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And Then the Roof Caved In : How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees by David Faber (2010, Trade Paperback)

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Roof Caved In P by Faber, David Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less

About this product

Product Identifiers

PublisherWiley & Sons, Incorporated, John

ISBN-100470607386

ISBN-139780470607381

eBay Product ID (ePID)102912562

Product Key Features

Book TitleAnd Then the Roof Caved in : How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees

Number of Pages216 Pages

LanguageEnglish

Publication Year2010

TopicEconomic History, Real Estate / General, Finance / General, Investments & Securities / Real Estate, Real Estate / Mortgages, Economic Conditions

IllustratorYes

GenreBusiness & Economics

AuthorDavid Faber

FormatTrade Paperback

Dimensions

Item Height0.6 in

Item Weight9.1 Oz

Item Length8.7 in

Item Width5.6 in

Additional Product Features

Intended AudienceTrade

Dewey Edition22

Dewey Decimal332.63/240973

Table Of ContentAcknowledgments. Prologue "On the Verge". Chapter 1 Bubble to Bubble. Greenspan's Shock and Awe. Houses Built on Cow Dung. Chapter 2 Home Sweet Home. Opening Doors. An Industry Is Born. Subprime Returns. Chapter 3 The Subprime Machine. From Delivering Pizza to Delivering Mortgages. Living the Dream. Diving into Deep Trouble. Chapter 4 Eyes Wide Shut. A Warning Unheeded. A Dream No More. Chapter 5 The Great Enabler. Fannie Mae and Freddie Mac Hit the Scene. Fannie and Freddie Get a Timeout. Wall Street Takes Over. A Tsunami of Mortgages. From Ownit to Out of It. Back from the Grave. Chapter 6 Complicity. Moody's the Money Maker. Repeat Customers. Chapter 7 The Securitization from Hell. The Making of a CDO. Tough to Kill. Turning "Crap into Triple-A". From CDS to CDO. Insanity Sets In. Chapter 8 Narvik and Me. CDOs: An American Export. The Truth Revealed--But Does It Matter? Chapter 9 Mortgaging Merrill's Future. Climbing Out of Poverty. A Strong Start. The Secret Weapon. Raking It In. Taking Big Risks. Chapter 10 A House of Cards. Digging for Gold. Building a Case. The Investment of a Lifetime. Chapter 11 And Then the Roof Caved In. The Wheels Coming Off. The Call. A Crisis Begins. The CDO Blues. Lights Out. Epilogue. A Note on Sources. Resources from CNBC. Index.

SynopsisCNBC'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., And Then the Roof Caved In skillfully explores the causes and consequences of the financial collapse that has affected us all. Written by David Faber the award-winning CNBC correspondent this compelling account is filled with the candid reflections of the people who brought the crisis to life. Expanded from the CNBC documentary that the New York Times called "broad, comprehensive, and compelling," and that Frank Rich noted as "superbly done," this book is a must-read. "Historians investigating the financial collapse of 08 09 must begin by reading this book. This is close-range reporting . . . the work of a veteran financial journalist who was present at the creation of this crisis. Faber has it all, up close the people, failures, and greed. He tells us what it was like to be on the inside when the roof caved in." Brian Williams , Anchor and Managing Editor, NBC Nightly News "Faber has written a masterful insiders guide to the implosion of the American financial system. He takes you as close as Greenspans early worries and then shows you how the disastrous hair-triggers built into the system fired off and how a few bright minds turned disaster into great fortunes. Faber brings readers right inside his notebook long regarded as the best in financial news and emerges with a story that is breathtaking." Joshua Ramo , author, The Age of the Unthinkable and Managing Director, Kissinger Associates "There is no one better than David Faber when it comes to following the financial services business. His incredible access and valuable insights make his reporting a must-see for millions of viewers around the world. Now, hes written a book that is a must-read for anyone who wants to understand how a housing bubble turned into a worldwide economic crisis." Joe Kernen , coanchor, CNBCs Squawk Box, CNBCs 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.

LC Classification NumberHD225.F23 2010