And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees Hardcover - 2009 - 1st Edition
by Faber, David
- Used
- Good
- Hardcover
Description
Details
- Title And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees
- Author Faber, David
- Binding Hardcover
- Edition number 1st
- Edition 1
- Condition Used - Good
- Pages 208
- Volumes 1
- Language ENG
- Publisher Wiley
- Date 2009-06-22
- Features Bibliography, Dust Cover, Index, Price on Product - Canadian, Table of Contents
- Bookseller's Inventory # 0470474238-3-19634594
- ISBN 9780470474235 / 0470474238
- Weight 0.85 lbs (0.39 kg)
- Dimensions 9.18 x 6.3 x 0.84 in (23.32 x 16.00 x 2.13 cm)
- Library of Congress subjects Mortgage loans - United States, Foreclosure - United States
- Library of Congress Catalog Number 2009013313
- Dewey Decimal Code 332.632
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From the publisher
From the rear cover
And Then the Roof Caved In painstakingly details what really happened to cause the greatest economic collapse since the Great Depression. Written by David Faber--the award-winning correspondent who has covered Wall Street for more than two decades--this compelling story is filled with the firsthand accounts of the bankers and regulators who unleashed this crisis on the world. They tell Faber what they did and why they did it.
Faber traces the lineage of the subprime industry and takes you back to the attacks of 9/11, after which Federal Reserve chairman Alan Greenspan embarked on an unprecedented effort to help the economy recover by sending interest rates to all-time lows. Faber details the precipitous drop in lending standards, which allowed people with marginal incomes to take on mortgages they could not afford, and explains how those mortgages came back to wreck the financial system.
And Then the Roof Caved In also reveals where this crisis was incubated--Wall Street--and introduces you to insiders from investment banks and mortgage lenders who fostered the boom and, in doing so, planted the seeds for such an astonishing economic collapse. Throughout the book, Faber weaves a narrative that takes you from subprime lenders like Quick Loan Funding and big investment banks like Merrill Lynch to regulators who tried to stop the crisis before it spiraled out of control and hedge fund managers who correctly foresaw the coming housing crash and profited from it.
Engaging and informative, And Then the Roof Caved In offers a definitive, up-close and personal analysis of the roots of this stunning worldwide economic failure.
