Tag: Duff McDonald

Fear And Loathing In Manhattan

In the Washington Post Book World today, I review Andrew Ross Sorkin’s Too Big To Fail and two related books: Duff McDonald’s biography of Jamie Dimon (Last Man Standing), and Peter Goodman’s broader retrospective on the political origins and social impact of the crisis (Past Due).

If you think the crisis of 2008-09 was an aberration, or top Wall Street executives have learned their lessons, or our financial system is no longer dangerous, take a look at these books.  Each of them separately explains part of how the people running our biggest banks have done so well; taken together, these books describe a pattern of corporate and government behavior which – in the aftermath of the Great Bailout of 2009 – points to serious trouble ahead.

By Simon Johnson