- Category: Books » Business & Economics » Finance
- Format: Hardcover Learn more about the Hardcover format using Tower WIKI.
- Number of Pages: 320
- ISBN: 0385528264
- WAPI (Tower ID): 112471789
- Release Date: March 10, 2009
- Average Customer Review: There are no customer reviews yet. Be the first to write a review!
- Tower.com Sales Rank: #32477 in Books (See Top 100 Books Bestsellers)
- #1364 in Business & Economics (See Top 100 Business & Economics Bestsellers)
- #17 in Finance (See Top 100 Finance Bestsellers)
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Product DescriptionRun a Quick Search on "House of Cards" by William D. Cohan to Browse Related Products:Browse more products related to "House of Cards"Browse more products related to "William D. Cohan"Review"Cohan's epic account chronicles a watershed moment in Wall Street history, when a dysfunctional bank collapsed and helped to trigger our dysfunctional economy." "Cohan does a brilliant job of sketching in the eccentric, vulgar, greedy, profane and coarse individuals who ignored all these warnings to their own profit and the ruin of so many others....[H]e deploys not only his hands-on experience of this exotic corner of the financial industry but also a remarkable gift for plain-spoken explanation." "[Y]ou should personally dog-ear a copy of William D. Cohan's HOUSE OF CARDS, so far the definitive work on....[the] March 2008 implosion of Bear Stearns....It's a page-turner...offering both a seemingly comprehensive understanding of the business and wide access to insiders." "As William D. Cohan makes clear in his engrossing new book, HOUSE OF CARDS, Bear Stearns is also a kind of microcosm of what went wrong on Wall Street--from bad business decisions to a lack of oversight to greedy, arrogant C.E.O.'s-- and a parable about how the second Gilded Age came slamming to a fast and furious end." "Meeting the characters in HOUSE OF CARDS, it's not easy to conceive of people less deserving of federal assistance.....Taxpayers reading this fascinating tale may wonder whether the fallout from the government's intervention can be contained and, if so, at what cost." Publisher's noteIn March 2008, Bear Stearns, a swashbuckling eighty-four-year-old financial institution, was forced to sell itself to JPMorgan Chase for an outrageously low price in a deal brokered by Treasury Secretary Henry Paulson, who was desperately trying to prevent the impending catastrophic market crash. But mere months before, an industry-wide boom had "the Bear" clocking a record high stock price. How did a giant investment bank with $18 billion in cash on-hand disappear in a mere ten days? In this unputdownable narrative tour de force, Cohan provides a minute-by-minute account of the events that brought America's second Gilded Age to an end. AnnotationPerhaps the only thing more remarkable than the astonishing meltdown of the financial goliath Bear-Stearns in March of 2008 is that there is someone among us who seems to understand precisely how it all happened. That person is William D. Cohan, and he shares his knowledge in this incisive narrative of that economic cataclysm. Cohan's report clearly shows that there were signs of a demise before the first domino dropped, signs that were recognized and identified by scattered financial analysts around the globe, whose warnings were collectively ignored. As the financial foundation of the firm began to disintegrate, the CEO's struggled to maintain their cool façade, as underlings scrambled to contain and conceal the damage. By the time word spread to Washington, billions of dollars had literally evaporated into the ether--or had they? Cohan's concise explanation details every minute of the ten-day disaster, clarifying where the money went, who is to blame, and how the nation can begin to recover. If You Enjoy "House of Cards (Hardcover)", May We Also Recommend:Customer Reviews for "House of Cards (Hardcover)" by William D. Cohan (Author)There are no customer reviews yet. Be the first to write a review! Finance Bestsellers
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