| Summaries and Customer Reviews are supplied by Amazon.com | 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. | Average Customer Rating: Too big to Fail One of the best I have read this year. A must read for any investor in the markets. Reads like a novel only scarier!! One of the best reads ever!! Even if you think you knew what was going on you were wrong. This was truely an amazing piece of history to survive! Well-researched and objective... Just finished the book and felt compelled to write a review. First, I agree with those who say that low rankings based on price have no place in this type of forum. These people are vindictive and bitter and have better things to do with their time (and they know it). Second, I found the number of typos a bit odd, but I'm convinced that it has to do with the scanning process or whatever they use to transfer the text into Kindle format. All that said, this is a remarkably well-researched and easy-to-follow account of the scramble behind the scenes during fall 2008. History will ultimately be the best judge, but for anyone looking to better understand what happened, this is an excellent place to start. Terribly disappointing. Anyone wanting thoughtful analysis and insight into how America fell into the biggest financial mess since the Great Depression -- and why regulators responded as they did -- should look elsewhere. Too Big To Fail is an almost endless regurgitation of what various bankers said in meetings among themselves and with regulators. Interesting, though poorly written If you are looking for a decent insight as to what happened to the financial world 12 months ago, this is not a bad place to start. It seems to be relatively well researched as to the details of the problems we faced, and I would say I learned a lot.
That said, this is not a book without it's problems. The author seems far too impressed with the power many of the Wall Street bankers have, and is somewhat sycophantic towards them. There are some awful passages where he attempts to set the scene by explaining things like the cars they have, or the watches they wear. It's as if he is sucking up to them.
One other criticism, for those of us that read the Kindle version, it is riddled with typographical errors. There were multiple places where text was repeated for no reason, and the justification of the text was frequently wrong. I expect better. | |