The End of Wall Street Audiobook
The End of Wall Street Audiobook
- Erik Synnestvedt
- Penguin Audio
- 2010-04-06
- 11 h 33 min
Summary:
The roots from the mortgage bubble as well as the story from the Wall Street collapse-and the government’s unparalleled response-from our most trusted business journalist.THE FINISH of Wall Street is a blow-by-blow account of America’s biggest economic collapse because the Great Depression. Drawing on 180 interviews, including sit-downs with top authorities officials and Wall structure Road CEOs, Lowenstein tells, with grace, wit, and razor-sharp understanding, the entire story of the end of Wall Street as we understood it..Read More about The End of Wall Street Displaying the characteristics that made When Genius Failed a timeless common of Wall structure Street-his sixth sense for narrative episode and his unequaled ability to tell complicated financial stories with techniques that resonate with the ordinary reader-Roger Lowenstein weaves a economic, economic, and sociological thriller that indicts America for succumbing towards the siren tune of easy debts and speculative mortgage loans.The End of Wall Road is rife with historical lessons and bursting with fast-paced action. Lowenstein introduces his story with exactly etched, laserlike information of Angelo Mozilo, the Johnny Appleseed of subprime home loans who spreads toxic loans over the panorama like crazy crabapples, and goes to a damning explication of how ranking agencies helped gift wrap faulty loans in the guise of triple-A paper and a takedown from the academic formulas that-once once again- demonstrated the ruin of traders and banks. Lowenstein excels with some searing information of bank CEOs, such as the ferretlike Dick Fuld of Lehman as well as the bloodless Jamie Dimon of JP Morgan, and of government officials from your restless, deal-obsessed Hank Paulson as well as the overmatched Tim Geithner to the cerebral academic Ben Bernanke, who wanted in order to avoid a repeat of the one turmoil he spent an eternity seeking to understand-the Great Depressive disorder.Finally, we come to comprehend the majesty of Lowenstein’s theme of liquidity and capital, which explains the origins of the crisis which positions the collapse of 2008 simply because the best ever of Wall structure Street’s unlearned lessons. The End of Wall Street will be essential reading once we work to recognize the lessons of the market failure and begin to rebuild.