Praise for The Panic of 1907
"Before reading The Panic of 1907, the year 1907 seemed like a long time ago and a different world. The authors, however, bring this story alive in a fast-moving book, and the reader sees how events of that time are very relevant for today's financial world. In spite of all of our advances, including a stronger monetary system and modern tools for managing risk, Bruner and Carr help us understand that we are not immune to a future crisis."
-Dwight B. Crane, Baker Foundation Professor, Harvard Business School
"Bruner and Carr provide a thorough, masterly, and highly readable account of the 1907 crisis and its management by the great private banker J. P. Morgan. Congress heeded the lessons of 1907, launching the Federal Reserve System in 1913 to prevent banking panics and foster financial stability. We still have financial problems. But because of 1907 and Morgan, a century later we have a respected central bank as well as greater confidence in our money and our banks than our great-grandparents had in theirs."
-Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets, and Professor of Economics, Stern School of Business, New York University
"A fascinating portrayal of the events and personalities of the crisis and panic of 1907. Lessons learned and parallels to the present have great relevance. Crises and panics are as much a part of our future as our past."
-John Strangfeld, Vice Chairman, Prudential Financial
"Who would have thought that a hundred years after the Panic of 1907 so much remained to be written about it? Bruner and Carr break significant new ground because they are willing to do the heavy lifting of combing through massive archival material to identify and weave together important facts. Their book will be of interest not only to banking theorists and financial historians, but also to business school and economics students, for its rare ability to teach so clearly why and how a panic unfolds."
-Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University, Graduate School of Business
"...great academic study, which was meant to be a warning. It reads like a description of what has just happened." (Financial Times, 18th August 2007)
"A dull textbook it's not: Most chapters amount to six or seven pages of storytelling with cliffhangers... entertaining read..." (Bloomberg News, Friday 24th August 2007)
"...the definitive guide to the stock market panic of '07" (The Times, Thursday 13th September 2007)
"Well worth reading" (The Business, Saturday 15th September 2007)
"With this book as their guide, readers will take away important insights...developing a deeper understanding of financial markets" (What Investment?, November 2007)
"a useful book on market contagion" (bloomberg.com, Wednesday 5th December 2007)
