Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System--and Themselves Paperback – Sep 7 2010
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"...comprehensive and chilling..."
"...his action scenes are intimate and engaging..."
-The New Yorker
"Sorkin's prodigious reporting and lively writing put the reader in the room for some of the biggest-dollar conference calls in history. It's an entertaining book, brisk book...Sorkin skillfully captures the raucous enthusiasm and riotous greed that fueled this rational irrationality."
-The New York Times Book Review
"...brings the drama alive with unusual inside access and compelling detail...A deeply researched account of the financial meltdown."
"...meticulously researched...told brilliantly. Other blow-by-blow accounts are in the works. It is hard to imagine them being this riveting."
"Sorkin's densely detailed and astonishing narrative of the epic financial crisis of 2008 is an extraordinary achievement that will be hard to surpass as the definitive account...as a dramatic close-up, his book is hard to beat."
"Sorkin's book, like its author, is a phenom...an absolute tour de force."
-The American Prospect
"Andrew Ross Sorkin pens what may be the definitive history of the banking crisis."
-The Atlantic Monthly
"Andrew Ross Sorkin has written a fascinating, scene-by-scene saga of the eyeless trying to march the clueless through Great Depression II."
"...Sorkin has succeeded in writing the book of the crisis, with amazing levels of detail and access."
"Sorkin can write. His storytelling makes "Liar's Poker" look like a children's book."
About the Author
Andrew Ross Sorkin is the award-winning chief mergers and acquisitions reporter for The New York Times, a columnist, and assistant editor of business and finance news. He is also the editor and founder of DealBook, an online daily financial report. He has won a Gerald Loeb Award, the highest honor in business journalism, and a Society of American Business Editors and Writers Award. In 2007, the World Economic Forum named him a Young Global Leader.
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Top Customer Reviews
At one point, during hastily called talks to plug a sudden $50,000,000,000 plus funding shortfall at AIG (yes, that's right, suddenly they were short about $50 billion dollars), one of the investment bankers involved does a quick calculation that his firm could make $2,500,000,000 in underwriting commissions. Is it any wonder that folks on Main Street have a deep mistrust and antipathy towards Wall Street? The whole situation seems too bizarre to even pass as fiction. In the end, AIG was sinking too quickly, and the government bailed them out; the investment banker would have to look elsewhere for a $2.5 billion fee.
Bear Stearns' collapse happened in March 2008, and Sorkin spends the first third of the book providing interesting background detail on the major players, both individuals and institutions, and letting Lehman's precarious situation build.Read more ›
The story is told with a humanity that makes the affairs of the powerful men and women involved understandable, and provides a blow by blow description of exactly what happened on Wall Street when suddenly trillions of dollars began evaporating into thin air, and threatened the entire system of interconnected world finance.
Andrew Ross Sorkin skillfully takes the reader into the meetings and conferences in The Federal Reserve and the great institutions of Wall Street to witness the struggle to solve a crisis that threatened to topple the global financial structure.
He has organized the chaos of uncertainty and panic that reigned, twenty four hours a day during this period, into a well told story that is truly difficult to put down.
We all hope that this incredible affair will have taught the powers that be a lesson that will guide them, not only to prevent the same thing from happening all over again, but that they will correct the grave errors that precipitated the crisis in the first place.
The rest of us ordinary mortals hope to be able to go on enjoying our ordinary lives.
Most recent customer reviews
Gee, let me think. Ummm......AWESOME
ELECTRIFYING AND IMPRESSIVE. Period. Seriously, Sorkin must be a genius to be able to put this all together. Read more
We followed this story as it happened and this book is an excellent accounting of the whole mess. It remains a story with many victims and no perpetrators; justice failed. Read morePublished on Dec 15 2013 by Leonard Pacelli
The hype created by the movie promises a quality that the book simply fails to deliver. Unfortunately for the reader, the book suffers from a "rush to publish" that left research... Read morePublished on Sept. 5 2011 by Tag Canada
Excellent book. Makes you feel as if you were right there as everything was happening from the Fed's to the Big players boardroom's.Published on July 5 2010 by Darcy J. Neepin
I usually avoid "exposés" as the authors tend to exaggerate and overstate their case. However, it is evident that Andrew Sorkin has done in-depth research on the economic... Read morePublished on Feb. 23 2010 by Jeffrey Sidel
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