All the Devils Are Here

✍ Scribed by McLean, Bethany

• Book ID: 107166285
• Publisher: Penguin Group USA, Inc.
• Year: 2011
• Tongue: English
• Weight: 407 KB
• Category: Fiction

✦ Synopsis

The definitive narrative of two decades of folly that led to the financial crisis.

"Hell is empty, and all the devils are here." —Shakespeare, The Tempest

Before the dust even settled, competing theories emerged to explain the financial crisis. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, clueless homeowners, or timid regulators? Or on foreign culprits in London, Beijing, or Tehran? Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, offer the definitive answer: all of the above and more. Many devils helped bring hell to the economy.

This surprising narrative goes back more than twenty years to reveal, in rich, anecdotal detail, how Wall Street, the mortgage industry, and the government conspired to change the way Americans bought their homes, creating a perfect storm. The authors take us inside elusive institutions such as Goldman Sachs, AIG, and Fannie Mae, to reveal who...