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


All the Devils Are Here: The Hidden History of the Financial Crisis Cover

ISBN13: 9781591844389
ISBN10: 159184438x
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Synopses & Reviews

Publisher Comments:

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 is a writer for Vanity Fair and the coauthor of The Smartest Guys in the Room. She lives in Chicago.

Joe Nocera is a business columnist for The New York Times and a staff writer for The New York Times Magazine. He has won three Gerald Loeb awards and was a finalist for a Pulitzer Prize in 2006. He lives in New York.

What Our Readers Are Saying

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Average customer rating based on 1 comment:

Walter Hensley, July 2, 2013 (view all comments by Walter Hensley)
A page turner about the financial meltdown. One of the most entertaining lines is some financial guru who calls Angelo Mozillo, the founder of Countrywide, "That little orange guy..." He likes his tanning salon.

This is an excellent and most interesting description of risk and how it was buried/hidden by many supposed upstanding financial organizations. The risk was so great they had to hire PhD's in Physics to figger it out. Then they demanded the Risk Manager stay away from the traders. Lessee... aw, nevermind. Still a wonder who many of them have not spent some time in jail.
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Product Details

Mclean, Bethany
McLean, Bethany
Nocera, Joe
Economic History
Business-History and Biography
Edition Description:
Trade paper
Publication Date:
Grade Level:
from 12
16-page b/w photo insert
8.47 x 5.56 x 1.13 in 0.89 lb
Age Level:
from 18

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Business » Featured Titles
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Business » Investing
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History and Social Science » Economics » General
History and Social Science » Politics » General
History and Social Science » US History » 20th Century » General
History and Social Science » World History » General

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