Although this book provided an exhaustive insider blow by blow account of the players involved, and the high stakes meetings that took place during the fall of Lehman Bothers, and subsequent maneuvers by the Fed, Treasury, and Wall Street to keep everything from collapsing farther, there is virtually no insight as to history of laws, regulations and exotic financial "products" that created the conditions for all of this. If you looking for biographies of the main players and who said/did what and when, then there may be no better source. But, if you're interested in learning about the what caused the melt down, this book doesn't address it. You might try "All the Devils Are Here" instead.
An avid reader, crocheter and knitter.
My favorite genre has always been mystery thrillers, but I decided to try this one out for a change. What an unexpected surprise. This book is written as a thriller, only it's real life and people at their worst behavior. You will want to listen on the way to work, jogging, in my case while knitting, etc. because it is absolutely enthralling. Great job by the author, hope he has some more coming.
Having listened to the book whilst driving etc. i found it hard to keep up with. This is a massive work packed with details and seems too much for causal attention. I tend to agree with the reviewer who advised that print is better. If you want to devote your time to listening to this book you will find it a monumental work packed with insights.
Having little knowledge of finance I learned much. Mostly I gained appreciation for the unmitigated avarice of unregulated investment banking. Well-written and well-researched. Makes you feel like you were there.
This is an excellent documentary that reads like a suspense thriller. Many sub-stories are played out in the book. This would make a great movie.
Although I'm not even remotely affiliated with anything "Wall-Street" I have a high level of interest in economics and finance, so I had high expectations for this book. Those expectations were not met.
The book: The book is more about the people behind the scenes than it is about HOW the various financial institutions became "Too Big to Fail". And listening to the stories of how much greed and arrogance exists in these institutions was infuriatingly aggravating. My biggest complaint, however, was how the book was structured; there were simply too many people involved to allow the listener to keep track of who's who. And the tangents the author takes to provide background on many of these individuals, although probably intended to provide context, took the listener into so many different directions that it made it extremely difficult to follow the storyline.
The reader: The reader was "OK," but I didn't like the manner in which he frequently used inflection as HE thought a person would speak. Not having been there (the reader, that is) I have no idea how he can assume HOW a sentence or exclamation was spoken. After awhile, it got annoying.
At two-thirds of the way through, I had had enough and wanted to stop listening, but I had paid for the book so was determined to get through it--it didn't get any better.
It may make a good movie someday, but as an audio book I found it quite lacking.
This book is a must read for anyone that wishes to truely know what happened during the credit crunch.
I loved this book. I was not sure what to expect and this book completely exceeded expectations I had. I have a much better understanding of what went into the financial crisis in 2008 and the players that were directly involved. This book is not a technical review of finance but a narrative, story telling style novel that would make for great fiction....if it wasn't real. Can't wait for the movie being produced by HBO.
it was hard to listen of this book. Almost every page infuriates you because it seems like huge decisions that affect you and your money are made on gut feeling and the whims of the large investment bankers. what's perhaps more frightening is the government officials who actually make policy and decisions in this matter are good friends with all of the investment bankers. The story is mostly about the human aspect of the financial crisis and doesn't really go into theory realm -which is a nice change from most of the books trying to explain what happened.
I followed the financial crisis as it was occurring, but at the time I didn't have a good understanding of what was happening and why. Sorkin explains the causes of the crisis, the fall of Lehman and the political pressures clearly, in a way that appeals to someone without a background in the industry. The book is well written. In places it reads more like a thriller novel than a nonfiction book - I'm sure that more technical industry insiders won't appreciate this, but I certainly did!