“9/11 was not only a shock to the people, it was a shock to the financial world. “Resurrecting the Street: How the U. S. Markets Prevailed After 9/11” analyzes the financial story behind 9/11, how key people in the markets being lost or killed and the massive shut down of business and other places led to a very unique period of business. Through dedication and drive, the markets recovered, but their road to recovery is one unique in history. “Resurrecting the Street” is well worth considering for anyone who wants another angle to the crisis of 9/11.”
– Midwest Book Review
“Although the focus is on recovery of Govie markets, the book’s human interest elements should appeal to a broad segment of readers, as it is truly a story of transformation on many levels. Like its Biblical reference to bringing Wall Street back to life, Resurrecting the Street is a testament to the strength and resiliency of the people in the financial industry, despite personal loss and uncertainty.”
– Cindy Kryszak, ForeWord Clarion Review, July 26, 2011
“I think that it should be required reading for any one learning about the financial sector. It will show that it is not just about numbers. Resurrecting The Street is an excellent historical account on the events of that auspicious day.”
“My review of this book can be summed up in two words: Read it! All of us in the financial community can learn from this volume. It reads relatively easily and its lessons could be critical…While the book is poignant, it is not mawkish. It belongs as part of the permanent history of 9/11. All economic and business history courses should make this book required reading.”
– RMA Journal
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 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, dealing 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. 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 paralysis. 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.