... Praise for TooBigto Save? “Americans need to understand the financial crisis shaking this country Bob Pozen offers a great guide to inner workings gone wrong and a clear agenda for getting the ... Clinton Administration “America’s financial system is sorely in need of fundamental reform, and the aftermath of the recent crisis represents a historic opportunity to something about it TooBigTo ... was deemed toobigto fail In answering the third question, about which actions we should take to help prevent future financial crises, we should try to find the least burdensome regulatory strategy...
... downgraded to “junk” status Complicity extended to the public sector The Fed kept interest rates too low for too long, contributing to the speculative binge in housing and pushing investors toward ... that the government not all that long ago deemed toobigto fail”—or TBTF, for short In 2010, Congress enacted a sweeping, new regulatory framework that attempts to address TBTF While commendable ... they together received hundreds of billions in capital infusions and loan guarantees and never made it onto the FDIC’s Problem Bank List 10 See “How Much Did Banks Pay to Become Too- Big- to- Fail...
... for banks to merge in order to create a bank considered TBTF, or for existing TBTF banks to purchase smaller banks; in either event the purpose is to capture the gains from the toobigto fail ... begun to enter the banking literature and has yet to be formerly tested The purpose of this dissertation is to both layout the economic theory and to test empirically the role of toobigto fail ... institutions are considered toobigto fail” (TBTF) This special status granted to TBTF banks confers upon them a funding advantage not available to their smaller competitors This imbalance creates...
... —BusinessWeek TooBigto Fail is too good to put down Told brilliantly.” —The Economist “Sorkin’s prodigious reporting and lively writing put the reader in the room for some of the biggest-dollar ... (bottom) and (top left and right): J P Morgan Page (bottom): Yoshikazu Tsuno/AFP/ Getty Images Page (top): Mario Tama/Getty Images News Page 10 (top): Wachtell, Lipton, Rosen & Katz; (bottom): ... authoring TooBigto Fail The World Economic Forum named him a Young Global Leader and he was added to The Directorship 100, recognizing the nation’s most influential people on corporate boardrooms Too...
... notion that something can be toobigto succeed shouldn't be that foreign, because it even applies to people There's a famous example of an individual who became so big and lumbering that he ... used to discover the bulk of them, and there are a lot of weak biotechnology companies out there Industry analysts love to tout mergers and acquisitions as tools to raise share prices, and if stockholders ... advice to be followed it can seriously affect those share prices I've never understood why analysts seem to exert such influence on the market I've known a few, and I have to say I was not that...
... book is an effort to begin putting those pieces together At its core TooBigto Fail is a chronicle of failure—a failure that brought the world to its knees and raised questions about the very ... you to hear my side of the story,” Fuld protested “You have to understand what happened.” “No, there’s only one side to the story You got into a fight with your commanding officer That s all that ... that? ” Glucksman growled “People go to graduate school toget in a position toget a job I’m offering you a job.” Fuld, however, wanted to stick to his plan “We don’t get along,” Fuld shot back “You...
... someone is going to use that base – crusading prosecutor – to make it all the way to the White House It could be you When you think of Tom Dewey, you think “Gangbusters!” He took on big time racketeers ... dots It took me awhile to realize that the inquiry into how this could have just happened was largely missing and that the best our top media outlets could was come up with lists of factors that ... not wrongto be upset A later study by the Institute of Policy Studies found, according to the New York Times: The top five executives at 10 financial institutions that took some of the biggest...
... could, you stop doing toget what you want in that situation? I’m going to stop doing ‘timid’ That s it C5 What exactly will, or could, you stop saying, to yourself or to other people, toget what ... will, or could, you stop doing toget what you want in that situation? C5 What exactly will, or could, you stop saying, to yourself or to other people, toget what you want in that situation? C6 ... you stop asking yourself or other people, toget what you want in that situation? I’m going to stop asking everyone ‘is that ok?’, after everything I say! C7 What else needs to happen toget what...
... Exercises ThatGet Results in Just 15 Minutes BRIAN COLE MILLER AMERICAN MANAGEMENT ASSOCIATION New York | Atlanta | Brussels | Chicago | Mexico City | San Francisco Shanghai | Tokyo | Toronto | Washington, ... ran into two busy managers within minutes of each other They had similar requests of me “Brian, can you give me a quick team-building activity? I want to something to help my staff come together ... this book, though Each activity is designed to help your group come together as a team in one way or another You can have fun while you learn and grow together! A busy manager like you can run every...
... ➤ What to if it happens anyway ➤ ➤ ➤ ➤ ➤ activity and asking him or her to hold back, or encourage others to contribute If the person tends to dominate day to day, begin to address that behavior ... handled well Be sure to explain the purpose of the activity to the team Get them to buy into the need to engage and learn Be sure you have a clear learning objective and that the activity you ... Directions were given too fast Directions were too lengthy and not posted Read and reread the directions to make sure you understand them well Practice explaining the activity to others until they...
