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Allen Lane Search Allen Lane by Andrew Ross Sorkin Search Andrew Ross Sorkin
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Customer Reviews:
This book is Too Good to Fail
This is a fabulous financial book written in a style which means you almost can't put it down. The insights it delivers on the financial crisis of 2008/09 have not been covered in so much depth before and the journalistic style means that it is entertaining as well as informing. Highly recommended and a first choice if you want to learn about what really happened on Wall Street.
A remarkable book
I bought this book after watching the author in an hour-long interview on Charlie Rose - on Bloomberg.
I have never read a book of over five hundred pages so quickly. It is easy to understand, with clear explanations of who was who in this sensational story. It seemed to me to be carefully researched and have authority, but it was above all readable.
If you would like to try to understand what happened to capitalism last year, this will help.
The 2008 financial crisis:The inside story
This is the first and gripping inside story of the unfolding drama of the 2008 financial crisis, the worst since the great depression, which metastasized like a mailignant cancer to envelope the whole world.
The author, Andrew Ross Sorkin, a business writer at the New York Times, has conducted a meticulous research drawing on 200 of those participated in the events it covers. The book is as detailed as spiced with many colourful anectodes.
The book is the definitive story of the most powerful men in finance and politics grappling with success and failure, ego, and, ultimately, the fate of the world's economy but also elucidating how decisions made in the Wall Street over the last decade sowed the seeds of financial catastrophe.
The book reconstructs vividly the events surrounding the seizure of Fannie Mae and Freddie Mac, Lehman's Brothers collapse, the rescue of the American International Goup (AIG) and the shoring of big banks' capital with Public funds.
The book describes vividly the confusion, reversal and arbitrariness of policy decisions. Regulators would back a merger in one instance only to reverse it in the next for reasons that confused bankers. The $700 billion of the Troubled Asset Relief was a monument of arbitrariness and guesswork. The improvisations evident across Wall Street was similary notorious.
The author casts protagonists in different light. Hank Paulson, the then Treasury Secretary, acted decisively but not always wisely. Tim Geithner then President of the Federal Reserve of New York was tough minded while Ben Bernanke, Chairman of the Federal Reserve was cool headed and professorial. Under unfavourable light comes Christopher Cox, then the wavering head of the Securities and Exchange Commission.
The darkest light falls on Lehman's boss Dick Fuld combining hubris and ineptitude;he sacked or sidelined those who gave warning about the staggering debt levels and dangerous exposure to commercial property while he scuppered a life-saving deal with the South Koreans.
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Too Big To Fail: Inside the Battle to Save Wall Street: Amazon.de: Andrew Ross Sorkin: Englische Bücher.
http://www.amazon.de/Too-Big-Fail-Inside-Battle/dp/1846142385
#10: Too Big To Fail: Inside the Battle to Save Wall Street
Too Big To Fail: Inside the Battle to Save Wall Street von Andrew Ross Sorkin (Autor) Neu kaufen: EUR 13,95 47 Angebote ab EUR 12,18 (Die Rangordnung wird stündlich aktualisiert. In der Beliebte Neuveröffentlichungen in der Kategorie ...
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