Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves

by Andrew Ross Sorkin

Flowers’s eyes widened as he studied the numbers. “You guys have a real problem here.” “Yes. But we should be okay if we can make the capital raise work,” Willumstad said. “Have you guys thought about Chapter 11?” Flowers blurted out. It was as if he had touched the third rail. “Why are you using words like that?” Bensinger asked, clearly upset.