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All the Devils Are Here: The Hidden History of the Financial Crisis (Paperback)

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Staff Reviews


The reasons for the 2008 housing crisis and ensuing Great Recession are numerous and complicated but McLean and Nocera do an outstanding job of starting at the beginning and telling the story, through all its various strands, in such a way as to make it compelling and comprehensible. I’ve read a handful of books on the financial crisis and this is the best of the bunch.

— Rico

Description


The New York Times bestseller hailed as "the best business book of 2010" (Huffington Post).

 

As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?

According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together.

All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature.

About the Author


Bethany McLean and Peter Elkind are Fortune senior writers. McLean, a former investment banking analyst for Goldman Sachs, lives in New York City. Her March 2001 article in Fortune, "Is Enron Overpriced?," was the first in a national publication to openly question the company's dealings.


Product Details
ISBN: 9781591844389
ISBN-10: 159184438X
Publisher: Portfolio
Publication Date: August 30th, 2011
Pages: 416
Language: English
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Data Source: ONIX
Created At: 3/7/2014 08:25am
Last Updated At: 11/13/2018 06:56am