House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, William D. Cohan
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House of Cards: A Tale of Hubris and Wretched Excess on Wall Street

Author: William D. Cohan

Narrator: Alan Sklar

Unabridged: 25 hr 17 min

Format: Digital Audiobook

Publisher: Tantor Audio

Published: 04/20/2009

Genre: Business & Economics

Synopsis

In March 2008, Bear Stearns, a swashbuckling eighty-four-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 ten 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.

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