Insights on Andrew Ross Sorkin’s Too Big to Fail by Instaread

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves (2009) begins in March 2008 when Richard S. Fuld Jr., CEO of Lehman Brothers, received a phone call from Treasury Secretary Henry Paulson. Bear Stearns, the smallest of the “Big Five” Wall Street investment banks, would be sold or go bankrupt in days because of the collapse of the subprime mortgage market...

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