Friday, June 22, 2012

 

Too Big To Fail by Andrew Ross Sorkin


 
This book deals with the impending collapse of Lehman Brothers through TARP and end of the Gilded Age as Goldman Sachs and Morgan Stanley leave investment backing to become bank holding companies.

This was a long read that angered me at times. One section delt with how AIG signed away 500 million in bonuses just before they were rescued by the federal government. Disgusting.
Also amazing was how close to complete collapse our entire financial system was.
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