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Anthony

Orange, CA, USA | Member Since 2008

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  • 397 titles in library
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  • House of Cards: A Tale of Hubris and Wretched Excess on Wall Street | [William Cohan]
    House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
    UNABRIDGED

    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
    (309)
    Performance
    (73)
    Story
    (75)

    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 says: "Riveting, interesting, learned alot"
    "Wall Street exciting?"
    Overall
    Performance
    Story

    Very readable and understandable chronicle of Bear Sterns and the rest of Wall Street's effect on credit and the economy.

    3 of 4 people found this review helpful
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