an incredible story, hard to believe it is nonfiction ...... i a know a number of the principals and their behavior as described by the author seems believable although i few people come off looking better than they should have (probably the people who gave the author the most access)...... the narrator mispronounces several terms and a couple of law firm names which is really distracting and embarrassing otherwise great listen
timely. informative. wonderful and insightful character studies of the players who made and (significantly) ARE making policy. Very well written. Somewhat hard to follow the names and characters.
This is a must-read if you follow financial markets. That being said, I didn't know whether to read it or to "listen" to it. With Christmas cooking and holiday prep, I decided to listen to it and I was not disappointed. A great "listen", the book is more like a detective novel, with non-stop action and a very revealing look at the characters involved in the "Second Big Contraction". I have been recommending this book to everyone I know who is interested in politics, history or just plain story-telling.
It will forever be hard to fathom how a few bad investments in a relatively confined sector of the market could have triggered a global "run on the bank";, but that is precisely what happened in 2008. This book is a remarkable piece of investigative reporting that chronicles the bank CEO's;s who were blindsided by the risks that their employees were taking and the civil servants (most of which were former bankers) who were desperately running ahead trying to anticipate where the fire would blow next.
It is easy to regard this period as a footnote in the history books, but that is only because of the tremendous hurried effort that went into avoiding a complete financial meltdown.
Sorkin's access is either truly remarkable or he has weaved in a bit of historical fiction into the narrative. Either way, it makes for a fantastic read!
this is a mostly gripping account detailing the fall of lehman and the bailouts of AIG et al. its infuriating yet fascinating - but i came away with little respect for most of the players including hank paulsen. its unreal how a small handful of people damaged our economy and its surreal that they will not be brought to justice. despite the author avoiding most of the goldman conspiracy theories its a little telling that they gained the most and are continuing to rake in the dough.