Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves
There has been no shortage of crisis books published of late, but Too Big To Fail is by far the biggest and most detailed of them. Full to bursting with facts both momentous and trivial, it presents to us the story of the crisis in close-up detail.
No one comes out of this book smelling particularly fragrant: it’s a story without heroes. There are the obvious villains, like Lehman’s Dick Fuld, of course, but everybody else, up to and including Tim Geithner and Hank Paulson, ends up doing things which, in hindsight, looked panicked and ill-thought through. (more…)