The Inside Story of How Wall Street - Too Big to Fail

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves (Hardcover)






Authors Andrew Ross Sorkin

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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.


Product Details
# Hardcover: 624 pages
# Publisher: Viking Adult (October 20, 2009)
# Language: English

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Reviews The Inside Story of How Wall Street - Too Big to Fail


The author has done remarkable research and has composed it into a highly readable account of the 2008 Financial Panic.

What surprised me was the extent to which the likes Paulson, Geithner, people at Goldman Sachs knew in early Spring that the dominoes had lined up and yet in a sense couldn't stop them from toppling. Conventional wisdom until now has been that Paulson & Bernanke were unprepared & totally blindsided by the sudden loss of confidence in September. Sorkin writes this was untrue, he has furnished a memo written by Neel Kashkari in early APRIL outlining a last-ditch "Break the glass" plan that later came out to be.....TARP!.

He also gives you an hour-by-hour account of that fateful week in Sept by telling the story of all the players. What would amaze you, is the sheer number of merger combinations that were attempted but didn;t succeed. Like JP Morgan buying Morgan Stanley for $1 a share, or Goldman merging with Citi, Paulson trying to entice Lewis to buy Lehman.

This book provides incredible insight into one of the most gut wrenching financial crises this nation has ever endured. And... You're arguing about pricing? And worse, basing your review on that! As someone else wrote, review the content -- that's what a book review is all about. And this one rates five stars for content.