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Thomas

I'm an attorney who loves, and needs, an occasional escape from the rigor and stresses of law. My interests and tastes range wide.

Bethesda, MD, United States | Member Since 2004

34
HELPFUL VOTES
  • 2 reviews
  • 2 ratings
  • 1 titles in library
  • 0 purchased in 2014
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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
    (340)
    Performance
    (99)
    Story
    (100)

    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"
    "Riveting "Read" About Credit Crisis"
    Overall

    Cohan has written a riveting "read" about the fall of an American financial powerhouse. Using almost no jargon, he tells the story of how 84 year old Bear Stearns fell virtually overnight. He does so in small easily accessable increments which, eventually, provides the reader with a cogent whole picture. Highly recommended for anybody with even a marginal interest in how the credit crisis came to be.

    27 of 28 people found this review helpful
  • This American Life: Another Frightening Show about the Economy

    • ABRIDGED (58 mins)
    • By This American Life
    Overall
    (38)
    Performance
    (7)
    Story
    (8)

    Alex Blumberg and NPR's Adam Davidson - the two guys who reported our "Giant Pool of Money" episode - are back. They'll explain what happened this week, including what regulators could've done to prevent this financial crisis from happening in the first place. To cover the daily ins and outs, Alex and Adam (with a few colleagues at NPR News) are also doing a free daily Planet Money podcast and blog.

    Thomas says: "A lucid explanation of complicated events"
    "A lucid explanation of complicated events"
    Overall

    This is an extraordinary achievement in reporting. The TAL reporters have explained in very clear language, using understandable examples, what previously seemed to be impossibly complicated financial concepts. Now I know what a credit default swap is. It also clearly discusses the various modes of government intervention and the benefit/problems of each. Highly recommended.

    7 of 7 people found this review helpful

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