The Pequod Review:
Andrew Ross Sorkin's Too Big to Fail is not only the best real-time narrative history of the 2008 financial crisis, but more importantly it provides an extremely accurate picture of how day-to-day decisions actually get made at senior levels of major corporations. There are many popular misconceptions about what really goes on in corporate board rooms, ranging from nefarious conspiracy theories to assumed strategic brilliance. This book shows a more complicated picture — of dedicated but flawed human beings doing their best to respond to market forces and fight for the interests of their firms. Given the extraordinary level of detail in the book, Sorkin’s sources were clearly many of the senior executives themselves, which would normally raise questions about its accuracy. However, the multiplicity of sources coupled with the plausibility of so many specific details make nearly every page ring true.