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    Back from the Brink: 1000 Days at Number 11 (Paperback) By (author) Alistair Darling

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    DescriptionIn the summer of late 2007, shares of Northern Rock went into free-fall causing a run on the bank - the first since the Great Depression. Northern Rock was only the first: in the ensuing months, Alistair Darling stood firm in the eye of this perfect storm - all over the world financial institutions thought 'too big to fail' were falling prey to the lethal toxicity of the US sub-prime mortgage market. Back from the Brink tells the gripping story of one thousand days of crisis. As Chancellor, Alistair Darling sanctioned the GBP37bn bailouts of RBS and HBoS just minutes before their cash machines would have ceased to function; at the 11th hour, he prevented Barclay's from acquiring Lehman Brothers, telling US Treasury Secretary Hank Paulson that he wouldn't allow British banks to import America's economic cancer; he used controversial legislation to stop Icelandic banks from withdrawing funds from the UK. From all night meetings at the White House, to confrontations with the titans of international banking and fractions relations with Gordon Brown, Darling places the reader in the rooms where the destinies of millions weighed heavily on the shoulders of a few.


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  • Full bibliographic data for Back from the Brink

    Title
    Back from the Brink
    Subtitle
    1000 Days at Number 11
    Authors and contributors
    By (author) Alistair Darling
    Physical properties
    Format: Paperback
    Number of pages: 339
    Width: 128 mm
    Height: 196 mm
    Thickness: 32 mm
    Weight: 358 g
    Language
    English
    ISBN
    ISBN 13: 9780857892812
    ISBN 10: 0857892819
    Classifications

    Warengruppen-Systematik des deutschen Buchhandels: 27430
    B&T Merchandise Category: GEN
    B&T Book Type: NF
    BIC E4L: BIO
    BIC subject category V2: HBJD1
    Nielsen BookScan Product Class 3: T4.2A
    BIC subject category V2: BGHA, JPQ
    BIC geographical qualifier V2: 1DBK
    BIC subject category V2: BM
    B&T General Subject: 170
    B&T Modifier: Region of Publication: 03
    Ingram Subject Code: BA
    Libri: I-BA
    DC22: B
    B&T Modifier: Subject Development: 01
    BIC time period qualifier V2: 3JMC
    LC classification: JA
    Abridged Dewey: 320
    BISAC V2.8: BUS004000, BIO010000
    BIC subject category V2: 1DBK, 3JMC
    DC23: 336.41092
    Edition statement
    Updated ed.
    Illustrations note
    col. Illustrations, col. ports.
    Publisher
    ATLANTIC BOOKS
    Imprint name
    ATLANTIC BOOKS
    Publication date
    01 June 2012
    Publication City/Country
    London
    Author Information
    Alistair Darling is the Member of Parliament for Edinburgh South West. Initially appointed as Chief Secretary to the Treasury in 1997, he moved to become Secretary of State for Work and Pensions in 1998. He spent another four years as Secretary of State for Transport, also becoming Secretary of State for Scotland in 2003. He served as Secretary of State for Trade and Industry in 2006, before Gordon Brown promoted him to Chancellor in 2007.
    Review quote
    '...one heck of a good read.' Guardian '...a balanced, thoughtful , sober account of arguably the greatest crisis of the 21st Century...' Mail on Sunday '[Alistair Darling] writes compellingly about the market meltdown and ensuing recession, spicing the narrative with a droll wit and acidic observations about the "arrogant and stupid" bank chiefs. If this story has been told before, it is still informative to have the scary view from the edge of the precipice as Britain teeters on the brink of a complete collapse of its banks.' Observer