Resurrecting the Street: Overcoming the Greatest Operational Crisis in History

Resurrecting the Street Overcoming the Greatest Operational Crisis in History The events of presented the financial industry with the greatest operational crisis in its history Key officials were killed others could not be located Primary and backup sites were unavailable

  • Title: Resurrecting the Street: Overcoming the Greatest Operational Crisis in History
  • Author: Jeff Ingber
  • ISBN: null
  • Page: 401
  • Format: Paperback
  • The events of 9 11 presented the financial industry with the greatest operational crisis in its history Key officials were killed others could not be located Primary and backup sites were unavailable or inadequate Massive amounts of critical data were lost, and there was a crushing inability to communicate, locate or verify information It was not known for a time whicThe events of 9 11 presented the financial industry with the greatest operational crisis in its history Key officials were killed others could not be located Primary and backup sites were unavailable or inadequate Massive amounts of critical data were lost, and there was a crushing inability to communicate, locate or verify information It was not known for a time which firms could participate in the markets and to what degree, nor was it clear to what extent certain markets had been damaged and when they should reopen Nor could the human impact of the 9 11 events be divorced from the business issues Those grappling to restore the markets had to cope with their own feelings of anxiety, shock and loss, and to deal with a uniquely horrific blend of personal and professional difficulties This book tells of the regeneration of the U.S markets, day by day, immediately following 9 11, with a focus on the U.S Government securities market The bottom line is that 9 11 brought the most important financial market in the world the one looked to by investors globally for safety in times of trouble to the brink of collapse The crisis was ultimately resolved through the willpower and wisdom of groups of disparate individuals, accompanied by an unprecedented climate of cooperation among fierce competitors that embodied the American spirit at its finest.

    One thought on “Resurrecting the Street: Overcoming the Greatest Operational Crisis in History”

    1. First let me tell you why I decided to review this book. When I first got the email asking if I wanted to review this book I thought “No. I’m not an investor, I get my tax return and put it in my savings. I don’t know the difference between a stock and a bond. Is there a difference between a stock and a bond?” Interestingly, these are the reasons I decided to read the book. I thought this could be the ultimate test, if someone who thinks it was a great accomplishment to find the ‘lost [...]

    2. This book is a remarkably insightful, thoughtful, thorough and sensitive telling of events that brought back U.S. trading markets following the devestating 9/11 attack. Much of the detail goes well beyond my limited knowledge of market processes and operations but the inclusion of individuals' personal contributions to restoration of business, as well as their stories and comments, makes this a very human story, too.The writing is flawless, and the author obviously has a tremendously clear under [...]

    3. 9/11/2015: Fourteen years later - an intensive retrospectiveNew York Author Jeff Ingber is a graduate of Queens College and NYU Law School and has worked in the financial industry for over three decades, including holding senior positions with Citigroup and The Depository Trust & Clearing Corporation. Jeff currently is a Senior Vice President with The Federal Reserve Bank of New York. He witnessed the infamous 9/11, researched it on every level, focusing on the disaster to the US Markets.Wri [...]

    4. ForeWord Clarion ReviewHISTORYResurrecting the Street: How U.S. Markets Prevailed After 9/11 Jeff Ingber CreateSpace978-1456519896 Five Stars (out of Five)“The days immediately following 9/11 presented the financial industry with the greatest operational crisis in its history,” writes author Jeff Ingber in Resurrecting the Street. The attack presented a disaster recovery challenge on a scale unlike any experienced before. Even more notable is that many of the people touched by the tragedy we [...]

    5. In the spirit of full disclosure I must tell you up front that the author of this book, Jeff Ingber was my manager at Citi for 2 years. Even thought I have 25 years working in the financial industry, the last kind of book I would ever want to read on my own time is about the investment markets. However, I had to wonder what my former boss knew or had to say about 9/11. So I ordered it and never looked back. Although some of the more complex investment information was a bit over my head I continu [...]

    6. Resurrecting the Street: A telling of the impact 9/11 had on the financial infrastructure of the US. Most everyone who was alive on that day, has seen the footage from when the towers fell and is aware of the copious amount of lives lost. However most of the US population have no clue what was housed in those offices. That the World Trade Center complex is, at heart, one of our biggest financial markets. With the lost of key personnel and 35 million square feet of office space it brought the fin [...]

    7. It is a rare thing for a book to so dramatically shift your perspective on a global event, particularly one as universally felt as 9/11. This book was a masterpiece of investigative journalism and blunt, honest truths about the days that followed one of our world's most recent tragedies. As an America, I have always viewed the events of that day from my perspective as a non-financial worker, but given the events of 2008 and the impact that true economic collapse can have on the world, this story [...]

    8. Author Jeff Ingber saw first-hand the demise of the Twin Towers, and its ensuing devastation. He describes how there was ‘a human lack of ability to process’ the catastrophic destruction surrounding everyone. He also was aware of how widely it affected the national financial infrastructure. And that is the information relayed in the pages of this book.It amazed me the measures that were taken to keep the financial industry running. I could see how the public would think it was insensitive to [...]

    9. Along with many other people, I know that 9/11 caused a lot of tragic times for many families, but I didn't know exactly how hard it impacted the United States financially. This book was an absolutely incredible read. It was kind of hard to read at times because it brought back so many memories of the tragedy. It is a well-written book. Jeff Ingber told the story with an inside look. This book is different than others I have read about the tragic time. It didn't take me long to complete the book [...]

    10. RESURRECTING THE STREET by Jeff Ingber is a powerful and informative Economics/Financial Market about the aftermath of 9/11. Well researched with foot notes of the financial industry after the 9/11 crisis. It is packed full of information,the shock of so much loss,the impact on our nation's Financial Market,and the restoration and regeneration of the U.S Markets following the 9/11 attacks. A powerful book! A must read for any who enjoys learning more on the financial impact on a nation under att [...]

    11. Resurrecting the Street: Overcoming the Greatest Operational Crisis in History by Jeff Ingber is a 308 page novel. It has preface, fourteen chapters, acknowledgements and an Appendix. This book is one of the best researched that I’ve read on the subject. I was transported back in time and witnessed the event in a new light. I have to commend Ingber on his dedication to make this information as clear as possible. I cannot imagine the amount of time it took to research everything in such detail. [...]

    12. I think it's probably impossible not to like this book. It takes the reader blow-by-blow through the events of 9/11 and the immediate aftermath while the financial center of the United States remained crippled until intrepid gurus and techies got it up-and-running again. At first blush it looks like a long book, but it's really not. It's just incredibly well researched. Fully 1/3 of the text are footnotes backing up the descriptions made by the author. Reading it, one finds oneself transported b [...]

    13. A first hand account of the loss of financial records after the attacks of 9/11. There were actually brokers and bank employees that stayed on wall street in order to gather as many financial records as possible. This book details the underlying crisis of information loss during catastrophe that can cripple whole infrastructures. Actually an exciting read. For a non-fiction book, it has the feel of a fictional drama.

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