And Then the Roof Caved In by David Faber audiobook

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

By David Faber
Read by Dennis Holland

Gildan Media 9780470474235
6.63 Hours 1
Format : Digital Download (In Stock)
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And Then the Roof Caved In will lay 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 will lay that truth out in painstaking 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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Summary

Summary

And Then the Roof Caved In will lay 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 will lay that truth out in painstaking 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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Author

Author Bio: David Faber

Author Bio: David Faber

David Faber was educated at Eton College and Balliol College, Oxford University, where he read modern languages. The grandson of former British prime minister Harold Macmillan, Faber served as a conservative member of Parliament from 1992 until 2001. Now a historian and writer, he is the author of Speaking for England. Faber lives in London with his wife and their three children.

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Details

Details

Available Formats : Digital Download, CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 6.63
Audience: Adult
Language: English