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 ... read full description
reviews
Mar 29, 2010
Jennifer (JC-S)
rated it: 
‘No-one seemed to ask what would happen if housing prices started to fall.’
This book, by CNBC’s David Faber, provides an analysis of the global financial crisis that commenced in 2007. The cause of this crisis, as written by Mr Faber, is a combination of greed and regulatory failure.
David Faber traces the lineage of the subprime mortgage industry, and tracks it back to the aftermath of the September 11 2001 attacks when interest rates were lowered to try to help the Am More...
This book, by CNBC’s David Faber, provides an analysis of the global financial crisis that commenced in 2007. The cause of this crisis, as written by Mr Faber, is a combination of greed and regulatory failure.
David Faber traces the lineage of the subprime mortgage industry, and tracks it back to the aftermath of the September 11 2001 attacks when interest rates were lowered to try to help the Am More...
Jul 31, 2009
Bart
rated it: 
This is an excellent exploration of a very bad time. For its brevity, it has plenty of insights. David Faber does more with explaining synthetic credit default obligations (CDOs) than anyone else I’ve read, in book form or online. And I like to think I’ve read an awful lot since September 18, 2008 – the day the free market ended.
He is best when he is digging and reporting and trying, somehow, to explain inordinately complex derivative schemes, schemes about which former Chairman o More...
He is best when he is digging and reporting and trying, somehow, to explain inordinately complex derivative schemes, schemes about which former Chairman o More...
Sep 29, 2011
D
rated it: 
What I found most interesting was Kyle Bass’s attempt to be forthright with Bear Stearns to alert them and other investment and financial institutions of their cataclysmic collision path with sure disaster. I guess to them Bass must have resembled some overly angst person with apocalyptic views about the world of finance. Bass had done his research, presented the facts, and still these institutions turned a blind eye and gave him the cold shoulder. They were so “high” on making money that the
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Nov 11, 2010
Bradydale
rated it: 
It may be because I'd already read THE BIG SHORT and THE GREATEST TRADE EVER, but as I listened to this book, I didn't really think I was learning much. This could have been my problem. Maybe I was distracted, but it doesn't add much where those better recognized books on the crisis leave off.
Nov 28, 2009
Larry
rated it:
A failure at multiple levels in oversight. Fannie and Freddie accting problems----withdrawal from mortgage mart---lowered standards ---no accountability--decreased redlining--political motives--9/11--CDO--CDS--ninja loans
Feb 20, 2010
Hillery
rated it:
Excellent book by CNBC anchor. If this doesn't convince you that those on Wall Street need a helluva lot more regulation, then you're not using the brain God gave you.
May 08, 2010
Helen
rated it:
This was a very readable discussion of our financial crisis by an excellent author. Kudos for making a complex subject understandable for the general public.
Mar 09, 2011
Barry
rated it:
Written in a manner that provided insight and clarity. Easy read. An excellant analysis of the problem supported by good intelligence and research.
Jul 22, 2009
Jill
rated it:
A lot of repeat information from the CNBC show. A comprehensive story of what happened to not America's economy, but the world's economy and why.
Jan 12, 2011
Dan
rated it:
Each finance book I read gets me a little closer to understanding risk and the collapse of the financial system.
Jul 08, 2009
Mike
rated it:
Good read. Faber does well at the tough job of explaining just what those bankers built that caused so much trouble.
It's pretty amazing what these guys got away with for so long.
It's pretty amazing what these guys got away with for so long.
Jun 25, 2009
I am hoping to get to this book after I finish reading Seven Years in Tibet
Jun 06, 2010
Easiest-to-understand book I've read about what happened on Wall Street and in the housing market.
Jan 14, 2011
Tom
rated it:
Good overview of the mortgage mess and how it lead to the last recession. Not a ton of depth, but it's written in such a way as to be accessible to anyone - even someone with no understanding of finance or economics.
Aug 02, 2011
ron
rated it:
Pretty concise book on how liar loans fueled by wall street greed led to the destruction of the world economy and the current despair that most of the world is in today.
Oct 18, 2009
Charlotte
rated it:
Great insight into the finacial relm of the downfall of the market.
Sep 12, 2010
Charles
rated it:
"Greed is good" - so it's been said. Greed creates economic efficiency, but when there's no control or governance chaos ensues. This book clearly demonstrates what happens when logic and common sense are ignored in the pursuit of the "American Dream". David Faber explains this disaster so that the average reader may readily comprehend, which is something that no one who was involved in this mess could do.
I read this book soon after reading Harry Markopolos' "No O More...
I read this book soon after reading Harry Markopolos' "No O More...
Jan 29, 2012
Jan 12, 2012
Oct 14, 2011
