Too Big To Fail Book Reviews
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Click Here To Purchase "Too Big To Fail"
Product: Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System --- and Themselves
Company Name: Viking Adult (Written by Andrew Ross Sorkin)
Company Web Site: http://www.amazon.com
Twitter Account: http://twitter.com/andrewrsorkin
Headquarters: n/a
Founded: n/a
Category: Books
Description of Product:
"Too Big To Fail" by Andrew Ross Sorkin is the most in-depth look at the global financial collapse of 2007-2009 that has been published to date.
The book sheds an incredible amount of light on most of the major events that took place prior to, and during the implosion of the global economy in 2007 and 2008. Events that took place in the boardrooms of major Wall Street firms and on Capitol Hill are all beautifully retold and deconstructed for the average reader who may have been unsure of exactly what was taking place at the time.
All of the key players in the near-fatal economic collapse are included in this book. Dick Fuld of Lehman Brothers. Hank Paulson, the Treasury Secretary (and former Goldman Sachs bigwig) at the time of the meltdown. Jamie Dimon. George W. Bush. David Einhorn. The list goes on and on. Even Jim Cramer makes an appearance. All of their actions during the meltdown are recounted in painstaking detail.
If you are looking to gain some insight as to what exactly took place during the meltdown, then this is your book.
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Andrew Ross Sorkin is a columnist for the New York Times and the paper's chief M&A reporter.
Sorkin, who at 32 years of age is already one of the most respected financial columnists in the world, also founded DealBook in October of 2001.
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Reviews:
 Dave, Friday, November 27, 2009
Sorkin takes a very complicated subject (the near-collapse of the global economy) and makes it understandable for the average reader.
Having said that, this is a long book (620+ pages) that centers around a long list of different people. If you are a complete newcomer to the world of finance, then I fear that you would get overwhelmed with all of the different faces and pieces of information.
As great as Sorkin is at presenting some incredibly complex information and making it easy to digest and understand, many people might find themselves getting lost in the pages.
Having said that, if you do get through this book, then you will have a near-encyclopedic knowledge of the events that conspired to nearly take down the global economy in 2008.
A few other notes that I made after finishing this book:
-the amount of access that Sorkin must have had to write this book is mind-boggling. I frequently found myself asking "how did Sorkin know about this conversation or meeting?"
-it's interesting to get the backgrounds on the people that have been vilified in the press over the past few years. It's easy to forget that these are all people with families, and that these people all suffered mightily during the collapse of 2008.
-I found myself sympathizing with certain characters that I didn't expect to sympathize with. On the other hand, certain people came off looking even worse in this book.
-it's amazing how close we came to a complete meltdown of the global financial system in 2008
Overall, a challenging read, but also an extremely rewarding one. This is not light reading by any stretch, but if you want to learn more about this incredibly important period in the history of the country, then this is your book.
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