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 never disclosed 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.
Financial News | Europe tries to clear the too-big-to-fail hurdle Financial News When the television adaptation of Andrew Ross Sorkin's credit crisis book Too Big To Fail hit the small screen in the US in May last year, several reviewers mischievously asked whether there might be a sequel. Ensuring that isn't necessary is proving ... and more » |
GOP and "too big to fail" azcentral (blog) That means that the only practical alternative to "too big to fail" is to limit the size of financial institutions. That runs against Republican instincts. But right now, Republicans don't have much to say on the subject that's worth listening to. and more » |
Sydney Morning Herald | Despite Trading Debacle, JPMorgan Chase Really Is Too Big To Fail Huffington Post JPMorgan Chase is too big to fail. As the largest bank holding company in the United States, with assets approaching $2.5 trillion as reported under standard American accounting principles, it is inconceivable that JPMorgan Chase would be allowed to ... Clarence Page: 'Too big to fail,' too large to handle The Tennessean The Banks And Derivatives: Too Big To Fail Or Too Exposed To Be Saved? Seeking Alpha JPMorgan fiasco shows big-bank regulation isn't working Philadelphia Inquirer Reuters - Chicago Sun-Times - Greenville News all 1,651 news articles » |
INSIGHT-China pays high price to spare state firm from bankruptcy Reuters The bailout averted what would have been China's first ever bond default and was good news for domestic bond investors, who were reassured that in China even mid-sized state-owned firms can count on "too-big-to-fail" treatment. But for the long term, ... and more » |
Wall Street Journal | Bank Investors Bail on Too-Big-to-Fail Wall Street Journal JP Morgan's huge trading loss highlights why investors weary of too-big-to-fail are turning to small banks in droves, says David Reilly on Markets Hub. Photo: AP. Some smaller, less complex financial firms with more predictable earnings command higher ... and more » |
Washington Times | J.P. Morgan $2B loss renews debate on size Washington Times (AP Photo/Mark Lennihan) JP Morgan's announcement of a spectacular trading loss of $2 billion last week gives fuel to regulators who are inclined to slim down or at least stop the growth of such “too-big-to-fail” megabanks in the future, ... |
CBS News | How can we avoid "too big to fail"? CBS News As hard as it is to believe, four years after the federal government had to take unprecedented steps to prop up banks that were deemed "too big to fail," we have little to show as evidence that we've learned our lesson. Attempts at reform have been ... Will JPMorgan's $2 Billion Blunder Finally End 'Too Big to Fail'? TIME Regulation Spawns 'Banks Too Big to Fail' NewsMax.com Did Too Big To Fail Help Make JPMorgan's $2 Billion Loss Possible? Reason Online (blog) Reuters - Kennebec Journal all 9,030 news articles » |
The Ryan Budget Fails to Effectively Address Economic Challenges, Unlike the ... Huffington Post The budget would price carbon, thereby addressing global climate change, and tax financial speculation and leverage of "too big to fail" banks, thereby curbing systemic financial risk. Collectively, these policies would raise more revenue and restore a ... |
Technorati | From Mobile Market Maker to Mimicker: RIM Not Too Big To Fail Technorati Research in Motion, commonly referred to as RIM, has taken a stunning fall from grace that has raised eyebrows all around the business world and is likely to become a staple in business education. According to BBC News, the maker of the once popular ... and more » |
Too Big to Fail National Business Review BOOK REVIEW: Too Big to Fail: Inside the Battle to Save Wall Street, by Andrew Ross Sorkin ($12.52 on Amazon Kindle; read a free sample chapter here.). This is one of many books that have been published over the last three years detailing the financial ... |
