Best Seller
Ebook
Published on Mar 10, 2009 | 320 Pages
A blistering narrative account of the negligence and greed that pushed all of Wall Street into chaos and the country into a financial crisis.
At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street.
At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street.
Author
William D. Cohan
William D. Cohan is the author of the New York Times bestsellers House of Cards and The Last Tycoons, which won the 2007 Financial Times and Goldman Sachs Business Book of the Year Award. He is a contributing editor at Vanity Fair, has a biweekly opinion column in the New York Times, and writes frequently for the Financial Times, Fortune, The Atlantic, and the Washington Post, among other publications. A former investment banker, Cohan is a graduate of Duke University, the Columbia University School of Journalism, and the Columbia University Graduate School of Business.
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