House of Cards by William D. Cohan
A Tale of Hubris and Wretched Excess on Wall Street

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Synopsis

A blistering narrative account of the negligence and greed that pushed all of Wall Street into chaos and the country into a financial crisis.
 
At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street.


From the Trade Paperback edition.
 

About William D. Cohan

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WILLIAM D. COHAN, a former senior Wall Street investment banker, is the bestselling author of The Last Tycoons and the winner of the 2007 FT/Goldman Sachs Business Book of the Year Award. He writes for The Financial Times, Fortune, the New York Times, the Washington Post, the Daily Beast, and appears frequently on CNBC.
 
Published March 5, 2009 by Anchor. 468 pages
Genres: Business & Economics, Professional & Technical. Non-fiction

Unrated Critic Reviews for House of Cards

The New York Times

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In March 2008 when the 85-year-old firm Bear Stearns — the nation’s fifth-largest investment bank, which had survived every crisis of the 20th century, from the Great Depression to the market dive of 1987 without a single losing quarter — crashed and burned in little over a week, it became a har...

Mar 09 2009 | Read Full Review of House of Cards: A Tale of Hub...

The Guardian

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House of Cards : How Wall Street’s Gamblers Broke Capitalism by William D Cohan Find this on the Guardian bookshop Search the Guardian bookshop It is t...

Mar 22 2009 | Read Full Review of House of Cards: A Tale of Hub...

The Washington Post

When Bear Stearns and other venerable investment houses founded in the 1800s were private partnerships investing their own money, they kept extra cash on hand to survive lean times.

Mar 22 2009 | Read Full Review of House of Cards: A Tale of Hub...

Huffington Post

For his part, Lo skipped both books that Federal Judge Richard Posner published in 2009 and 2010, The Crisis of Capitalist Democracy and A Failure of Capitalism (my review of the latter is here), which commendably wrestled with many of these issues of causation that Lo raises, and he passed over ...

Feb 07 2012 | Read Full Review of House of Cards: A Tale of Hub...

Zimbio

At 7:30pm Tim Geithner (president of the NY Federal Reserve Bank) called the SEC and they agreed with the Bear Stearns $2 billion estimation and thought that Bear Stearns would have to file for bankruptcy in 12 hours.

Jul 24 2011 | Read Full Review of House of Cards: A Tale of Hub...

Seeking Alpha

Considering I was not too familiar with the history of Bear Sterns, I would have liked the third part of the book to come before the first part of the book.

Dec 29 2009 | Read Full Review of House of Cards: A Tale of Hub...

Hutchinson Leader

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The Akron Beacon Journal

391) and which its supporters claim has the support of a bipartisan group of about 20 Senators, represents an attempt to lower the cost of health insurance by eliminating the favorable tax treatment for employer-based health insurance and instead requiring employers to contribute to a fund which ...

Sep 18 2014 | Read Full Review of House of Cards: A Tale of Hub...

The Finance Professional's Post

it was arrogance.” Another factor was that its people were “drawn to Bear because of the lack of structure, the free-and-loose attitude that prevailed.” This feeling of family and loyalty kept most from seeing Bear Stearns in a rational and objective view, kept them from selling their stock, and ...

Mar 15 2010 | Read Full Review of House of Cards: A Tale of Hub...

The Deal

Bob Teitelman, editor in chief and a member of the company’s executive committee, is responsible for editorial operations of print and electronic products.

Feb 03 2012 | Read Full Review of House of Cards: A Tale of Hub...

Reader Rating for House of Cards
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