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Too Big To Fail: The Inside Story Of How Wall Street And Washington Fought To Save The Financial System From Crisis — And Themselves (2009)

by Andrew Ross Sorkin(Favorite Author)

4.02 of 5 Votes: 1

ISBN

0670021253 (ISBN13: 9780670021253)

languge

English

genre

History & Biography

publisher

Viking Adult

review 1: Interesting account of what the upper echelon within the government and investment banks were doing between Bear Stearns and TARP. The author even manages to humanize men that at the heart of it all were grabbing cash hand-over-fist and bilking investors all the while they led their companies down the path to ruin. Don't expect much critical analysis of the conditions which created the crisis, that's not the aim here.
review 2: About as historical an account of the 2008 crisis as you can get, written by a financial newspaper man. I recommend reading After The Music Stopped by Alan S Binder, a member of the Federal Reserve at the time, to have a fuller picture of what has happened. To read more about the failure of financial innovation, how it hurts the economy... more, and how the danger goes unnoticed, read When Genius Failed and The Smartest Guys in the Room, about Long-Term Financial Capital and Enron respectively. Not much different in 2008 than 2000, just bigger and messier. less

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