Too Big to Fail：The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves

Areal-lifethrilleraboutthemosttumultuousperiodinAmerica'sfinancialhistorybyanacclaimed"NewYorkTimes"ReporterAndrewRossSorkindeliversthefirsttruebehind-the-scenes,moment-by-momentaccountofhowthegreatestfinancialcrisissincetheGreatDepressiondevelopedintoaglobaltsunami.FrominsidethecornerofficeatLehmanBrotherstosecretmeetingsinSouthKorea,andthecorridorsofWashington,"TooBigtoFail"isthedefinitivestoryofthemostpowerfulmenandwomeninfinanceandpoliticsgrapplingwithsuccessandfailure,egoandgreed,and,ultimately,thefateoftheworld'seconomy."We'vegottogetsomefoamdownontherunway"asleeplessTimothyGeithner,thethen-presidentoftheFederalReserveofNewYork,wouldtellHenryM.Paulson,theTreasurysecretary,aboutthecatastrophiccrashtheworld'sfinancialsystemwouldexperience.Throughunprecedentedaccesstotheplayersinvolved,"TooBigtoFail"re-createsallthedramaandturmoil,revealingneverdiscloseddetailsandelucidatinghowdecisionsmadeonWallStreetoverthepastdecadesowedtheseedsofthedebacle.Thistruestoryisnotjustalookatbanksthatwere"toobigtofail,"itisareal-lifethrillerwithacastofbold-facednameswhothemselvesthoughttheyweretoobigtofail.