Too Big To Fail: The Inside Story Of How Wall Street And Washington Fought To Save The Financials…

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Too Big To Fail: The Inside Story Of How Wall Street And Washington Fought To Save The Financials…

by Andrew Ross Sorkin

Penguin Publishing Group | September 7, 2010 | Trade Paperback

Too Big To Fail: The Inside Story Of How Wall Street And Washington Fought To Save The Financials Ystem--and Themsel is rated 3 out of 5 by 1.
A brilliantly reported true-life thriller that goes behind the scenes of the financial crisis on Wall Street and in Washington.

In one of the most gripping financial narratives in decades, Andrew Ross Sorkin-a New York Times columnist and one of the country''s most respected financial reporters-delivers the first definitive blow- by-blow account of the epochal economic crisis that brought the world to the brink. Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world''s economy.

Format: Trade Paperback

Dimensions: 640 pages, 8.43 × 5.48 × 1.42 in

Published: September 7, 2010

Publisher: Penguin Publishing Group

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0143118242

ISBN - 13: 9780143118244

Found in: Economic History

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Reviews

Rated 3 out of 5 by from This book fleshes out the movie of the same name I greatly enjoyed reading this book and understanding the relationships between all of the major players on the private broker-bank side and on the government side. The interplay between all the major participants was fascinating. I had always assumed that "power players" knew each other but I wasn't aware just how inter-connected they all were until I read this book. This book embodies the principle that "who-you-know" counts more than almost any other factor on the way up to the corporate suite; it's a factor that certainly counts a lot more than talent, merit or personality. In my opinion, the major downfall of this book is that it never explains in a direct and simple manner why Bear Sterns failed and/or why the liquidity crisis started in the first place. While the book provides excessive details about the steps taken to avoid the complete collapse of the global financial system, it fails to properly or adequately clarify to the reader all of the problems/issues/factors which led up to the credit crisis in the first place.
Date published: 2015-01-01

– More About This Product –

Too Big To Fail: The Inside Story Of How Wall Street And Washington Fought To Save The Financials…

by Andrew Ross Sorkin

Format: Trade Paperback

Dimensions: 640 pages, 8.43 × 5.48 × 1.42 in

Published: September 7, 2010

Publisher: Penguin Publishing Group

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0143118242

ISBN - 13: 9780143118244

About the Book

Acclaimed "New York Times" reporter 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.

Read from the Book

PROLOGUE Standing in the kitchen of his Park Avenue apartment, Jamie Dimon poured himself a cup of coffee, hoping it might ease his headache. He was recovering from a slight hangover, but his head really hurt for a different reason: He knew too much . It was just past 7:00 a.m. on the morning of Saturday, September 13, 2008. Dimon, the chief executive of JP Morgan Chase, the nation’s third largest bank, had spent part of the prior evening at an emergency, all-hands-on-deck meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs. Their assignment was to come up with a plan to save Lehman Brothers, the nation’s fourth-largest investment bank—or risk the collateral damage that might ensue in the markets. To Dimon it was a terrifying predicament that caused his mind to spin as he rushed home afterward. He was already more than two hours late for a dinner party that his wife, Judy, was hosting. He was embarrassed by his delay because the dinner was for the parents of their daughter’s boyfriend, whom he was meeting for the fi rst time. “Honestly, I’m never this late,” he offered, hoping to elicit some sympathy. Trying to avoid saying more than he should, still he dropped some hints about what had happened at the meeting. “You know, I am not lying about how serious this situation is,” Dimon told his slightly alarmed guests as he mixed himself a martini. “You’re going to read about it
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From the Publisher

A brilliantly reported true-life thriller that goes behind the scenes of the financial crisis on Wall Street and in Washington.

In one of the most gripping financial narratives in decades, Andrew Ross Sorkin-a New York Times columnist and one of the country''s most respected financial reporters-delivers the first definitive blow- by-blow account of the epochal economic crisis that brought the world to the brink. Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world''s economy.

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.

Editorial Reviews

"...comprehensive and chilling..." - TIME "...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." - BusinessWeek "...meticulously researched...told brilliantly. Other blow-by-blow accounts are in the works. It is hard to imagine them being this riveting." - The Economist "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." - Financial Times "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." -Tom Wolfe "...Sorkin has succeeded in writing the book of the crisis, with amazing levels of detail and access." -Reuters "Sorkin can write. His storytelling mak
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