Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves by Andrew Ross SorkinAndrew 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 neverdisclosed 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.
Too Big to Fail
Too big to fail is now bigger than ever: Andy Xie
A gripping look at the financial crisis of from the perspective of the insiders who prevented a global economic meltdown. No hidden fees, equipment rentals, or installation appointments. Start Your Free Trial. New subscribers only. You May Also Like. Mary and Martha. Game Change.
The odds are low that any real reform will materialize. Removing this flaw could trigger a big global downturn. No major government has the stomach to go through with it. The flawed global financial system essentially holds all major governments hostage. Whenever a crisis happens, the policy priority is to stabilize the financial system for short-term economic stability. This tends to favor TBTF financial institutions.
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Sign in. Find showtimes, watch trailers, browse photos, track your Watchlist and rate your favorite movies and TV shows on your phone or tablet! IMDb More. Hide Spoilers. Unfortunately the filmmakers felt the need to create a "hero" of the piece -- unlike the source book, which simply tells what happened. But the real-life Paulson is no hero.