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And Then The Roof Caved In
David Faber
How Wall Street Greed And Stupidity Brought Capitalism To Its Knees
Wiley
July 2009
On Sale: June 22, 2009
192 pages
ISBN: 0470474238
EAN: 9780470474235
Hardcover
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Non-Fiction
CNBC's David Faber takes an in-depth look at the causes and
consequences of the recent financial collapse
And Then the Roof Caved In lays bare the truth of
the credit crisis, whose defining emotion at every turn has
been greed, and whose defining failure is the complicity of
the U.S. 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. Page by page, Faber
explains the events of the previous 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 current 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
we currently face came to be.
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