Wednesday, December 09, 2009

Not Too Dense to Read

I've tried to read a number of books on the financial crisis and, I confess, I had to put a lot of them down. I have found that they assume more knowledge of financial instruments and the financial system than I possess. They are often laden with more jargon than I can handle. Part of it is interest level. I know I could understand it if I put more effort into to it, and given the importance, I know I should. But I should do the same for health care and plenty of other issues. So instead I get a surface level of information and focus on foreign policy, that which really interests me the most.

Anyway, I really liked Too Big To Fail, because it focuses on the people, namely all the bankers and government leaders desperately trying to figure what to do as Lehman and AIG fall apart. It reads like a Bob Woodward book, with lots of detail, profanity and insider info. Andrew Ross Sorkin interviewed nearly everyone involved so he has the detail and he keeps the story rolling. My only complaint is that the book runs a bit long. I am not sure how much more I understand about the financial collapse, but I can see that lots of highly paid, intelligent people can struggle when the system is built to fail.

4 comments:

Citizen Reader said...

Good to know this book is good! I too have been struggling to find a good book on the mess, because I'm not very good at understanding the finance stuff (which has become, in my defense, ridiculously complicated over the past few years). Thanks for the tip!

Tripp said...

This one is good for those of us not well versed in the finance.

Tripp said...

Watch out for the length though, you may need some time for it.

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