House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
Written with the novelistic verve and insider knowledge that made "The Last Tycoons" a bestseller, "House of Cards" is a chilling cautionary tale about greed, arrogance, and stupidity in the financial world.
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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.