in all of its variety in the pressure-cooker of wartime. The son's contribution has been to document some of the more unusual aspects of his father's account, so that these can be received as more than just precious memoir - as contributions to the historical record.This has entailed many interviews, travel to remnants of his father's Rackheath and North Pickenham bases in East Anglia, and contemplation of the horrible effectiveness of aerial bombardment on several of the Mighty Eighth Air Force's 'ground zeros' in Germany. Additionally, the son supplies the reader with a variety of material designed to make the dated techn