Faber And Then the Roof Caved In

How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees
1. Auflage 2009
ISBN: 978-0-470-52921-8
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 216 Seiten, E-Book

CNBC's David Faber takes an in-depth look at the causes andconsequences of the recent financial collapse
And Then the Roof Caved In lays bare the truth of thecredit crisis, whose defining emotion at every turn has been greed,and whose defining failure is the complicity of the U.S. governmentin letting that greed rule the day. Written by CNBC's David Faber,this book painstakingly details the truth of what really happenedwith compelling characters who offer their first-hand accounts ofwhat they did and why they did it.
Page by page, Faber explains the events of the previous sevenyears that planted the seeds for the worst economic crisis sincethe Great Depression. He begins in 2001, when the Federal Reserveembarked on an unprecedented effort to help the economy recoverfrom the attacks of 9/11 by sending interest rates to all timelows. Faber also gives you an up-close look at where the crisis wasincubated and unleashed upon the world-Wall Street-and introducesyou to insiders from investment banks and mortgage lenders toratings agencies, that unwittingly conspired to insure lendingstandards were abandoned in the head long rush for profits.
* Based on two years of research, this book provides deepbackground into the current credit crisis
* Offers the insights of experienced professionals-from AlanGreenspan to prominent bankers and regulators-who were on the frontlines
* Created by David Faber, the face of morning business news onCNBC, and host of the network's award winning documentaries
From regulators who tried to stop this problem before it swungout of control to hedge fund managers who correctly foresaw thecoming housing crash and profited from it, And Then the RoofCaved In shows you how the crisis we currently face came tobe.

Autoren/Hrsg.

Faber, David

Inhaltsverzeichnis

Acknowledgments.
Prologue "On the Verge".
Chapter 1 Bubble to Bubble.
Greenspan's Shock and Awe.
Houses Built on Cow Dung.
Chapter 2 Home Sweet Home.
Opening Doors.
An Industry Is Born.
Subprime Returns.
Chapter 3 The Subprime Machine.
From Delivering Pizza to Delivering Mortgages.
Living the Dream.
Diving into Deep Trouble.
Chapter 4 Eyes Wide Shut.
A Warning Unheeded.
A Dream No More.
Chapter 5 The Great Enabler.
Fannie Mae and Freddie Mac Hit the Scene.
Fannie and Freddie Get a Timeout.
Wall Street Takes Over.
A Tsunami of Mortgages.
From Ownit to Out of It.
Back from the Grave.
Chapter 6 Complicity.
Moody's the Money Maker.
Repeat Customers.
Chapter 7 The Securitization from Hell.
The Making of a CDO.
Tough to Kill.
Turning "Crap into Triple-A".
From CDS to CDO.
Insanity Sets In.
Chapter 8 Narvik and Me.
CDOs: An American Export.
The Truth Revealed--But Does It Matter?
Chapter 9 Mortgaging Merrill's Future.
Climbing Out of Poverty.
A Strong Start.
The Secret Weapon.
Raking It In.
Taking Big Risks.
Chapter 10 A House of Cards.
Digging for Gold.
Building a Case.
The Investment of a Lifetime.
Chapter 11 And Then the Roof Caved In.
The Wheels Coming Off.
The Call.
A Crisis Begins.
The CDO Blues.
Lights Out.
Epilogue.
A Note on Sources.
Resources from CNBC.
Index.

Über Autor(innen)

DAVID FABER, an Emmy, Peabody, and duPont Award winner, is the anchor and coproducer of CNBC's acclaimed original documentaries and long-form programming as well as a contributor to CNBC's Squawk on the Street. He has been reporting on Wall Street and corporate America for over twenty-two years, sixteen of them as the foremost reporter at CNBC. Faber has broken numerous stories including the massive fraud at WorldCom and News Corp.'s hostile bid for Dow Jones. He was a founding member of CNBC's signature morning show, Squawk Box. Faber also blogs at FaberReport.cnbc.com.