Too Big to Fail
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves
Author
Andrew Ross Sorkin
Published Date
2009
Page Count
600
Overview
“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 is a gripping account of the 2008 financial crisis. Sorkin, a financial journalist, provides a detailed chronicle of the events leading up to the crisis, the decisions made by key players in government and finance, and the aftermath of the collapse. The book offers an in-depth look at the struggle to prevent a complete meltdown of the global financial system.
Key Themes
- Events Leading to the Financial Crisis: Explores the decisions and events that led to the collapse of major financial institutions in 2008.
- Government and Wall Street Response: Chronicles the response of the U.S. government and Wall Street to the unfolding crisis.
- Behind-the-Scenes Insights: Provides an insider’s view of the negotiations, power struggles, and decision-making processes during the crisis.
- Impact on Global Economy: Discusses the implications of the crisis on the global financial system and economy.
Historical Context
The book is set against the backdrop of the most significant financial crisis since the Great Depression, offering a contemporaneous account of the events and decisions that shaped the response to the crisis.
Author’s Background
Andrew Ross Sorkin is a financial journalist for The New York Times and the founder of DealBook. His access to key figures in finance and government provides a detailed and insider perspective on the crisis.
Impact and Legacy
“Too Big to Fail” has been acclaimed for its thorough reporting and compelling narrative, offering one of the most comprehensive accounts of the 2008 financial crisis.
Strengths and Weaknesses
Strengths: The book’s detailed reporting and engaging storytelling provide a vivid and informative account of the crisis.
Weaknesses: The complexity and detail of the narrative may be overwhelming for readers looking for a more general overview of the crisis.
Who Should Read This?
Ideal for readers interested in financial history, economics, and those seeking a detailed account of the 2008 financial crisis and its impact on the global economy.
Similar Books
- “The Big Short: Inside the Doomsday Machine” by Michael Lewis: Offers a narrative account of the financial crisis, focusing on those who bet against the housing market.
- **”The Financial Crisis Inquiry Report”: The official government report providing a comprehensive analysis of the causes of the 2008 financial crisis.
Final Thoughts
“Too Big to Fail” is a landmark work in financial journalism, providing an essential and detailed chronicle of the events and decisions that shaped the 2008 financial crisis.