All the Devils Are Here
The Hidden History of the Financial Crisis
Автор(и) : Bethany McLean , Joe Nocera
Издател : Portfolio Hardcover
Място на издаване : London, England
Година на издаване : 2010
ISBN : 978-0-670-92037-2
Брой страници : 380
Език : английски
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As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?
According to Bethany McLean and Joe Nocera, two of America s most acclaimed business journalists, the real answer is all of the above and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together.
All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn t about finance at all; it was about human nature.
"Not for a page do the authors let any political theory or party off the hook as they deftly weave arguments, refutations and facts upon facts in this gripping account."
-The Associated Press
"All the Devils Are Here is the best business book of 2010.... They put numbers and nuances into a human drama and wrote a business book that is as riveting as an adventure novel. I thought the financial crisis had been completely covered with great books by great writers and there wasn't anything else left to say. McLean and Nocera were able to build on the story and trace the crisis back, 30 years ago, to its roots."
-The Huffington Post
"Veteran journalists Bethany McLean and Joe Nocera slam dunk this difficult project. The authors turn CDOs into something that makes sense, CEOs into the fallible humans they are, and even transform the government into a place readers can picture.... I followed the financial crisis while it was happening, and frankly always felt like pieces were missing. The books that I read after the financial crisis covered certain bits in detail, but I still had no bird's-eye view. Finally, All the Devils Are Here provided it."
Bethany McLean (born December 12, 1970) is a contributing editor to Vanity Fair magazine and a contributor to Slate, and known for her work on the Enron scandal and the 2008 financial crisis. She had been an editor at large and columnist for Fortune magazine.
She co-authored a book with New York Times columnist Joe Nocera on the 2008 financial crisis titled All the Devils Are Here, (November 2010). It details what happened and concludes it was not an accident that banks understood the big picture before the crisis happened but continued with bad practices.
McLean joined Vanity Fair as a contributing editor in 2008. She joined Slate as a contributor to the Moneybox column in 2010.
Joseph Nocera (born May 6, 1952) is an American business journalist and author. He has been a columnist for The New York Times since April 2005. Nocera is also a business commentator for NPR’s Weekend Edition with Scott Simon.
Prior to joining The New York Times, Nocera worked at Fortune from 1995 to 2005, in a variety of positions, finally as editorial director. Nocera was the "Profit Motive" columnist at GQ from 1990 to 1995, and also wrote the same column for Esquire from 1988 to 1990.
He wrote 'All the Devils Are Here: The Hidden History of the Financial Crisis' with Bethany McLean.