Check It Out

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
New Book Shelf -- HB 3722 S659 2009

What happened in the world of high finance during September 2008 doesn't suit a simple story of heroes and villains, though in Andrew Ross Sorkin's reading of events, it does take on the form of a thriller. Sorkin, a business reporter and columnist for the Times, tells the story of how the financial crisis unfolded from the perspective of some of the giants of finance.

Too Big To Fail introduces the principals in the Wall Street firms at the heart of the risk-management crisis, and the point men and women for the Treasury and the Federal Reserve tasked with preventing the implosion of the entire global financial system. Sorkin was right in the middle of the crisis when Bear Stearns collapsed, Lehman folded, AIG wobbled, the government propped up Fannie Mae and Freddie Mac, Merrill Lynch sold itself to Bank of America, and Morgan Stanley and Goldman Sachs became commercial banks to save their hides.

Check out Too Big to Fail, available now in the library on the New Book Shelf New Book Shelf HB 3722 S659 2009