Comments on: BOOKS: Andrew Ross Sorkin’s “Too Big To Fail” http://business-ethics.com/2009/11/24/too-big-to-fail-an-inside-story-guaranteed-to-make-you-angry/ The Magazine of Corporate Responsibility Sat, 17 Dec 2011 21:28:39 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Victor Berry http://business-ethics.com/2009/11/24/too-big-to-fail-an-inside-story-guaranteed-to-make-you-angry/comment-page-1/#comment-3583 Victor Berry Thu, 02 Dec 2010 18:03:39 +0000 http://business-ethics.com/?p=228#comment-3583 I still want to know who made the final call on letting Lehman fail while Fannie Mae/Freddie Mac and AIG were being rescued. My number one suspect is the person most noticeably absent in the financial maelstrom ... George W. Bush! I still want to know who made the final call on letting Lehman fail while Fannie Mae/Freddie Mac and AIG were being rescued.

My number one suspect is the person most noticeably absent in the financial maelstrom ... George W. Bush!

]]> By: bmeisen http://business-ethics.com/2009/11/24/too-big-to-fail-an-inside-story-guaranteed-to-make-you-angry/comment-page-1/#comment-3189 bmeisen Tue, 09 Nov 2010 17:33:46 +0000 http://business-ethics.com/?p=228#comment-3189 I don't think it has an important lesson. Too much color. There is some explication and some good vocabulary, but our understanding is improved only marginally. Sorkin presents the government's clear (and flawed) strategies regarding letting Lehmann collapse and bailing out AIG, but in doing so he strays negligably from his main goal: serving his clientele, the financial engineers and their owners. I have litlle compassion for these guys, even when they have to miss their son's lacrosse game (pg 11). I don't think it has an important lesson. Too much color. There is some explication and some good vocabulary, but our understanding is improved only marginally. Sorkin presents the government's clear (and flawed) strategies regarding letting Lehmann collapse and bailing out AIG, but in doing so he strays negligably from his main goal: serving his clientele, the financial engineers and their owners. I have litlle compassion for these guys, even when they have to miss their son's lacrosse game (pg 11).

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