Too Big to Fail (book)
{{Short description|Book about the 2008 financial crisis}}
{{Use American English|date=March 2023}}
{{Use mdy dates|date=March 2023}}
{{Infobox book |
| name = Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves
| image = Too Big to Fail book.jpg
| caption = Hardcover edition
| author = Andrew Ross Sorkin
| country = United States
| language = English
| genre = Finance
| publisher = Viking Press
| pub_date = October 20, 2009
| media_type = Print (hardback & paperback)
| pages = 624
| isbn = 978-0-670-02125-3
}}
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves, also known as Too Big to Fail: Inside the Battle to Save Wall Street, is a non-fiction book by Andrew Ross Sorkin chronicling the events of the 2008 financial crisis and the collapse of Lehman Brothers from the point of view of Wall Street CEOs and US government regulators.{{cite web |first=Gabriel |last=Sherman |title=The Information Broker |url=https://nymag.com/news/media/61870/ |publisher=New York |date=November 8, 2009 |accessdate=May 23, 2011}} The book was released on October 20, 2009, by Viking Press.
It won the 2010 Gerald Loeb Award for Best Business Book{{cite web |author=Reynolds Staff |title=CNBC, NYT, Vanity Fair each take two Loeb Awards |url=http://businessjournalism.org/2010/06/29/nyt-cnbc-each-take-two-loeb-awards/ |publisher=BusinessJournalism.org |date=June 29, 2010 |accessdate=May 23, 2011 |url-status=dead |archiveurl=https://archive.today/20120707185700/http://businessjournalism.org/2010/06/29/nyt-cnbc-each-take-two-loeb-awards/ |archivedate=July 7, 2012 }} and was shortlisted for the 2010 Samuel Johnson Prize{{cite news |first=James |last=Pressley |title=Sorkin's 'Too Big to Fail' Is Finalist in Samuel Johnson Prize |newspaper=Bloomberg.com |url=https://www.bloomberg.com/news/2010-05-25/sorkin-s-too-big-to-fail-is-finalist-in-samuel-johnson-prize.html |publisher=Bloomberg L.P. |date=May 25, 2010|accessdate=May 23, 2011}} and the 2010 Financial Times and Goldman Sachs Business Book of the Year Award.{{cite web |first=Shira |last=Ovide |title=The Best Business Book of 2010: 'Fault Lines' |url=https://blogs.wsj.com/deals/2010/10/28/financial-crisis-cassandra-takes-home-book-prize |publisher=The Wall Street Journal |date=October 28, 2010 |accessdate=May 23, 2011}}
The book was adapted in 2011 for the HBO television movie Too Big to Fail.{{cite web |first=Philiana |last=Ng |title=HBO Sets 'Too Big to Fail' Premiere |website=The Hollywood Reporter |url=https://www.hollywoodreporter.com/live-feed/hbo-sets-big-fail-premiere-174873 |date=April 5, 2011 |accessdate=May 23, 2011}}
Plot summary
The book provides an overview of the 2008 financial crisis from the beginning of 2008 to the decision to create the Troubled Asset Relief Program (TARP). The book tells the story from the perspectives of the leaders of the major financial institutions and the main regulatory authorities, describing in a very detailed manner their everyday discussions and decisions during that difficult period.
Awards
- 2010 Gerald Loeb Award
- Shortlist 2010 Samuel Johnson Prize
- Shortlist 2010 Financial Times and Goldman Sachs Business Book of the Year Award
See also
References
{{reflist}}
External links
- [http://www.andrewrosssorkin.com/ Andrew Ross Sorkin's website]
- {{OL work|cname=Too Big to Fail by Andrew Ross Sorkin}}
- [http://www.economist.com/node/14743362?story_id=14743362 Book of Revelation] on economist.com
- [https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_TVrbtRQz54 Paulson Bangs Heads, Fuld Rages in Sorkin Tick-Tock of Meltdown] on bloomberg.com
- [https://www.nytimes.com/2009/11/15/books/review/Barrett-t.html Rational Irrationality] on nytimes.com
Category:2009 non-fiction books
Category:American political books
Category:Non-fiction books adapted into films
Category:Non-fiction books about the subprime mortgage crisis