Andrew Ross Sorkin: ‘Wall Street Is Boring’ (VIDEO)
Andrew Ross Sorkin, of CNBC and The New York Times, has made a name for himself writing about the wheeling and dealing of Wall Street, and the faces and names behind those deals. Watch Sorkin talk to genConnect about what effect his hit book Too Big to Fail had on society, and why he thinks Wall Street is boring now:
Andrew Ross Sorkin with genConnect at the Aspen Ideas Festival; © Robert Millman 2012
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If he has made his living off of reporting on Wall Street, why now does he think Wall Street is “boring?”
There’s still money to be made, Sorkin says, “but kids want to go work for Facebook, they want to work for Twitter, they want to go work in the [Silicon] Valley.”
Sorkin made huge waves with his best-selling book, “Too Big Too Fail,” which was also adapted for an Emmy-award nominated HBO film, during which he received great access to some of the most prominent figures involved in the 2008 Wall Street crash and the aftermath.
“After all of the mistakes these people made, I’m not sure they even appreciated them,” he says of those involved in one of the worst economic crises in recent history. But what’s inspiring about the whole ordeal, he added, is, “when you think about all the things that happened after Lehman’s failure, banks and bankers coming together and also trying,” to resolve the problems, “their efforts were in better faith tham what people give them credit for.”
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What effect does he think his book made on society?
“I think what you hope, more than anything, is that people remember,” Sorkin said. “I think that all too often, we as a culture – Wall Street in particular – but more broadly, we forget,” he said. “If anything, I hope that this project, whether you’re watching the movie or reading the book, that we remember how bad it was and what got us there. And hopefully, we take lessons away from that.”
genConnect is credentialed press at the 2012 Aspen Ideas Festival in Aspen, Colo., where we are interviewing the premier speakers and attendees at the conference. For more of our video interviews and articles from the Ideas Festival, click here.
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