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And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees

And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees (Paperback, Revised edition)

By Faber, David

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And Then the Roof Caved In, Revised and Updated lays bare the truth of the credit crisis, whose defining emotion at every turn has been greed, and whose defining failure is the complicity of the U.S. government in letting that greed rule the day. It lays that truth out in painsta...king detail with compelling characters who offer their first-hand accounts of what they did and why they did it. Faber explains the events of the previous seven years that created the crisis of confidence that culminated on September 18th. He begins in 2001, when the Federal Reserve embarked on an unprecedented effort to help the economy recover from the attacks of 9/11 by sending interest rates to all time lows. One result was the start of a housing bubble, the likes of which our nation had never witnessed. Readers will hear from the man behind that bubble, Dr. Alan Greenspan, who vigorously defended his decisions during this period, as well as the men and women who used sub-prime mortgages to buy their homes and now find themselves in the depths of despair. Faber also gives readers a deep, inside look at Wall Street, where the crisis was incubated and unleashed on the world. Bankers who led that effort admit to their only true motivation and share their secrets. Faber introduces readers to insiders from the ratings agencies, who take their former employers to task for abandoning any promise of integrity in their much valued credit ratings; regulators, who tried to stop this problem before it swung out of control; and the hedge fund managers who correctly foresaw the coming housing crash and profited from it.
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ISBN 9780470607381
Released NZ 18 Aug 2010
Publisher John Wiley & Sons Inc
Format Paperback, Revised edition
Alternate Format(s) View All (1 other possible title(s) available)
Indent title (internationally sourced), allow 8-12 weeks

Full details for this title

ISBN-13 9780470607381
Stock Available
Status Indent title (internationally sourced), allow 8-12 weeks
Publisher John Wiley & Sons Inc
Imprint John Wiley & Sons Inc
Released 18 Aug 2010
Publication Country United States United States
Format Paperback, Revised edition
 › 1 other possible formats available
Edition Revised edition
Author(s) By Faber, David
Category Financial Crises & Disasters
Finance & Accounting
Finance: Property & Real Estate
Number of Pages 216
Dimensions Width: 156mm
Height: 228mm
Spine: 11mm
Dewey Code 332.63240973
Weight 340g
Interest Age 14+ years
Reading Age 14+ years
Library of Congress Mortgage loans - United States, Foreclosure - United States, Financial crises - United States, Real estate investment - United States
NBS Text Economics: Professional & General
ONIX Text Professional and scholarly