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David

Rye, NY, USA | Member Since 2015

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  • House of Cards: A Tale of Hubris and Wretched Excess on Wall Street

    • UNABRIDGED (25 hrs and 16 mins)
    • By William Cohan
    • Narrated By Alan Sklar
    • Whispersync for Voice-ready
    Overall
    (351)
    Performance
    (108)
    Story
    (109)

    In March 2008, Bear Stearns, a swashbuckling 84-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 10 days?

    roberta Kane says: "Riveting, interesting, learned alot"
    "Impressively well written."
    Overall

    William Cohen clearly made an effort to explain what happened at Bear Stearns in a well told story.

    0 of 0 people found this review helpful

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