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Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves by Andrew Ross Sorkin

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(Hardcover)

  • Pub. Date: October 2009
  • 600pp
  • Sales Rank: 89
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    Product Details

    • Pub. Date: October 2009
    • Publisher: Penguin Group (USA)
    • Format: Hardcover, 600pp
    • Sales Rank: 89

    Synopsis

    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 neverdisclosed 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.

    The New York Times - Paul M. Barrett

    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, brisk book…Sorkin skillfully captures the raucous enthusiasm and riotous greed that fueled this rational irrationality.

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    Biography

    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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