Through the prism of bear stearns, he shows how a combination of risky bets, corporate political infighting, lax. Narrated with the novelistic verve and insider knowl edge that. House of cards contra costa county library overdrive. Read house of cards a tale of hubris and wretched excess on wall street by william d. Cohans house of cards is not intended to walk us through every nook and cranny of the housing crisis, or even the systemic mess that took place across wall street. Many people are confused about recent events, but house of cards is a wonderful place to start to learn. A blistering narrative account of the negligence and greed that pushed. William cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only bear. Mar, 2009 anyone who still retains such antique illusions will lose them in fewer than 10 pages into house of cards. Cohan gets inside the companys spectacular collapseand details how a shocking newspaper story about.
A tale of hubris and wretched excess on wall street ebook written by william d. In a talk about the book at cal state long beach, cohan said he felt it was his mission to get a response to questions left unanswered by wall street ceos. Cohan is the bestselling author of the last tycoons, the winner of the 2007 ftgoldman sachs business book of the year award. He chronicles the swashbuckling corporate culture of bear stearns, the strangely crucial role competitive bridge played. He has written three books about business and econom. A tale of hubris and wretched excess on wall street kindle edition by cohan, william d download it once and read it on your kindle device. A tale of hubris and wretched excess on wall street book online at best prices in india on.
House of cards a tale of hubris and wretched excess on wall street by william d. In march 2008, bear stearns, a swashbuckling eightyfouryearold financial institution, was forced to sell. Cohans house of cards is a very interesting and detailed account on the reasons behind the infamous bear sterns meltdown. Use features like bookmarks, note taking and highlighting while reading house of cards. William cohan, a former investment banker, gives us in house of cards a chilling, almost minutebyminute account of the 10. A tale of hubris and wretched excess on wall street kindle edition by cohan, william d download it once and read it on your kindle device, pc, phones or tablets.
Through extensive research and interviews with the inside players, including current ceo lloyd blankfein, william cohan constructs a nuanced, timely portrait of goldman sachs, the company. Cohan is the author of the new york times bestsellers house of cards and the last tycoons, which won the 2007 financial times and goldman sachs business book of the year award. He is a contributing editor at vanity fair, has a biweekly opinion column in the new york times, and writes frequently for the. He writes frequently for vanity fair, the new york times, the financial times, fortune, the atlantic, and the washington post. Cohan sets out to give the reader an inside story of exactly what happened to bear stearns, an investment bank that collapsed in march 2008. But house of cards does more than recount the incredible panic of the first stages of the financial meltdown. Cohan and a great selection of related books, art and collectibles available now at. Cohan makes clear in his engrossing new book, house of cards, bear stearns is also a kind of microcosm of what went wrong. If you ever need your family life written, cohan is more than able to do the job. If you like your smartphone or your widescreen tv, your car or your pension, then, whether you know it or not, you are a fan of wall street. A tale of hubris and wretched excess on wall street by william d. Cohan beautifully demonstrates why the seemingly invincible wall street money machine came crashing down. A tale of hubris and wretched excess on wall street.
A blistering narrative account of the negligence and greed that pushed all of wall street into chaos and the country. His narrative mainly consists of interviewing direct participants with jimmy cayne, the former head of bear, obviously being the most prominent figure. Cohan is the author of the new york times bestsellers house of cards and the last tycoons, which won the 2007 ftgoldman sachs business book of the year award. Cohan beautifully demonstrates why the seemingly invincible wall street money. He is an online columnist for the new york times, and writes frequently for vanity fair, fortune, artnews, the financial times, the washington post and the. He has appeared on the daily show, charlie rose, cbs this morning, abc evening news.
Anyone who still retains such antique illusions will lose them in fewer than 10 pages into house of cards. Many people are confused about recent events, but house of. This is a 450page playbyplay of the fall and rise of bear stearns in particular. Cohan covers every single significant event and even the nososignificant ones as they pertained to the collapse of bear stearns and much of wall street in 2008. He is a contributing editor at vanity fair, has a biweekly opinion column in the new york times, and writes frequently for the financial. Cohan, bestselling author of house of cards, has long been critical of the bad behaviour that plagued much of wall street in the years leading up to the 2008 financial crisis, and, as an exbanker, he is an. A blistering narrative account of the negligence and greed that pushed all of wall street into chaos and the country into a financial crisis.
