And Then the Roof Caved In

  • by David Faber
  • Narrated by Dennis Holland
  • 6 hrs and 37 mins
  • Unabridged Audiobook

Publisher's Summary

CNBC's David Faber takes an in-depth look at the causes and consequences of the recent financial collapse.And Then the Roof Caved In lays bare the truth of the credit crisis, whose defining emotion at every turn has been greed, and whose defining failure is the complicity of the U.S. government in letting that greed rule the day. Faber painstakingly details the truth of what really happened with compelling characters who offer their first-hand accounts of what they did and why they did it.Faber explains the events of the previous seven years that planted the seeds for the worst economic crisis since the Great Depression. He begins in 2001, when the Federal Reserve embarked on an unprecedented effort to help the economy recover from the attacks of 9/11 by sending interest rates to all-time lows. Faber also provides an up-close look at where the crisis was incubated and unleashed upon the world - Wall Street - and introduces us to insiders, from investment banks and mortgage lenders to ratings agencies, that unwittingly conspired to insure lending standards were abandoned in the head-long rush for profits.

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What the Critics Say

"CNBC's David Faber delivers a clear-eyed look at the origins of the crisis.... As an anchor of the Faber Report, the author was on the front lines of the financial crisis and spoke with many of its key players. (Fortune)

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Customer Reviews

Most Helpful

Best book explaining the recent economic collapse

This is easily the best book to understand the broad range of issues concerning the recent economic meltdown in the US. I have read half a dozen books on these issues and this was the best. The Big Short and The World's Greatest Trade were more interesting but you came away confused on what caused the overall problems. Faber takes you through step by step in a clear and interesting manner.
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- Jonnie

Clear & understandable

From complex financial instruments to political climate Mr. Faber writes on of the most balanced and professional explanations for the current financial situation. If you want to know how we got here, this is a "must read."
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- G. Robert

Book Details

  • Release Date: 09-14-2009
  • Publisher: Audible Studios