... to simple problems; they see that a majority vote is not always the most effective way to decide Use this when ➤ ➤ ➤ Individuals are focusing too much on their own needs Individuals need to ... 31 “We agreed Roger would get one, and Therese would get the other They will let me be first to close my register the rest of the week.” “We agreed that Kenji would get both dollars He gave each ... minutes to form a coalition Any two teams that want to merge may so before resuming play Make sure there was an even number of teams to begin with What influenced your team’s decision to merge?...
... group to react briefly to comments but not to dwell on anyone’s statement (and certainly not to criticize)—however bizarre or unpopular! You may use this activity to just get acquainted or get ... read aloud The Target gets one chance to guess who wrote it If the Target guesses incorrectly, read the next statement Each time a statement is read, the Target has one chance to guess its author ... conference room, or lunchroom so they can refer to them and continue to reach out to others You may use this activity to just get acquainted or get a meeting started without asking the Debrief...
... categories Toss a coin to determine which story to tell For the group that knows each other very well, have them tell the stories about each other rather than about themselves Getto know each ... and getto know each other better personally Divide the group into small groups of three to five participants Give them several minutes to share their stories from one color Select the best story ... similar item that is safe to toss A stopwatch, watch, or clock with a second hand Arrange the group in a large circle with everyone standing Give the ball to anyone Ask him to throw the ball to anyone...
... Individuals need to be creative about finding efficiencies despite constant change Individuals need to understand that most reactions to change are normal and often take time to work through The ... learn that their own reactions to change are typical or normal Use this when ➤ ➤ ➤ The group is experiencing lots of change at work Individuals need to understand that most reactions to change ... Together miller chap 07 7/24/03 3:45 PM Page 118 SEVEN HANDS This is An activity in which participants solve an ancient stacking puzzle The purpose is Participants learn how to work together...
... was clear, ask them to define “improve,” and then show how it could have meant toget more people up front, or toget in a better circle, or to sit boy–girl–boy–girl, etc., to show there were ... participants can refer to them during play Help the teams remember that once a card is on top of one or more other cards, that card stack moves as one unit Only the top card remains relevant to play Stacks ... with everyone’s ideas about the way to proceed? How does this activity relate to teamwork? (We had to cooperate; We had to agree on a process; We had to listen to each other; etc.) Did anyone emerge...
... example “Kudos to Vanessa for helping me research that billing error last Thursday She helped me whittle down the possible causes for the error I was able toget back to the customer with an answer ... look even more professional if you had earrings, too. ” That is a nice dress, and you would look even more professional if you had earrings, too. ” Ask these questions ➤ ➤ ➤ ➤ Tips for success ... recognize whom next (and isn’t that a wonderful “fight” to have?) The recipient of the candy bar is never expected to give one to someone else Let whoever wants to give a candy bar give one Do...
... had to break the task into smaller pieces? Did you offer or seek help from others trying to learn the same skill? Why or why not? What other creative ways could we have used to help us learn together ... about yourself? (I need validation; I’m not comfortable acknowledging my own strengths; I put too much [or too little] emphasis on what others think of me; etc.) How you think this affects how you ... may hesitate to acknowledge their contributions This may come out as they pause to “think of something good.” Encourage the speakers to just keep talking If they run out of things to talk about,...
... ➤ What to if it happens anyway ➤ ➤ ➤ ➤ ➤ activity and asking him or her to hold back, or encourage others to contribute If the person tends to dominate day to day, begin to address that behavior ... handled well Be sure to explain the purpose of the activity to the team Get them to buy into the need to engage and learn Be sure you have a clear learning objective and that the activity you ... Directions were given too fast Directions were too lengthy and not posted Read and reread the directions to make sure you understand them well Practice explaining the activity to others until they...
... group to react briefly to comments but not to dwell on anyone’s statement (and certainly not to criticize)—however bizarre or unpopular! You may use this activity to just get acquainted or get ... read aloud The Target gets one chance to guess who wrote it If the Target guesses incorrectly, read the next statement Each time a statement is read, the Target has one chance to guess its author ... conference room, or lunchroom so they can refer to them and continue to reach out to others You may use this activity to just get acquainted or get a meeting started without asking the Debrief...
... categories Toss a coin to determine which story to tell For the group that knows each other very well, have them tell the stories about each other rather than about themselves Getto know each ... and getto know each other better personally Divide the group into small groups of three to five participants Give them several minutes to share their stories from one color Select the best story ... similar item that is safe to toss A stopwatch, watch, or clock with a second hand Arrange the group in a large circle with everyone standing Give the ball to anyone Ask him to throw the ball to anyone...