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roberta Kane

Member Since 2006

15
HELPFUL VOTES
  • 1 reviews
  • 7 ratings
  • 300 titles in library
  • 15 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
    (346)
    Performance
    (104)
    Story
    (105)

    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, interesting, learned alot"
    Overall

    This is the story of Bear Stearns. The narrator has a "fly on the wall" approach. I felt like I was in the room and getting to know all the players. I know very little about Wall Street but in this economy my interest in how the economy works (or doesn't work) has become very interesting to me and this book is very timely. After listening to this book, almost non-stop, I am starting to understand what is going on. I am sure I have enough knowledge to "predict" as well as the "CNBC" talking heads what is going on.

    Anyway I highly recommend. I love books that read like novels---this one.

    15 of 15 people found this review helpful

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