Wall Street, after all, is a society that exists almost in its own universe, virtually immune to the real-world concerns and hardships faced by their fellow citizens.Andrew Ross Sorkin, Too Big to Fail
This was a silo-driven culture, with everyone focused myopically on his or her own small piece of the company.Andrew Ross Sorkin, Too Big to Fail
In their universe, the financial system revolved around them, not the other way around.Andrew Ross Sorkin, Too Big to Fail
The problem with the domino effect is that it doesn't just take down one player; it brings the whole system down.Andrew Ross Sorkin, Too Big to Fail
The face of Wall Street, and indeed the entire capitalist system, was in jeopardy.Andrew Ross Sorkin, Too Big to Fail
Nobody imagined that the unthinkable - a meltdown of the entire financial system - was even a remote possibility.Andrew Ross Sorkin, Too Big to Fail
Every government and every company has to have someone with a pair of fetched eyes—a contrarian who is not afraid to throw cold water on the dreams of the CEO.Andrew Ross Sorkin, Too Big to Fail
While grandstanding mightily, Washington, too, was steeped in denial.Andrew Ross Sorkin, Too Big to Fail
The perception of invincibility is often the biggest threat to the invincible.Andrew Ross Sorkin, Too Big to Fail
If the money keeps coming, the bubble can be sustained for awhile. But eventually the bubble bursts, and all hell breaks loose.Andrew Ross Sorkin, Too Big to Fail