Prologue and Chapter 1
• Too Big to Fail is a non-fiction book by Andrew Ross Sorkin; the book centers on the economic collapse of Lehman Brothers and the aftermath of the 2008 financial crisis.
• In the Prologue, author Sorkin describes the actions of Jamie Dimon on September 12 and 13, 2008; Dimon was the chief executive officer of JP Morgan, the third largest bank in the United States.
• On the evening of September 12, Dimon and the heads of several other Wall Street executives were called to an emergency meeting at the Federal Reserve Bank of New York where they learned that Lehman Brothers, the fourth largest investment bank in the country, was on the verge of collapse.
• On the following Saturday morning, Dimon placed a conference call to his management staff at JP Morgan, where he told them that the firm must prepare a plan for the possibility that Lehman would file for...
This section contains 3,338 words
(approx. 12 pages at 300 words per page)