The ethos on Wall Street has not changed, and that's not going to come from the corner office. That's going to come, for better or worse, from Washington, and the whole idea of greed is still good, that is still pervasive. Andrew Ross Sorkin badlychangecorner share on social
In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse. Andrew Ross Sorkin badbadlybail share on social
The rating agencies historically actually did a pretty good job rating regular bonds. Andrew Ross Sorkin agencybondgood Change image and share on social
I think, with Hank Paulson, the concept of a bailout was anathema to him from day one. He was a Republican; he's a free marketeer. He believes in capitalism, and part of capitalism is believing in failure. And so the idea of bailing out an institution, I think, went against every part of him. Andrew Ross Sorkin anathemabailbailout share on social
As a journalist, a big part of what you do is search for drama and conflict. And a lot of the backstory with 'Billions' is grounded in my journalistic background. Andrew Ross Sorkin backgroundbackstorybig Change image and share on social
I was always one of those people who would watch the Super Bowl as much for the sports as I did for the ads. I was always just sort of fascinated by the fact that when you turn on the TV, there was motion, there was moving pictures on it. Andrew Ross Sorkin bowlfactfascinate share on social
I think Ben Bernanke and Tim Geithner shared the view that they shouldn't be in the business of bailouts, but you know, you're not in the business of bailouts until you frankly think you need to be. Andrew Ross Sorkin bailoutsbenbernanke Change image and share on social
It's the people who have an incentive to find the problem who usually find the problem. Andrew Ross Sorkin findincentivepeople Change image and share on social
Unemployment in Florida peaked at 11.2 percent in 2009, higher than the national average, and the state was a center for home foreclosures. Andrew Ross Sorkin averagecenterflorida Change image and share on social
The lesson of 2008 is that ultimately our markets are driven by confidence. Andrew Ross Sorkin confidencedrivelesson Change image and share on social