Customer Review

6 of 6 people found the following review helpful
3.0 out of 5 stars A lot of good insight into the crash - but shorter would have been better, 11 Jan 2011
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This review is from: Too Big to Fail: Inside the Battle to Save Wall Street (Paperback)
This book would have been easier to follow and more impactful if it had been shorter. You can see the author's problem from the 38 page appendix (in small typeface) "Notes and Sources", where he lists the sources he was allowed to cite, though he also had plenty more from sources he was not allowed to cite. Most reviewers have reveled in this level of detail - but some readers will find it just gets in the way.

My abiding insight after finishing the book is that few if any of the big hitters of Wall Street had any particular wisdom. Many financial institutions were brought to the knees because their leaders completely failed to understand the level of risk they had taken on. They were not nearly as smart as their pay-packets implied, but just ordinary human beings who had risen above their levels of competence.

In summary, this book does give you a lot of insight into the events on Wall Street, and little insight into the peripheral role played by some UK banks. But unless you like devouring a large stack of background material, you will find it frustratingly long-winded.
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Showing 1-1 of 1 posts in this discussion
Initial post: 15 Apr 2013 23:50:15 BDT
Dan Smith says:
Spot on about the book - hope the hassle lifts soon.
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Location: London

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