I'm recently reading many finance-related books. The more I read, the stronger I felt that professionals in finance field are more betting on the timing. People could get all kinds of opportunities at the time of innovation and heavy capital flows, even though they were from different backgrounds.
This book tells us author's journey at University, Federal Reserve and CIBC. However, the focus is more on the introduction on federal reserve's services and the procedures. She has splendid experience, and I felt proud of her through the way of reading the book. However, she is not a good author due to long listing and no real focus. Instead of sharing the story, she lists many risks and the documentary stuff. All those interesting cases are barely mentioned.
Some new knowledge I learnt from this novel:
1. in the lat 90s, there were so many merges in terms of bank restructures. For example, Bank of America and First Nation and Fleet Boston; Morgan Stanley and Chase and Bank One
2. Sandy Weill, CEO of Citi, acquires not only Travelers but Smith Barney and Salomon Brothers. One cute thing was that when he called Robert Rubin, Robert's first reaction is "are you buying the government"
3. Financial system was highly impacted by the policy. In terms of the war between OCC and Federal Reserve, OCC is a administration department, which is impacted by the eight-year political leadership transition, while Federal reserve is controlled by Congress with 14-year stability.
4. Salomon's CEO: John Meriwether
5. The importance of self-fulfilling prophecy - lender of the last resort
6. Carpe Diem: we need to finish what we need to finish today. There is no tomorrow available for us!!!
7.Six degrees of Separation:in this society, any two strangers need only six people to build connections. In Toronto or Manhattan or other prosperous cities, maybe only 2 or 3 people are needed.
8. people have to keep and improve their talent in order to survive anywhere in the world.
Overall, this book indicates many of the key concepts related to the risk assessment strategies used by Federal Reserve. However, maybe due to the reasons of security or other stuff, author didn't mention to many special cases that are very private.
Timing or Talent?
《我在美联储监管银行》热门书评
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海外学子的路之一
6有用 0无用 ezfinance 2008-08-11
几个要素使我想读这本书,加拿大,多伦多,约克大学,银行,美联储,监管。看了前面的书评和作者的自序,觉得这不会是一本不靠谱的东西,只有她能够讲真话,讲实话。一路看下来,心中有不少共鸣,不敢和监管者有学识上的共鸣,但是可以有经历上的共同感受。可能出于保密的原因,作者不少东西都是语焉不详,也没办法,还得在...
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半小时所得
2有用 0无用 Elact 2009-12-22
书名很大,但是内容还是以一个风险辑查员、基层操作者的眼光来看美联储的监管部分,没有涉及货币政策等美联储核心部份。可对于崇拜美国的发展中国家,作者描述的每个东西都是如此新鲜,N多重量级人物为之作序,比如易纲、张维迎等,不由得想起刘姥姥从大观园回村后,向乡民炫耀所看到贾府宴饮盛况,得到了村中...
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扔掉《货币战争》,捧起《我在美联储监管银行》
1有用 2无用 叶坤伶 2007-12-10
书评:美联储究竟是咋回事如果要评选今年国内最热的一本书,宋鸿兵的《货币战争》恐怕必定榜上有名。该书以揭秘式的笔调将美联储私有性质大大渲染了一番,使之成为货币战争和金融阴谋理论的重要证据之一,让读者对美联储究竟是怎样一个机构不禁满腹狐疑。尽管从专著到传记市面上涉及美联储的书籍绝对不在少数,但即使是专业...
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每次重读都是一份惊喜!
0有用 2无用 叶坤伶 2007-12-17
在中国国内一些人担心遭遇金融核战争打击的时候,看一看这本《我在美联储监管银行》也许能让我们少一点“杞人忧天”,多一点理性思考!...
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读
0有用 1无用 四2222 2007-12-15
我倒是觉得货币战争读过了必须读读这本书,有个微观的论证,但似乎没有结论,可以说货币战争说的对但夸张,也可以说货币战争纯水,但总比什么概念都没有听老宋在那用力喷强点....