US Financial Meltdown – Too Big to Fail

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.