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

The Hidden History Of The Financial Crisis

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McLean, Bethany, Nocera, Joe

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ISBN:9780670920372
Editorial: Viking Press
Fecha de la edición:2010
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Dimensiones: 0 cm x 0 cm
Nº Pág.:400
Idiomas:Ingles

Materias:

/ Sistema Financiero
/ Bolsa

As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?

According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above - and more. Many devils helped bring hell to the economy. And the full story is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together.

All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It exposes the hidden role of companies including AIG, Goldman Sachs, and Fannie Mae. It delves into the powerful mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature.

Just as Bethany 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 meltdown and its consequences.