Too Big to Fail
by Andrew Ross Sorkin
Finished a long, LONG book on the financial crisis that
plagued the states in 2008: the subprime mortgage fiasco. Not surprisingly, the book, Too Big to Fail, by Andrew Ross Sorkin,
was the favorite of an NYU Stern business school student. The story chronicles how the US Government,
led by Hank Paulson (Secretary of the Treasury) and Tim Geithner (President of
the Federal Reserve Bank of New York), helped the sale of the beleaguered Bear
Sterns, watched Lehman Brothers & AIG both implode and observed JP Morgan
and Goldman Sachs near the brink of collapse.
The watchful eye of the government was not well received by the American
people as the rich got richer! This
behind-the-scenes exposé was filled with information from text messages,
emails, documents from the government, and personal stories from participant interviews. An amazing story depicting the struggle of
greedy men fighting to maintain their wealth and reputation….It’s a long one
that gives great perspective on the inner workings of wealthiest of the
wealthy. If you are interested in the
banking world, this one is great at tracking how things went bad.
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