All The Devils Are Here. The Hidden History Of The Financial Crisis

Cover Type: Hardcover
Book Condition: Fine
Jacket Condition: Fine
Publisher: Portfolio
Publisher Place: Uk
Publisher Year: 2010
Edition: First Edition

Description: 380 pages. Book and Jacket appear to have hardly been read and are both in Fine condition throughout.

Publishers Description: The definitive narrative of two decades of folly that led to the financial crisis. "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 Americas 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 wasnt 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 McLeans 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. About the Author Bethany McLean is a writer for Vanity Fair and co-author of the national bestseller The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron. She lives in Chicago. 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.

ISBN: 9781591843634