Imatge de l'autor

Sobre l'autor

Andrew Ross Sorkin is an assistant editor of business and finance news at The New York Times. He is also The New York Times chief mergers and acquisitions reporter and a columnist and the editor of DealBook an online daily financial report. Sorkin is a graduate of Cornell University. Too Big to mostra'n més Fail: How Wall Street and Washington Fought to Save the Financial System - and Themselves is Sorkin's first book. Sorkin has appeared on NBC's "Today" show and on "Charlie Rose" on PBS, and is a frequent guest host of CNBC's "Squawk Box." He's won a Gerald Loeb Award in 2004, a Society of American Business Editors and Writers Award in 2005 and in 2006. In 2007, the World Economic Forum named him a Young Global Leader. He was also named to the Directorship 100, a list of the most influential people on the nation's board of directors. He is a term member of the Council on Foreign Relations. Sorkin and his wife live in Manhattan. (Bowker Author Biography) mostra'n menys
Crèdit de la imatge: Larry D. Moore

Obres de Andrew Ross Sorkin

Etiquetat

Coneixement comú

Data de naixement
1977-02-19
Gènere
male
Nacionalitat
USA
Lloc de naixement
New York, New York, USA
Educació
Cornell University
Scarsdale High School
Professions
journalist
Organitzacions
The New York Times

Membres

Ressenyes

There are few people alive today that experienced the onset of the Great Depression nor seeing reactions in real time or the in-depth analysis of financiers, pundits, government officials, and politicians however that isn’t the case for the beginning of the Great Recession. 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 that provides an overview of the 2007-8 financial crisis from the aftermath of the sale of Bear Stearns to the creation of TARP.

The main figures throughout the book are Treasury Secretary Henry ‘Hank’ Paulson and his staff, Fed Chair Ben Bernanke, and President of the Federal Reserve Bank of New York Tim Geithner though throughout the first half of the book the major secondary figure was Lehman Brothers CEO Dick Fuld. While Sorkin covers all the threads of the slowly deteriorating of the economic environment, it’s Fuld and Lehman Brothers that is focus due to their bankruptcy leading to one of---if the most---tumultuous weeks on Wall Street, in Washington, and around the world in financial history. Let’s be clear, there are no heroes presented just people finding their worldviews getting a serious reality check as they stare into the abyss. Through Fuld is in no way a sympathetic individual, Sorkin’s writing does make him a tragic figure whose efforts to save his company were at times undermined by his own brash bravado to the point that in the end his subordinates cut him out of the increasingly futile efforts to save the company. Though originally written and published a little over a year after the dark days of September and October 2008, there is some fuzziness on the state of the world then when viewed 15 years later and the afterworld written for this 10th anniversary edition only shows a little of the long-term effects and aftershocks that are affecting the world today.

Too Big to Fail chronicles the inside story of how the financial system imploded even as Wall Street and Washington struggled to save it. Andrew Ross Sorkin portrays the situation in understandable terms and presents the participants as people struggling against a situation that undermines their preconceived notions without prejudice or favor.
… (més)
 
Marcat
mattries37315 | Hi ha 45 ressenyes més | Mar 26, 2023 |
Pretty gripping, almost thriller-ish. Made me appreciate the hard work of the Feds though I don't feel much better about the bankers who got us into the mess and still haven't paid a price for it.
 
Marcat
squealermusic | Hi ha 45 ressenyes més | Mar 16, 2023 |
“At its core Too Big to Fail is a chronicle of failure - a failure that brought the world to its knees and raised questions about the very nature of capitalism. It is an intimate portrait of the dedicated and often baffled individuals who struggled… to spare the world and themselves an even more calamitous outcome. It would be comforting to say that all the characters depicted in this book were able to cast aside their own concerns… and join together to prevent the worse from happening. But as you’ll see, in making their decisions, they were not immune to the fierce rivalries and power grabs that are part of the long-established cultures on Wall Street and in Washington. In the end this drama is a human one, a tale about the fallibility of people who thought they themselves were too big to fail.”

This book follows the key people and businesses involved in the 2008 Financial Crisis. It goes into the details of conversations, conference calls, executive-level meetings, deals that almost took place, and who said what. It documents the sequence of events from the time of the initial warning bells, the fall of Bear Stearns, and ends with the “bailout” and its immediate aftermath. It takes the reader behind the scenes of the financial markets and is based upon hundreds of interviews. Published in 2009, it does not analyze the reasons behind the collapse, other than at a very high level.

The author focuses in on Lehman Brothers and, to a lesser extent, on American International Group (AIG) as the centerpiece of the narrative. There is a very large cast of characters (a helpful list is provided), which can occasionally be a bit overwhelming, but overall, I found it an easy-to-follow, page-turning chronicle. Sorkin sticks to the facts with little editorializing. It contains plenty of business and financial jargon and could have benefited from a bit more explanation for those not fully versed in these topics. It is a lengthy book (over 600 pages) and I think a few details (such as who drinks what types of beverages), could have been eliminated and not lost any of the important information. Recommended to anyone with a desire to understand the chain of events during the Financial Crisis.
… (més)
 
Marcat
Castlelass | Hi ha 45 ressenyes més | Feb 9, 2023 |
Almost exactly 2 years later. Still pretty good. Still, I think, gives the perpetrators a lot of credit.
 
Marcat
Adamantium | Hi ha 45 ressenyes més | Aug 21, 2022 |

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Estadístiques

Obres
6
Membres
1,775
Popularitat
#14,503
Valoració
3.9
Ressenyes
46
ISBN
27
Llengües
4
Preferit
1
Pedres de toc
40

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