It is difficult to remember everyone, but for this purpose, the author has added a who-is-who list at the beginning of the book (Sorkin, 2010). There are more than thirty characters in the book, and at first, they can only be distinguished by their first and last names. Few people cared about it, while it all worked and everyone received money, but when something went wrong, no one, accordingly, could figure out how to fix the situation. The development of public relations has gone so far in the field of finance that the cynical actions of the players led to collapse and bankruptcy (Erdem, 2020). It is worth making a digression about why it all happened. At first, everyone is calm, then something starts to go wrong, but hope remains, and at the end, hope leaves, and despair sets in. The whole action in the book resembles the reconstruction of a plane crash. Sorkin talked to a huge number of people and, getting insider information, began to write a book about how the American wealthy people from Wall Street have ruined themselves. The largest investment banks filed for bankruptcy, and gradually the AIG, the insurance company that had thousands of insurance policies for ordinary Americans, residents of the country, and large banks, started to sink (Chen et al., 2019). The events of the book start twelve years ago: back in 2008, the entire world economy was shocked by the global financial crisis. This is a detailed and scrupulous attempt by journalist Andrew Ross Sorkin to recreate the chronology of those events.
Too Big to Fail is an ironic name that means that if someone has more than $ 600 billion in assets, it is impossible to go broke. Directors found themselves in a unique position: whatever they did, whatever mistakes they made, they were sure that authorities would help them in any case. Therefore, investors and ordinary people were keeping their money in those banks, and economists just hoped that these giants would survive (Larres & Wittlinger, 2019). The collapse of some corporations in the world economy seemed impossible in the eyes of both investors and economists since they were too huge, too reliable, and too stable (Erdem, 2020). The double meaning in the title conveys the main message in the best possible way. Looking at the title, one might think that this is non-fiction, but this book is quite a work of fiction.
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