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

Name: And Then the Roof Caved In How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees
Price: 3.15 USD
Availability: InStock
ISBN: 9780470607381

ISBN-10: 0470607386

ISBN-13: 9780470607381

Edition: 2009

Authors: David Faber

List price: $12.99

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Description:

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 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.…

Book details

List price: $12.99
Copyright year: 2009
Publisher: John Wiley & Sons, Limited
Publication date: 9/21/2010
Binding: Paperback
Pages: 216
Size: 5.65" wide x 8.70" long x 0.65" tall
Weight: 0.550
Language: English

David Faber is CNBC's Wall Street correspondent and hosts the daily "Faber Report," reporting on mergers, acquisitions, and market stories. He lives in New York City.



Acknowledgments


Prologue: "On the Verge"



Bubble to Bubble


Greenspan's Shock and Awe


Houses Built on Cow Dung



Home Sweet Home


Opening Doors


An Industry Is Born


Subprime Returns



The Subprime Machine


From Delivering Pizza to Delivering Mortgages


Living the Dream


Diving into Deep Trouble



Eyes Wide Shut


A Warning Unheeded


A Dream No More



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



Complicity


Moody's the Money Maker


Repeat Customers



The Securitization from Hell


The Making of a CDO


Tough to Kill


Turning "Crap into Triple-A"


From CDS to CDO


Insanity Sets In



Narvik and Me


CDOs: An American Export


The Truth Revealed-But Does It Matter?



Mortgaging Merrill's Future


Climbing Out of Poverty


A Strong Start


The Secret Weapon


Raking It In


Taking Big Risks



A House of Cards


Digging for God


Building a Case


The Investment of a Lifetime



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