Back from the Brink: 1000 Days at Number 11 (Paperback)
  • Back from the Brink: 1000 Days at Number 11 (Paperback)

Back from the Brink: 1000 Days at Number 11 (Paperback)

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Paperback Published: 01/04/2012
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In 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.

Publisher: Atlantic Books
ISBN: 9780857892812

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“Back from the Brink”

This is an important book. Along with Gordon Brown’s Beyond the Crash: Overcoming the First Crisis of Globalisation (London: Simon and Schuster, 2010) it revives the essential state of looking at present financial and... More

Paperback edition
15th May 2012
Helpful? Upvote 2

“A very good read.”

I am only half way through this very interesting book. It is hard to believe that we lived through such dramatic times, and are still doing! Anyone with an interest in what goes on in the world would love this book.

Hardback edition
2nd November 2011
Helpful? Upvote 1

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