A Guidebook for Financial Crisis Managers
After World War II, Winston Churchill confidently asserted that history would treat him kindly because “I propose to write that history.” Now, a decade after the global financial crisis, three of the key players in that episode have co-authored a book that is interesting not so much for its treatment of the past as for its proposals for the future.
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EDINBURGH – Journalists, the adage goes, write “the first rough draft of history.” It’s a grand claim, but perhaps the best of them achieve something close to that. In the case of the Great Financial Crisis of 2008, Andrew Ross Sorkin of The New York Times did so in his book Too Big to Fail, which remains a useful description of how it felt on Wall Street when the markets began to collapse. Sorkin had good access to the key people involved.