Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Setting & Symbolism

Andrew Ross Sorkin
This Study Guide consists of approximately 29 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Too Big to Fail.
This section contains 329 words
(approx. 1 page at 400 words per page)
Buy the Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Study Guide

The Treasury Department

The Treasury Department is the branch of the administration that deals with economic policy. At the time of the financial crisis, the department was headed by Secretary Henry Paulson

The Federal Reserve

The national bank that sets monetary policy is called The Federal Reserve. The bank lends money to private banks on short term to provide capital for investment. There are several branches of the Federal Reserve, with the largest and most influential being in New York City. In 2008 Timothy Giethner was president of the New York Federal Reserve and Ben Bernanke was the chairman.

Lehman Brothers

Lehman Brothers was a financial services firm led by Dick Fuld that declared bankruptcy in 2008 after being unable to find a buyer.

Goldman Sachs

A large financial services firm that was deeply involved in the financial crisis of 2008, Goldman Sachs eventually changed its structure to become a bank...

(read more)

This section contains 329 words
(approx. 1 page at 400 words per page)
Buy the Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Study Guide
Copyrights
BookRags
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves from BookRags. (c)2016 BookRags, Inc. All rights reserved.