William Cohan in House of Cards tells the sordid tale of the fall of Bear Stearns during the economic disaster of 2008-2009. One of the world’s oldest and largest investment banks went belly-up in a matter of days and Cohan spares the reader no details. This book is an autopsy, a crime scene investigation, an analysis of greed and simple stupidity. The book might run a little long for some (468 pages) and contain more detail than others might prefer. It is an eye-opener though worthy of every citizen who wants to be informed about the caliber of people who ran one of the premier investment banks in the world. Goodness! The reading of Alan Sklar is excellent.
A book lover with varied interests: history, political and technical and economic thrillers, mysteries, crime dramas, futuristic fantasy.
House of Cards was a fabulous read. It was informative and entertaining -- a swashbuckler of sorts. Though I am not a financial professional, I was able to keep up with the jargon. (I did think though that the printed book would probably have had an index.) The book gave some insight into the workings of investment banks, their products, and the disastrous impact of the subprime mortgages and the housing bubble on those banks. Narrator Alan Sklar captured the excitement of the period. I am recommending the book to those interested in the subject.
Very good book on the recent financial mess. the book goes into great detail. if you are interested in understanding the players and what REALLY happened, listen to this book.
It was hard to turn off as I listened in my car on long trips. Well worth the time. Explains how smart people can be so smart they fail to check on the details. Definitely recommend.
I was employed by Lehman Brothers and left shortly before the collapse. I wanted to find out the big picture.
I don't think so.
And not great on the systemic issues either.
But plenty of interesting story telling too.
I recomend just to someone that is very very interested in the Bear Stearns history.