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Paul

Northport, NY, United States | Member Since 2008

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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
    (342)
    Performance
    (101)
    Story
    (102)

    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"
    "Tedius at times but overall pretty interesting"
    Overall

    There are times during this book that you just want the author to get on with it. He goes over certain events, giving the perspective of so many involved, that you just want to move along to the next section. But after an initial rough patch it does pick up, for me, at least, when he gets into the history of Bear, Sterns and some of the central players.

    2 of 2 people found this review helpful

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