Bethesda, MD, United States | Member Since 2004
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.
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.
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