by
We're Sorry
Sold Out
We're Sorry
Not Available
This item is being sold by an Individual Seller and will not ship from the Online Bookstore's warehouse. The Seller must confirm the order within two business days. If the Seller refuses to sell or fails to confirm within this time frame, then the order is cancelled.
Please be sure to read the Description offered by the Seller.
Customer Reviews
by
Summary
The definitive narrative of two decades of folly that led to the financial crisis.
"The authors succeed in pulling the jumbled pieces of the financial crisis together and showing how it flowed from human foibles." -Bloomberg BusinessWeek
"Two of our finest business journalists have written a thorough account of the origins of the financial crisis. More than offering just a backward look, it helps explain the most troubling business headlines of the moment, as well as those that are certain to come." -The New York Times Book Review
"Hell is empty, and all the devils are here." -Shakespeare, The Tempest
Before the dust even settled, competing theories emerged to explain the financial crisis. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, clueless homeowners, or timid regulators? Or on foreign culprits in London, Beijing, or Tehran?
Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, offer the definitive answer: all of the above and more. Many devils helped bring hell to the economy. This surprising narrative goes back more than twenty years to reveal, in rich, anecdotal detail, how Wall Street, the mortgage industry, and the government conspired to change the way Americans bought their homes, creating a perfect storm.
The authors take us inside elusive institutions such as Goldman Sachs, AIG, and Fannie Mae, to reveal who changed the game and why. With new, sometimes startling details, and a surprising cast of characters, they get for the first time to the real roots of the financial crisis. It wasn't about credit default swaps, collateralized debt obligations, or other complexities.
It was about basic human psychology-from the poorest Florida home buyer to the richest CEO. Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the road to the meltdown.
Author Biography
Joe Nocera is a business columnist for The New York Times, a staff writer for The New York Times Magazine and the author of Good Guys and Bad Guys and A Piece of the Action. He lives in New York City.
Table of Contents
Cast of Characters | p. ix |
Key Acronyms | p. xvii |
Prologue | p. 1 |
The Three Amigos | p. 4 |
ôGround Zero, Babyö | p. 20 |
The Big, Fat Gap | p. 38 |
Risky Business | p. 52 |
A Nice Little BISTRO | p. 69 |
The Wizard of Fed | p. 82 |
The Committee to Save the World | p. 96 |
Why Everyone Loved Moody's | p. 110 |
ôI Like Big Bucks and I Cannot Lieô | p. 125 |
The Carnival Barker | p. 138 |
Goldman Envy | p. 151 |
The Fannie Follies | p. 168 |
The Wrap | p. 187 |
Mr. Ambassador | p. 204 |
ôWhen I Look a Homeowner in the Eye …ö | p. 219 |
Hank Paulson Takes the Plunge | p. 232 |
ôI'm Short Your Houseö | p. 251 |
The Smart Guys | p. 267 |
The Gathering Storm | p. 285 |
The Dumb Guys | p. 308 |
Collateral Damage | p. 322 |
The Volcano Erupts | p. 342 |
Epilogue: Rage at the Machine | p. 358 |
Acknowledgments | p. 365 |
Index | p. 369 |
Table of Contents provided by Ingram. All Rights Reserved. |
An electronic version of this book is available through VitalSource.
This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.
By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.
A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.
Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.
Please view the compatibility matrix prior to purchase.