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 CNBC s David Faber takes an in depth look at the causes and consequences of the recent financial collapse And Then the Roof Caved In lays bare the truth of the credit crisis whose defining emotion at

  • Title: And Then the Roof Caved in: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees
  • Author: David Faber
  • ISBN: 9780470474235
  • Page: 254
  • Format: Hardcover
  • CNBC s David Faber takes an in depth look at the causes and consequences of the recent financial collapse And Then the Roof Caved In 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 Written by CNBC s David Faber, this book paCNBC s David Faber takes an in depth look at the causes and consequences of the recent financial collapse And Then the Roof Caved In 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 Written by CNBC s David Faber, this book painstakingly details the truth of what really happened with compelling characters who offer their first hand accounts of what they did and why they did it.Page by page, Faber explains the events of the previous seven years that planted the seeds for the worst economic crisis since the Great Depression 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 Faber also gives you an up close look at where the crisis was incubated and unleashed upon the world Wall Street and introduces you to insiders from investment banks and mortgage lenders to ratings agencies, that unwittingly conspired to insure lending standards were abandoned in the head long rush for profits.Based on two years of research, this book provides deep background into the current credit crisis Offers the insights of experienced professionals from Alan Greenspan to prominent bankers and regulators who were on the front lines Created by David Faber, the face of morning business news on CNBC, and host of the network s award winning documentaries From regulators who tried to stop this problem before it swung out of control to hedge fund managers who correctly foresaw the coming housing crash and profited from it, And Then the Roof Caved In shows you how the crisis we currently face came to be.

    • Best Read [David Faber] ✓ And Then the Roof Caved in: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees || [Travel Book] PDF ↠
      254 David Faber
    • thumbnail Title: Best Read [David Faber] ✓ And Then the Roof Caved in: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees || [Travel Book] PDF ↠
      Posted by:David Faber
      Published :2019-08-18T22:25:53+00:00

    About "David Faber"

    1. David Faber

      David Faber Is a well-known author, some of his books are a fascination for readers like in the And Then the Roof Caved in: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees book, this is one of the most wanted David Faber author readers around the world.

    266 thoughts on “And Then the Roof Caved in: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees”

    1. It may be because I'd already read THE BIG SHORT and THE GREATEST TRADE EVER, but as I listened to this book, I didn't really think I was learning much. This could have been my problem. Maybe I was distracted, but it doesn't add much where those better recognized books on the crisis leave off.


    2. This is an excellent exploration of a very bad time. For its brevity, it has plenty of insights. David Faber does more with explaining synthetic credit default obligations (CDOs) than anyone else I’ve read, in book form or online. And I like to think I’ve read an awful lot since September 18, 2008 – the day the free market ended.He is best when he is digging and reporting and trying, somehow, to explain inordinately complex derivative schemes, schemes about which former Chairman of the Fed [...]


    3. rating: 2.5This book was okay. It's a basic overview of what caused the Great Recession. I don't think he did a great job explaining what happened, so this would be a bad book for people who don't know what happened, and it doesn't present any new information so there's that as well.My biggest bone of contention was that he did the whole journalism balance thing that is particular to the USA. I'm not sure if there's a name for it but by balance, I don't mean telling both sides of the story.There [...]


    4. ‘No-one seemed to ask what would happen if housing prices started to fall.’This book, by CNBC’s David Faber, provides an analysis of the global financial crisis that commenced in 2007. The cause of this crisis, as written by Mr Faber, is a combination of greed and regulatory failure. David Faber traces the lineage of the subprime mortgage industry, and tracks it back to the aftermath of the September 11 2001 attacks when interest rates were lowered to try to help the American economy to re [...]


    5. "Greed is good" - so it's been said. Greed creates economic efficiency, but when there's no control or governance chaos ensues. This book clearly demonstrates what happens when logic and common sense are ignored in the pursuit of the "American Dream". David Faber explains this disaster so that the average reader may readily comprehend, which is something that no one who was involved in this mess could do.I read this book soon after reading Harry Markopolos' "No One Would Listen" which described [...]


    6. What I found most interesting was Kyle Bass’s attempt to be forthright with Bear Stearns to alert them and other investment and financial institutions of their cataclysmic collision path with sure disaster. I guess to them Bass must have resembled some overly angst person with apocalyptic views about the world of finance. Bass had done his research, presented the facts, and still these institutions turned a blind eye and gave him the cold shoulder. They were so “high” on making money that [...]


    7. Good overview of the mortgage mess and how it lead to the last recession. Not a ton of depth, but it's written in such a way as to be accessible to anyone - even someone with no understanding of finance or economics.


    8. I was interested to know how we got into this mess and all I was getting for an answer was, "it is complicated". Well, it is. David does a good job of explaining this in terms that a non-financial person can understand.


    9. A failure at multiple levels in oversight. Fannie and Freddie accting problems----withdrawal from mortgage mart---lowered standards ---no accountability--decreased redlining--political motives--9/11--CDO--CDS--ninja loans


    10. This was a decent overview into how the most recent financial crises occurred. It is told in layman's terms and is easy to follow even if you are not a financial wiz. I found this read to be informative without be dry.


    11. This was required reading for my Financial Markets class but I found that I enjoyed the book. It is not something I would pick out but a well written book for those interested in the events leading up to the financial collapse of 2008


    12. I think this is one of the better books on the subprime greed machine. It has personal anecdotes from main street and Wall Street as well as good explanations. It was interesting to see how Moody's took some fault in all this as well.



    13. Excellent book by CNBC anchor. If this doesn't convince you that those on Wall Street need a helluva lot more regulation, then you're not using the brain God gave you.



    14. Pretty concise book on how liar loans fueled by wall street greed led to the destruction of the world economy and the current despair that most of the world is in today.


    15. After listening to Warren Buffet's interviews with Charlie Rose, this book served as an excellent resource of the financial history before the financial collapse in year 2008.



    16. This was a very readable discussion of our financial crisis by an excellent author. Kudos for making a complex subject understandable for the general public.


    17. Good read. Faber does well at the tough job of explaining just what those bankers built that caused so much trouble.It's pretty amazing what these guys got away with for so long.


    18. very fast read.d interesting bookminding us the true nature of what a bank should bebut we often forgot and often fooled by the banks




    19. This book is too dated to be very useful at this point. It is clear that if you don't understand what you are investing in then don't invest in it.



    20. Written in a manner that provided insight and clarity. Easy read. An excellant analysis of the problem supported by good intelligence and research.





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