By Erica Zaragoza
The financial crisis created a special need for those who understand the intricacies of the market and basis for the collapse. New York Times Bestselling author Andrew Ross Sorkin is one of those people. As an acclaimed financial reporter, Sorkin was at the forefront of exposing corruption in the financial system. Sorkin, an American author and journalist, is best known for his reporting on the financial sector. Well-versed in the dealings of Wall Street, Sorkin is co-host of CNBC’s Squawk Box, editor and founder of DealBook, a New York Times columnist, and author.
Sorkin’s coverage of the controversial Wall Street bail out culminated in his first book: Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System – and Themselves. Too Big to Fail is an in-depth account of the events that precipitated the stock market crash and the reactions that immediately followed. This play-by-play narrative, from the eyes of Wall Street CEOs, documents the moments leading up to the announcement of the collapse, the bankruptcy filings and proceedings, the governmental intervention, and the aftermath of the collapse. The book became such a sensation that it was made into a hit HBO movie, “Too Big To Fail,” directed by Curtis Hanson.
With an all-star cast, the HBO movie was an accurate and successful depiction of Sorkin’s work. The book and movie alike illustrate the U.S. government’s decision to bail out the large investment banks and save the world’s financial system.