Saturday, October 02, 2010

Too Big To Fail

Last week I finished reading Andrew Sorkin's Too Big To Fail. It was a great read! I was engrossed by the story of the events behind the financial system's near collapse in September, 2008, and the handful of personalities that worked to save the system. The book especially gives insight into the monumental bad decision to allow Lehman Brothers to go bankrupt, the acquisition or legal transition of the other big investment banks, the AIG mess, the passage of TARP into law, and the government's subsequent capital injection into U.S. banks in exchange for equity.

Post a Comment