Too Big to Fail: The Inside Story of How Wall Street and by Andrew Ross Sorkin

By Andrew Ross Sorkin

Named a top ebook of the yr by: The Economist, The monetary instances, company Week, and 800-CEO-Read

Winner of the Gerald Loeb Award for top enterprise Book

Too huge To Fail is too solid to place down. . . . it's the tale of the actors within the so much remarkable monetary spectacle in eighty years, and it's instructed brilliantly.” The Economist 

“Vigorously suggested, fantastically equipped . . . For these people who didn’t pursue MBAs—and have the penny-ante salaries to turn out it—Sorkin’s ebook deals a transparent, cogent rationalization of what occurred and why it matters.” —Julia Keller, Chicago Tribune

“Sorkin’s prodigious reporting and energetic writing placed the reader within the room for a number of the biggest-dollar convention calls in heritage. It’s an exciting, brisk book.” Paul M. Barrett, The ny occasions booklet Review 

“Sorkin’s densely special and miraculous narrative of the epic monetary situation of 2008 is a rare success that might be demanding to surpass because the definitive account.” —John Gapper, Financial Times 

A brilliantly said true-life mystery that is going backstage of the monetary main issue on Wall highway and in Washington, the root for the HBO film 

in a single of the main gripping monetary narratives in a long time, Andrew Ross Sorkin-a New York Times columnist and one of many country's most precious monetary reporters-delivers the 1st definitive blow- by-blow account of the epochal financial main issue that introduced the realm to the threshold. via unheard of entry to the avid gamers concerned, he re-creates all of the drama and turmoil of those turbulent days, revealing never-before-disclosed info and recounting how, inspired as usually via ego and greed as through worry and self-preservation, the main robust women and men in finance and politics made up our minds the destiny of the world's economic climate.

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Additional resources for Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves

Example text

Fuld, your shoes aren’t shined,” the officer barked. “Yes they are, sir,” he began to answer. But before he could get the words out of his mouth, the officer stomped on Fuld’s left shoe and sullied it. He ordered Fuld to go back to the dorm and shine it, which he did without complaint. When Fuld returned, the officer then stepped on his right foot—and again sent him back to the dorm. By the time Fuld returned, the officer had turned his attention to the next person in line, a diminutive student.

Gorman, co-president Colm Kelleher, executive vice president, chief financial officer, and co-head, strategic planning Robert A. Kindler, vice chairman, investment banking Jonathan Kindred, president, Morgan Stanley Japan Securities Gary G. Lynch, chief legal officer John J. Mack, chairman and chief executive officer Thomas R. Nides, chief administrative officer and secretary Ruth Porat, head, financial institutions group Robert W. Scully, member, office of the chairman Daniel A. Simkowitz, vice chairman, global capital markets Paul J.

Let them live, and they became self-fulfilling prophecies. As he fumed to the Washington Post at the time, “Each and every one of these rumors was proved to be incorrect. ” One of the people on Fuld’s callback list that morning was Susanne Craig, a hard-nosed reporter at the Wall Street Journal who had been covering Lehman for years. ” But this morning she had called trying to convince him to be interviewed on the record. She pitched it as a way for him to silence the critics, to explain all the advance planning Lehman had done.

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