And Then the Roof Caved In

How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees

By: David Faber

Narrated by: Dennis Holland

CNBC's David Faber takes an in-depth look at the causes and consequences of the 2007-08 financial collapse

And Then the Roof Caved In lays bare the truth of the credit crisis, whose defining emotion at every turn was greed, and whose defining failure is the complicity of the US government in letting that greed rule the day. Written by CNBC's David Faber, this book painstakingly details the truth of what really happened with compelling characters who offer their first-hand accounts of what they did and why they did it.

Moment by moment, Faber explains the events of the seven years that planted the seeds for the worst economic crisis since the Great Depression. He begins in 2001, when the Federal Reserve embarked on an unprecedented effort to help the economy recover from the attacks of 9/11 by sending interest rates to all-time lows. Faber also gives you an up-close look at where the crisis was incubated and unleashed upon the world - Wall Street - and introduces you to insiders from investment banks and mortgage lenders to ratings agencies, that unwittingly conspired to insure lending standards were abandoned in the head long rush for profits.

• Based on two years of research, this book provides deep background into the credit crisis
• Offers the insights of experienced professionals - from Alan Greenspan to prominent bankers and regulators - who were on the front lines
• Created by David Faber, the face of morning business news on CNBC, and host of the network's award-winning documentaries

From regulators who tried to stop this problem before it swung out of control to hedge fund managers who correctly foresaw the coming housing crash and profited from it, And Then the Roof Caved In shows you how the crisis came to be.

©2009 David Faber (P)2009 Audible, Inc.

I Understand It Now

Not only did this book help me, a financial layperson, to fully grasp the causes of the greatest economic crisis of my lifetime, but the author helped me to understand it in such a way that I feel equipped to explain it to others! Mr. Faber has succeeded in a great feat of communication with this book, and I would highly recommend it to anyone looking to understand the 2008 GFC.

Should Be a Reading Requirement

Any people going into the financial field of work should be required to read this book.