How pot helped destroy bear stearns the daily beast. Cohan, bestselling author of house of cards, has long been critical of the bad behaviour that plagued much of wall street in the years leading up to the 2008 financial crisis, and, as an exbanker. It was a giant corporate giveaway that ballooned the deficit without boosting manufacturing. Download for offline reading, highlight, bookmark or take notes while you read house of cards. Money and power king county library system overdrive. Cohan paints a picture of character over integrity, forcefulness and personality over knowledge and regulation. Cohan is the author of the new york times bestsellers house of cards and the last tycoons, which won the 2007 financial times and goldman sachs business book. House of cards by william d cohanruth sunderland enjoys a devastating account of the foulmouthed, moneygrabbing men responsible for bear stearns collapse.
But in recent years he has become alarmed by the vitriol directed at the bankers, traders. In house of cards bestselling author and former investment banker william cohan gives the reader a frontrow seat at wall streets catastrophic unravelling at the seams, and the end of the second gilded. A tale of hubris and wretched excess on wall street, william d. Money and power isbn 9780385523844 pdf epub william d. Cohan, bestselling author of house of cards, has long been critical of the bad behaviour that plagued much of wall street in the years leading up to the 2008 financial crisis, and, as an exbanker, he is an expert on its inner workings as well. House of cards by william cohan ft business book of the. William david cohan born february 20, 1960 is an american business writer. His first book, the last tycoons, about lazard, won. See how this article appeared when it was originally published on. Cohan is the bestselling author of money and power, house of cards, and the last tycoons.
Cohan was an awardwinning investigative journalist before embarking on a seventeenyear career as an investment banker on wall street. He has also been featured on numerous npr programs, including marketplace, diane rehm, leonard lopate, and studio 360 with kurt anderson. The best part that i liked about the style of narration is while the wall street stories emerging post the subprime crisis are plentiful, reading about them at length. A tale of hubris and wretched excess on wall street 2009. Cohans superb and shocking narrative chronicles the fall of bear stearns and the. Cohan, a former senior wall street investment banker, is the bestselling author of the last tycoons and the winner of the 2007 ftgoldman sachs business book of the year.
In march 2008, bear stearns, a swashbuckling eightyfouryearold financial institution, was forced to sell itself to jpmorgan chase for an outrageously low price. Jan 01, 2009 house of cards tries to tell the complete tale of the rise and fall of bear sterns. On the evening of march 16, 2008, bear stearns, a swashbuckling eightyfiveyearold institution in the financial world, sold itself for. His first book, the last tycoons, about lazard, won the 2007 financial times goldman sachs business book of the year award and was a new york times bestseller. House of cards is the rosetta stone for understanding the dramatic and the unprecedented events that have reshaped wall street and global finance in the past two years. A tale of hubris and wretched excess on wall street consists of a riveting, daytoday, blowbyblow account of those dramatic ten days.
House of cards tries to tell the complete tale of the rise and fall of bear sterns. At the beginning of march 2008, the monetary fabric of bear stearns, one of the worlds oldest and. House of cards the free library of philadelphia overdrive. Cohan gets inside the companys spectacular collapseand details how a shocking newspaper story about the ceo. William cohan, the 2007 winner of the prize, was quick enough off the mark with house of cards, which documents the fall of bear stearns in spring 2008, while david wessels in fed we trust, an account of how ben bernanke, chairman of the us federal reserve, tackled the crisis, brings the story right up to this summer. Cohan is the new york times bestselling author of the price of silence, money and power, house of cards, and the last tycoons, which won the 2007 ftgoldman sachs business book of the year award. Cohan, former senior wall street investment banker, is the author of the new york times bestsellers house of cards and the last tycoons. Cohan is the new york times bestselling author of the price of silence, money and power, house of cards, and the last tycoons, which won the 2007 ftgoldman sachs business book of the. A tale of hubris and wretched excess on wall street is the second book written by william d. The book is extremely entertaining and full of interviews and quotes, clearly a testament to an enormous amount of research. The bestselling author of the acclaimed house of cards and the last tycoons turns his spotlight on to goldman sachs and the controversy behind its success.
Cohan, a former senior wall street investment banker, is the bestselling author of the last tycoons and the winner of the 2007 ftgoldman sachs business book of the year award. A tale of hubris and wretched excess on wall street by william. A blistering narrative account of the negligence and greed that pushed all of wall street into chaos and the country int. In house of cards bestselling author and former investment banker william cohan gives the reader a frontrow seat at wall streets catastrophic unravelling at the seams, and the end of the second gilded age on wall street. Money and power reveals the internal schemes that have guided the bank from its founding through its remarkable windfall during the 2008 financial crisis. He has appeared on the daily show, charlie rose, cbs this morning, abc evening news, good morning america, and more.
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