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Publisher's Summary

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 an 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?

In this tour de force, Cohan provides a minute-by-minute account of the events that brought America's second Gilded Age to an end. Filled with intimate portraits of the major players, high-end gossip, and smart financial analysis, House of Cards recounts in delicious narrative form the dramatic events behind the fall of Bear Stearns and what it revealed about the financial world's progression from irrational boom to cataclysmic bust. House of Cards is the Rosetta Stone for understanding the dramatic and the unprecedented events that have reshaped Wall Street and global finance in the past two years.

©2009 William D. Cohan; (P)2009 Tantor

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  • Overall

absolute garbage

I thought this would be an insightful analysis of the events that lead to the collapse of the market. Instead this book is a 25-hour long drivel describing in excruciating detail the daily minutia at Bear Stearns. I really don't care who plays bridge with whom or what Hank Paulson had for lunch. It is absolutely incredible how someone can write a book this long and yet make it largely devoid of content.

4 of 9 people found this review helpful

  • Overall
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I now have a better understanding

I now have a better understanding of how the crash of 2008 was planned and orchestrated. I still feel that the entire crash of 08 has been set up by our government!

0 of 1 people found this review helpful

  • Overall
  • Carroll
  • Saratoga Springs, NY, United States
  • 10-23-09

Great Book!

This book read like a novel. Very well written. Once I started it, I didn't want to put it down. I am tempted to send a copy to President Obama, since I don't see the administration doing anything to re-regulate the financial industry. William Cohan did a great job of pulling this mess together into a coherent and compelling tale.

0 of 2 people found this review helpful