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Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves |  | Author: Andrew Ross Sorkin
Publisher: Viking Adult
Category: Book
List Price: $32.95
Buy New: $19.26
as of 3/11/2010 14:43 CST details
You Save: $13.69 (42%)
Seller: Amazon.com
Rating:  reviews
Sales Rank: 131
Media: Hardcover
Pages: 624
Number Of Items: 1
Shipping Weight (lbs): 2.1
Dimensions (in): 9.3 x 6.5 x 2
ISBN: 0670021253
Dewey Decimal Number: 330.9730931
EAN: 9780670021253
ASIN: 0670021253
Publication Date: October 20, 2009
Availability: Usually ships in 24 hours
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| Features:
| • | ISBN13: 9780670021253 | | • | Condition: NEW | | • | Notes: Brand New from Publisher. No Remainder Mark. |
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| Editorial Reviews:
Product Description
A real-life thriller about the most tumultuous period in America’s financial history by an acclaimed New York Times Reporter
Andrew Ross Sorkin delivers the first true behind-the-scenes, moment-by-moment account of how the greatest financial crisis since the Great Depression developed into a global tsunami. From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the world’s economy.
“We’ve got to get some foam down on the runway!” a sleepless Timothy Geithner, the then-president of the Federal Reserve of New York, would tell Henry M. Paulson, the Treasury secretary, about the catastrophic crash the world’s financial system would experience.
Through unprecedented access to the players involved, Too Big to Fail re-creates all the drama and turmoil, revealing never disclosed details and elucidating how decisions made on Wall Street over the past decade sowed the seeds of the debacle. This true story is not just a look at banks that were “too big to fail,” it is a real-life thriller with a cast of bold-faced names who themselves thought they were too big to fail.
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| Customer Reviews:
 Great book March 11, 2010
S. Adelhelm
Great book. I just finished reading and loved it. It's a page turning story of the financial crisis that navigates all of the events prior to Bear Stearns imploding to the end of the Great Recession. Andrew Ross Sorkin is an amazing writer on DealBook and this book just shows how great he truly is.
Hell on earth March 10, 2010
William M. Doolittle Jr.
What a great book. It describes in detail a hell on earth where greed triumphs over everything. It is hard, in the end, not to feel sorry for these "executives" even as they wreck the economy and millions of innocent people's lives. They have lost nearly everything but money as the author makes very clear. As long as they were knife each other in the back, why should we care. But when they "knife" millions of loyal , hardworking Americans, then something should be done to them. Not now , though, because we live live in a plutocracy.
A good book March 5, 2010
Lonnie Lewis (Detroit, MI)
1 out of 1 found this review helpful
Read this book if: you want the behind-the-scenes look at the conversations and day-to-day events leading up to the failing/rescue of Lehman Bros, AIG, Morgan Stanley, etc.
Don't read this book if: you are looking for background on commercial banks, investment banks, CDOs, credit default swaps, and other aspects contributing to what caused the problems.
Overall, a good book.
The Definitive Book of the Financial Crisis of 2008 March 3, 2010
Sparrowhawk (New York, NY)
1 out of 1 found this review helpful
This book is the authoritative version of the market turmoil that brought the financial system to its knees in the Fall of 2008. It deserves its place in the pantheon of financial classics such as When Genius Failed, Liar's Poker, and Barbarian's at the Gate. The author tells a gripping behind-the-scenes narrative that is highly readable and entertaining. Especially for a New York Times reporter, the author is well balanced and fair in his treatment of the people and events involved. The book is incredibly well researched with an amazing amount of detail that really places the reader in the middle of the action. Despite it's length, the book is a very smooth read as it is well organized and the fast pace keeps the pages turning.
Informative and gripping March 1, 2010
P. L. Duncanson
1 out of 1 found this review helpful
This is a fascinating account with a lot of inside information that almost puts the reader in the shoes of the major personalities. At times it reads like a suspense thriller, and even though much of the outcome is commonly known, I couldn't wait to see what happened next. I found myself rooting for the "bad guys" (the bankers and the government officials who caused this mess) more than once, partly because you want them to find the solution and partly because you get a close look at how the crisis affected them personally.
Some of the chronology is out of sequence, especially in the first half of the book, and some of the technical terminology and mechanics of the financial system are not adequately explained for the layman. The interconnections between the various institutions was mind-boggling, but that seems to be just as much an indication of the overall problem as it is a shortcoming of the book.
The author's conclusions are thought-provoking and tie all the events together nicely. All in all a good read.
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