Too Big to Fail

Andrew Ross Sorkin sets out to show how the financial crisis of 2008 was decided in rooms, by a small number of people, under extreme pressure of time. The book chronicles the events of that crisis and the collapse of Lehman Brothers from the point of view of Wall Street chief executives and United States government regulators, rather than from the vantage point of markets or economic theory. It runs from the beginning of 2008 through to the decision to create the Troubled Asset Relief Program, and it reconstructs in close detail the everyday discussions and decisions of the leaders of the major financial institutions and of the main regulatory authorities through that difficult period. The case the book makes is one of method as much as of content: that the rescue of the financial system cannot be understood apart from the people who carried it out, and that, as the full title has it, the fight to save the financial system was also a fight to save themselves. Reviewers in the New York Times Book Review, the Economist and the Financial Times praised the reporting and the narrative handling, and the book won a Gerald Loeb Award in 2010.

Written from the wikipedia article on the book.

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