Saturday, November 28, 2009

"Too Big to Fail" by Alan Ross Sorkin

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


My rating: 5 of 5 stars
This book is a must read to understand how the financial crisis was handled by the companies involved in the meltdown, as well as the administration officials who were attempting to stave off a complete meltdown. This book reads like a novel and is the kind of book you just can't put down. It helps to humanize the "masters of the universe" as they struggled to save their companies, and in many cases, their own significant investments in their companies.

While there are some inaccuracies in how the author interpreted how investments were perceiving the crisis (esp in the excerpt from Vanity Fair), they seem to have been corrected in the Kindle version and do not take away from the narrative which is told.

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