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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. The book was released on October 20, 2009, by Viking Press.
Matthew Winkler is an American journalist who is a co-founder and former editor-in-chief of Bloomberg News, part of Bloomberg L.P. He is also co-author of Bloomberg by Bloomberg and the author of The Bloomberg Way: A Guide for Reporters and Editors.
Stephanie Elam is an African-American television journalist.
Goldman Sachs, an investment bank, has been the subject of controversies. The company has been criticized for lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. It has also been criticized by its employees for 100-hour work weeks, high levels of employee dissatisfaction among first-year analysts, abusive treatment by superiors, a lack of mental health resources, and extremely high levels of stress in the workplace leading to physical discomfort.
References
- ↑ "New York Press Club Awards 2006"". Archived from the original on 2010-12-08. Retrieved 2011-01-03.
- ↑ "Bonuses at Wall Street Big Five Surge to $36 Billion", Bloomberg L.P., New York, 6 November 2006. Retrieved on 2011-01-03
- ↑ "Society of the Silurians Winners 2008"
- ↑ "Broken Securities Industry Still Has $20 Billion to Pay Bonuses", Bloomberg L.P., New York, 26 October 2008. Retrieved on 2011-01-03
- ↑ "Missing Lehman Lesson of Shakeout Means Too Big Banks May Fail", Bloomberg L.P., New York, 7 September 2009. Retrieved on 2011-01-03
- ↑ "Society of the Silurians" . Retrieved 3 May 2011.
