All the Devils Are Here: The Hidden History of the Financial Crisis
According to the United States National Bureau of Economic Research, the global recession began in December 2007; but although it has been nearly three years since the meltdown's onset, experts are still divvying up the blame. Who was at fault: Wall Street, Main Street, or Pennsylvania Avenue? Was it cynical derivative dealers, foolish homebuyers or negligent regulators? B...more
It's a chilling story, and I found myself horrified many times. The worst was reading about synthetic CDO's, which were like zomb...more
Shakespeare wrote: Hell is empty, and all the Devils are here. I'm going to zombify this sentiment just a tad by saying what I know to be true: There is no more room in Hell, and the Devils now walk the earth. Oh yes...they do. Is there any doubt? Little ones and big ones, all spread out like an infection. And if there's a cure to wiping them off the face of the planet and sending them back to Hell it's yet to be implemented because apparently it takes balls and brains and a pretty reliable mora...more
My only criticism of the book would be that it never takes a step back from the events to...more
I continue to read as much as I can about the Crisis of 2008. Maybe it's because I am unemployed and grow more and more bitter with each day? Maybe I'd like to be able to rail against Wa...more
The latest in books regarding the financial crisis. Not much new to be added . It is still amazing to me that no CEO 's, traders, no one from the rating agencies or the regulators are in jail. It is pretty apparent that everyone know what was going on, that fraud was occurring and no one did a thing, Somehow the people losing houses Were the only losers . Goldman Sachs betted against their own clients - and won (or lost less than they should ). The ratings agencies perpetuated fraud, loan origi...more
The authors also expose themselves as slightly right-leaning, though politically they do a good job excoriating both parties. The history of laws...more
Readers with a non-finance background should not be dismayed by the parade of ever more...more
Obsessed with trying to understand the financial meltdown, I keep reading these boo...more
If a model looks great, then you missed something important. Something that will bring it all crashing down.
Also, this book made me mull on this quote:
"All these voices on the outside were saying, 'You are not relevant,'" Mudd late...more
Another great thing about this book is that you...more
The authors' objectivity is evidenced by the fact that unlike other writers who have penned purely political op-Ed's to confirm their own phi...more
McLean grew up in Hibbing and received her BA in English and mathematics at Williams College in 1992. After college and prior to joining Fortune, she worked as an investment banker for Goldman Sachs.