A fascinating behind-the-scenes account of misguided government policies and corruption, which along with an unregulated shadow banking system, led to the 2008 financial crisis and may be leading us to a new crisis.
Written by two bank executives with firsthand experience of several financial crises, Nothing is Too Big to Fail holds a stiff warning about the future of finance and social justice—revealing how the US government’s fiscal and monetary policies are creating asset and debt bubbles that could burst at any time. The COVID-19 pandemic is just one of many risks that could derail our highly leveraged and fragile economic system.
The authors also tell how government actions are leading to inequitable distribution of wealth, destroying the middle class, reducing trust in government, and accelerating racial injustice.
No institution, government, or country is “too big to fail.” This book offers lessons learned from past crises and recommended actions for business and government leaders to take today to return our economic system and our democracy to a safer trajectory.
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Kerry Killinger was the chairman, president, and CEO of Washington Mutual Bank, the sixth largest depository bank in the country prior to the financial crisis of 2008. He graduated with a BBA with honors and an MBA from the University of Iowa. He is a chartered financial analyst (CFA) and a fellow in the Life Management institute. He was chair of the National Education Summit of Achieve and American Banker’s Banker of the year, received President George H.W. Bush’s Points of Light Award for his philanthropy, was vice chair and chair-elect of the Financial Services Roundtable, vice chair and chair-elect of the Federal Reserve’s Thrift Industry Advisory Council, and vice chair of the Federal Home Loan Bank of Seattle. He was elected to the American Society of Corporate Executives.
Currently Kerry is CEO of Crescent Capital and Linda is CEO of Olympic Consulting Partners, where they both invest in a number of fintech and entrepreneurial projects. They are very active in their communities and have served on dozens of nonprofit and for-profit boards.
All proceeds of this book will be donated to charity to aid in criminal and social justice, government reform, civil discourse, and community building.
Linda Killinger was vice chair of the Federal Home Loan Bank of Des Moines and chair of its audit/finance committee. She was also a consulting partner in an international accounting firm specializing in strategic planning and merger/acquisitions for financial institutions. She was the publisher and editor of Overseas Business magazine. Prior to that she was appointed by Governor Robert D. Ray as the director of administration for the Iowa Department of Human Services, which included the prison system, mental health hospitals, AFDC and other human service programs. She was appointed by Governor Vilsack to chair his Committee for a Comprehensive Housing Strategy for Iowa. She has a bachelor of science degree from Iowa State University, an MBA from Drake University, and completed additional graduate work at the Kellogg School of Management.
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