|Author||Andrew Ross Sorkin|
|October 20, 2009|
|Media type||Print (hardback & paperback)|
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.
It won the 2010 Gerald Loeb Award for Best Business Book,and was shortlisted for the 2010 Samuel Johnson Prize and the 2010 Financial Times and Goldman Sachs Business Book of the Year Award.
The book was adapted in 2011 for the HBO television movie Too Big to Fail .
The book provides an overview of the financial crisis of 2007–08 from the beginning of 2008 to the decision to create the Troubled Asset Relief Program (TARP). The book tells the story from the perspectives of the leaders of the major financial institutions and the main regulatory authorities, describing in a very detailed manner their everyday discussions and decisions during that difficult period.
Curtis Lee Hanson was an American film director, screenwriter, and producer. His directing work included the psychological thriller The Hand That Rocks the Cradle (1992), the neo-noir crime film L.A. Confidential (1997), the comedy Wonder Boys (2000), the hip-hop biopic 8 Mile (2002), the romantic comedy-drama In Her Shoes (2005), and the made-for-television docudrama Too Big to Fail (2011).
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. It also provides investment banking to institutional investors.
The Baillie Gifford Prize for Non-Fiction, formerly the Samuel Johnson Prize, is an annual British book prize for the best non-fiction writing in the English language. It was founded in 1999 following the demise of the NCR Book Award. With its motto "All the best stories are true", the prize covers current affairs, history, politics, science, sport, travel, biography, autobiography and the arts. The competition is open to authors of any nationality whose work is published in the UK in English. The longlist, shortlist and winner is chosen by a panel of independent judges, which changes every year. Formerly named after English author and lexicographer Samuel Johnson, the award was renamed in 2015 after Baillie Gifford, an investment management firm and the primary sponsor. Since 2016, the annual dinner and awards ceremony has been sponsored by the Blavatnik Family Foundation.
James A. Johnson was an American businessman, Democratic Party political figure, and chairman and chief executive officer of Fannie Mae. He was the campaign chairman for Walter Mondale's unsuccessful 1984 presidential bid and chaired the vice presidential selection committee for the presidential campaign of John Kerry. He briefly led the vice-presidential selection process for the 2008 Democratic presidential nominee, Senator Barack Obama.
Henry Merritt "Hank" Paulson Jr. is an American banker who served as the 74th United States Secretary of the Treasury from 2006 to 2009. Prior to his role in the Department of the Treasury, Paulson was the chairman and chief executive officer (CEO) of Goldman Sachs.
The Gerald Loeb Award, also referred to as the Gerald Loeb Award for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was established in 1957 by Gerald Loeb, a founding partner of E.F. Hutton & Co. Loeb's intention in creating the award was to encourage reporters to inform and protect private investors as well as the general public in the areas of business, finance and the economy.
Michael Monroe Lewis is an American author and financial journalist. He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his non-fiction work, particularly his coverage of financial crises and behavioral finance.
James Christopher Flowers is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm's Management Committee.
Andrew Ross Sorkin is an American journalist and author. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films. He is also the co-creator for the Showtime series Billions.
John Coates is a neuroscientist and applied physiologist working on the biology of risk taking. He was until 2016 research fellow in neuroscience and finance at the University of Cambridge. Before that he was a trader on Wall Street, working for Goldman Sachs, Merrill Lynch and running a desk at Deutsche Bank.He developed novel techniques for analyzing and trading tail events such financial crises.
Peter Gould is an American television writer, director and producer. He worked on all five seasons of the AMC drama Breaking Bad. He was nominated for four Writers Guild of America (WGA) Awards for his work on the series. He is currently the co-creator and co-showrunner, with Breaking Bad creator Vince Gilligan, of the show's spinoff, Better Call Saul.
Henry Goldman was an American heir, banker, philanthropist and art collector. A member of the Goldman–Sachs family, he was instrumental in the making of the financial conglomerate Goldman Sachs in the early twentieth century.
Too Big to Fail is an American biographical drama television film first broadcast on HBO on May 23, 2011 based on Andrew Ross Sorkin's non-fiction book Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves (2009). The film was directed by Curtis Hanson. It received 11 nominations at the 63rd Primetime Emmy Awards; Paul Giamatti's portrayal of Ben Bernanke earned him the Screen Actors Guild Award for Outstanding Performance by a Male Actor in a Miniseries or Television Movie at the 18th Screen Actors Guild Awards.
Financial Times and McKinsey Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times and McKinsey & Company. It aims to find the book that has 'the most compelling and enjoyable insight into modern business issues'. The award was established in 2005 and is worth £30,000. Beginning in 2010, five short-listed authors each receive £10,000, previously it was £5,000.
Barbarians at the Gate: The Fall of RJR Nabisco is a 1989 book about the leveraged buyout (LBO) of RJR Nabisco, written by investigative journalists Bryan Burrough and John Helyar. The book is based upon a series of articles written by the authors for The Wall Street Journal. The book was made into a 1993 made-for-TV movie by HBO, also called Barbarians at the Gate. The book centers on F. Ross Johnson, the CEO of RJR Nabisco, who planned to buy out the rest of the Nabisco shareholders.
Philadelphia financier Jay Cooke established the first modern American investment bank during the Civil War era. However, private banks had been providing investment banking functions since the beginning of the 19th century and many of these evolved into investment banks in the post-bellum era. However, the evolution of firms into investment banks did not follow a single trajectory. For example, some currency brokers such as Prime, Ward & King and John E. Thayer and Brother moved from foreign exchange operations to become private banks, taking on some investment bank functions. Other investment banks evolved from mercantile firms such as Thomas Biddle and Co. and Alexander Brothers.
Sebastian Christopher Peter Mallaby is an English journalist and author, Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR), and contributing columnist at The Washington Post. Formerly, he was a contributing editor for the Financial Times and a columnist and editorial board member at The Washington Post.
John LeFevre is a former Salomon Brothers and Citigroup investment banker and bond syndicate executive. LeFevre is known for creating the anonymous Goldman Sachs Elevator (@GSElevator) Twitter handle. The account purported to reflect and satirize banking culture, and accumulated considerable followers and press coverage. Goldman Sachs and Citigroup launched internal investigations in an attempt to identify the source(s) of the tweets.
Steven Strongin is a Senior Advisor at Goldman Sachs. Previously, he was the head of Global Investment Research and chair of the Global Markets Institute at Goldman Sachs. He was a member of the Management Committee, Firmwide Client and Business Standards Committee and was also co-chair of the Firmwide Technology Risk Committee. Strongin's writing on economic policy, investing and financial trends is featured across many news sources including The Wall Street Journal, Bloomberg News, and Business Insider. His article, “Beating Benchmarks,” won the Second Annual Bernstein Fabozzi/Jacobs Levy Award for Outstanding Article after it was published in the Journal of Portfolio Management. He holds three patents for financial instruments. One of his patents was the Wavefront system, which describes how economic shocks ripple through the economy into company performance, market value and equity returns in the US market.