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orld, the leaders who struggled to save it and the ordinary families who got crushed. September 2008 launched an extraordinary chain of events: • General Motors, the world's largest company, went bust. • Washington Mutual became the world's largest bank failure. • Lehman Brothers became the world's larges
Street banker, to try and avert further disaster. HOUR 2: A Global Tsunami The meltdown's devastation ripples around the world from California to Iceland and China. Facing economic ruin, desperate world leaders are at each other's throats. HOUR 3: Paying the Price The victims of the meltdown fight b
low probability of a security risk. In the private sector, there is usually an unambiguous external measure of failure. An automobile company such as General Motors can measure the per- formance of its executives by reckoning its change in net income. With secret intelligence work, the metrics for failure are far
lso had such a capability. The Silk Road founder, Ross Ulbricht, discovered to his distress that his Tor software did not make his computer server in Iceland invis- ible. According to a former top official in the Justice Department, the NSA was able to locate it by cracking the Tor software (Ulbricht is cu
o quality control. In the private sector, there is usually an unambiguous external measure of failure. For example, for an automobile company such as General Motors can measure the performance of its executive by reckoning it change in net income. With secret intelligence work, the metrics for failure are far les
n—I don’t want to, and I can’t,” he later explained. “It’s not my job. It’s not the relationship. Iam a journalist.” Although Gellman suspected that Iceland might be the foreign government in question, Snowden, as it turned, had not ever contacted the consulate of Iceland while he was in Hong Kong. “We ha
rm «st ttt ttt ee 415 Public Debt, Net Worth vs. Peers = st ttt tt ttt 416 Lessons Learned From Historical Debt Crisis - -- +--+ +++ eet etree 422 General Motors -- tt tt 431 Summary «ct ee 437 Appendix -- ss ttt 453 Glossary «tt ee xix Index + # @ #e eee we eee ew Ew ww ew ew ew ew ee ee Xxvii CB www.kpcb
| $0 Korea Japan Greece UK lreland Belgium Turkey Czech Republic Mexico Poland Hungary Slovak Republic Portugal New Zealand OECD average Finland Iceland Sweden Australia Denmark Netherlands Germany France Austria Canada Switzerland Norway Luxembourg Note: OECD data adjusted for Purchasing Power Parit
of GDP) 1998 — Russia ($73B — 27% of GDP) State / Local Financial Woes 1975 — New York City ($14B* Debt Outstanding) Corporate Bankruptcy 2009 — General Motors ($95B Debt Outstanding) Note: 1) Attributed to Mark Twain. *NYC government and subsidiaries had $14B debt outstanding in 1975. Adjusting for inflat
8 Austria Netherlands 9 Belgium Australia 9 Ireland Germany 10 France Germany 10 Sweden Switzerland 11 Austria Estonia 1 Czech Republic UK 12 Denmark Iceland 12 France Slovenia 13 Iceland Denmark 13 Norway Poland 14 Sweden Slovenia 14 USA ireland 15 Ireland Norway 45 Hungary Belgium 16 Norway . France 16 I
Entities connected to both General Motors and Ireland

Jeffrey Epstein
PERSON
Norway
LOCATION
Denmark
LOCATION
Finland
LOCATION
Belgium
LOCATION
Luxembourg
LOCATION
United Kingdom
LOCATION
Hungary
LOCATION
United States
LOCATION
Estonia
LOCATION
George W. Bush
PERSON
Bulgaria
LOCATION
Romania
LOCATION
Latvia
LOCATION
Lithuania
LOCATION
Slovenia
LOCATION
Marc Rich
PERSON
Barack Obama
PERSON
Donald Trump
PERSON
Croatia
LOCATION