Too Big to Fail: The Inside Story of how Wall Street and Washington Fought to Save the Financial System from Crisis--and Themselves

Andrew Ross Sorkin

Viking, 2009 - Business & Economics - 600 pages

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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.

Contents

• Section 1: 1
• Section 2: 9
• Section 3: 36

About the author

Andrew Ross Sorkin is an assistant editor of business and finance news at The New York Times. He is also The New York Times chief mergers and acquisitions reporter and a columnist and the editor of DealBook an online daily financial report. Sorkin is a graduate of Cornell University. Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System - and Themselves is Sorkin's first book. Sorkin has appeared on NBC's "Today" show and on "Charlie Rose" on PBS, and is a frequent guest host of CNBC's "Squawk Box." He's won a Gerald Loeb Award in 2004, a Society of American Business Editors and Writers Award in 2005 and in 2006. In 2007, the World Economic Forum named him a Young Global Leader. He was also named to the Directorship 100, a list of the most influential people on the nation's board of directors. He is a term member of the Council on Foreign Relations. Sorkin and his wife live in Manhattan.

Bibliographic information

• Title: Too Big to Fail: The Inside Story of how Wall Street and Washington Fought to Save the Financial System from Crisis--and Themselves
• Author: Andrew Ross Sorkin
• Publisher: Viking, 2009
• Original from: the University of Michigan
• Digitized: Aug 5, 2011
• ISBN: 0670021253, 9780670021253
• Length: 600 pages
• Subjects: Business & Economics / Banks & Banking; Business & Economics / Economic Conditions; Business & Economics / Economic History; Business & Economics / Government & Business; Business & Economics / Industries / Financial Services; History / United States / 21st Century