Too Big to Fail
by Andrew Ross Sorkin
This is an absorbing book that takes readers through the financial meltdown from inside the banking institutions. It reads like a novel because Sorkin has pieced together private conversations from meetings and telephone calls as executives scrambled to save their businesses and government leaders struggled to find a soft landing for the U.S. economy.
Much like in Conspiracy of Fools (about the Enron debacle by Kurt Eichenwald), Sorkin shows the actors caught in a vice of greed and ego as they try to shift blame, hold on to power and protect their wealth. Readers like me will have a difficult time comprehending the salaries and bonuses that these titans of destruction “earned”. The figures range from single-digit millions to three digit millions of dollars.